Daily Pivots: (S1) 0.8022; (P) 0.8050; (R1) 0.8090; More….

USD/CHF’s upside acceleration and break of 55 D EMA (now at 0.8105) argues that it’s at least correcting the fall from 09022. Intraday bias is staying on the upside for 38.2% retracement of 0.9200 to 0.7871 at 0.8379 next. On the downside, below 0.8037 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.8022; (P) 0.8050; (R1) 0.8090; More….

USD/CHF’s corrective bounce from 0.7871 might extend higher. But upside should be limited by 55 D EMA (now at 0.8105). On the downside, below 0.8023 minor support will turn intraday bias neutral first. However, sustained trading above 55 D EMA will indicate medium term bottoming, and target 0.8475 resistance next.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7974; (P) 0.8007; (R1) 0.8068; More….

No change in USD/CHF’s outlook and intraday bias stays on the upside. Price actions from 0.7871 are still seen as a corrective pattern. Further rise would be seen to 55 D EMA (now at 0.8107), but upside should be limited there. On the downside, below 0.8023 minor support will turn intraday bias neutral first. However, sustained trading above 55 D EMA will indicate medium term bottoming, and target 0.8475 resistance next.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7974; (P) 0.8007; (R1) 0.8068; More….

Intraday bias in USD/CHF remains on the upside for the moment. Price actions from 0.7871 are still seen as a corrective pattern. Further rise would be seen to 55 D EMA (now at 0.8107), but upside should be limited there. On the downside, below 0.7910 support will bring retest of 0.7871 low. However, sustained trading above 55 D EMA will indicate medium term bottoming, and target 0.8475 resistance next.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7937; (P) 0.7959; (R1) 0.7972; More….

USD/CHF’s extended rebound and break of 0.7990 minor resistance suggests that corrective pattern from 0.7871 is extending with the third leg. Intraday bias is back on the upside for 0.8063 resistance and possibly above. But upside should be limited by 55 D EMA (now at 0.8108). On the downside, below 0.7910 support will bring retest of 0.7871 low.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7937; (P) 0.7959; (R1) 0.7972; More….

Intraday bias in USD/CHF stays neutral for the moment. On the downside, below 0.7910 will bring retest of 0.7871 low. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. On the upside, break of 0.7990 minor resistance will bring stronger rebound to extend the corrective pattern from 0.7871.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

USD/CHF fell to 0.7910 last week but recovered since then. Initial bias remains neutral this week first. On the downside, below 0.7910 will bring retest of 0.7871 low. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. On the upside, break of 0.7990 minor resistance will bring stronger rebound to extend the corrective pattern from 0.7871.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

In the long term picture, price action from 0.7065 (2011 low) are seen as a corrective pattern to the multi-decade down trend from 1.8305 (2000 high). It’s uncertain if the fall from 1.0342 is the second leg of the pattern, or resumption of the down trend. But in either case, outlook will stay bearish as long as 0.9200 resistance holds. Retest of 0.7065 should be seen next.

Daily Pivots: (S1) 0.7928; (P) 0.7944; (R1) 0.7973; More….

No change in USD/CHF’s outlook and intraday bias remains neutral. On the downside, below 0.7910 will bring retest of 0.7871 support. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. On the upside, break of 0.7990 minor resistance will bring stronger rebound to extend the corrective pattern from 0.7871.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7928; (P) 0.7944; (R1) 0.7973; More….

Intraday bias in USD/CHF remains neutral for the moment. On the downside, below 0.7910 will bring retest of 0.7871 support. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. On the upside, break of 0.7990 minor resistance will bring stronger rebound to extend the corrective pattern from 0.7871.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7907; (P) 0.7929; (R1) 0.7946; More….

Intraday bias in USD/CHF is turned neutral first with current recovery. Below 0.7910 will bring retest of 0.7871 support. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. On the upside, break of 0.7990 minor resistance will bring stronger rebound to extend the corrective pattern from 0.7871.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7907; (P) 0.7929; (R1) 0.7946; More….

USD/CHF’s fall from 0.8063 is in progress and intraday bias stays on the downside for retesting 0.7871 support. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. On the upside, however, above 0.7990 minor resistance will delay the bearish case and extend the corrective pattern from 0.7871 first.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7897; (P) 0.7945; (R1) 0.7969; More….

Intraday bias in USD/CHF remains on the downside for retesting 0.7871 support. Firm break there will resume larger down trend and target 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757. For now, risk will stay on the downside as long as 0.8063 resistance holds, in case of recovery.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7897; (P) 0.7945; (R1) 0.7969; More….

USD/CHF’s break of 0.7946 minor support suggests that corrective recovery from 0.7871 has already completed at 0.8064, after rejection by 0.8054 support turned resistance. Intraday bias is back on the downside for retesting 0.7871 first. Firm break there will resume larger down trend. For now, risk will stay on the downside as long as 0.8063 resistance holds, in case of recovery.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7957; (P) 0.7990; (R1) 0.8014; More….

No change in USD/CHF’s outlook and intraday bias stays neutral. On the downside, break of 0.7946 support will argue that correction from 0.7871 has completed at 0.8063 after rejection by 0.8054 support turned resistance. Intraday bias will be back on the downside for retesting 0.7871. Nevertheless, firm break of 0.8054/63 will bring stronger rebound to 55 D EMA (now at 0.8139).

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7957; (P) 0.7990; (R1) 0.8014; More….

Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the downside, break of 0.7946 support will argue that correction from 0.7871 has completed at 0.8063 after rejection by 0.8054 support turned resistance. Intraday bias will be back on the downside for retesting 0.7871. Nevertheless, firm break of 0.8054/63 will bring stronger rebound to 55 D EMA (now at 0.8139).

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7982; (P) 0.8020; (R1) 0.8054; More….

No change in USD/CHF’s outlook and intraday bias remains neutral. On the downside, break of 0.7946 support will argue that correction from 0.7871 has completed, and bring retest of this low. Nevertheless, firm break of 0.8054/63 will bring stronger rebound to 55 D EMA (now at 0.8140).

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.7982; (P) 0.8020; (R1) 0.8054; More….

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.7946 support will argue that correction from 0.7871 has completed, and bring retest of this low. Nevertheless, firm break of 0.8054/63 will bring stronger rebound to 55 D EMA (now at 0.8140).

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

USD/CHF recovered to 0.8063 last week but failed to sustain above 0.8054 support turned resistance and retreat. Initial bias remains neutral this week first. On the downside, break of 0.7946 support will argue that correction from 0.7871 has completed, and bring retest of this low. Nevertheless, firm break of 0.8054/63 will bring stronger rebound to 55 D EMA (now at 0.8145).

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

In the long term picture, price action from 0.7065 (2011 low) are seen as a corrective pattern to the multi-decade down trend from 1.8305 (2000 high). It’s uncertain if the fall from 1.0342 is the second leg of the pattern, or resumption of the down trend. But in either case, outlook will stay bearish as long as 0.9200 resistance holds. Retest of 0.7065 should be seen next.

Daily Pivots: (S1) 0.8011; (P) 0.8037; (R1) 0.8071; More….

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.7946 minor support will indicate rejection by 0.8054 support turned resistance and retain near term bearishness. Retest of 0.7871 should be seen next and break will confirm larger down trend resumption. Nevertheless, sustained break of 0.8054 will suggest that rise from 0.7871 at least correcting the fall from 0.8475. Further rise should then be seen to 55 D EMA (now at 0.8146).

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.

Daily Pivots: (S1) 0.8011; (P) 0.8037; (R1) 0.8071; More….

Intraday bias in USD/CHF remains neutral at this point. Focus stays on 0.8054 support turned resistance. Decisive break there will suggest that rise from 0.7871 at least correcting the fall from 0.8475. Further rise should then be seen to 55 D EMA (now at 0.8146). Nevertheless, rejection by 0.8054 will retain near term bearishness. Below 0.7946 minor support will bring retest of 0.7871 low.

In the bigger picture, long term down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 0.8475 resistance holds.