Tue, Aug 20, 2019 @ 10:43 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9713; (P) 0.9753; (R1) 0.9802; More…..

USD/CHF is staying in range above 0.9703 temporary low and intraday bias remains neutral first. In case of another recovery, upside should be limited well below 0.9975 resistance to bring fall resumption. On the downside, firm break of 0.9695 will resume the fall from 1.0237 to 0.9587 fibonacci level next.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9713; (P) 0.9753; (R1) 0.9802; More…..

Intraday bias in USD/CHF remains neutral as consolidation from 0.9703 continues. Strong recovery cannot be ruled out but upside should be limited well below 0.9975 resistance to bring fall resumption. On the downside, firm break of 0.9695 will resume the fall from 1.0237 to 0.9587 fibonacci level next.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9687; (P) 0.9764; (R1) 0.9812; More…..

A temporary low was formed at 0.9703, ahead of 0.9695 low. Intraday bias in USD/CHF is turned neutral first. Recovery should be limited well below 0.9975 resistance to bring fall resumption. On the downside, firm break of 0.9695 will resume the fall from 1.0237 to 0.9587 fibonacci level next.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9687; (P) 0.9764; (R1) 0.9812; More…..

No change in USD/CHF’s outlook as intraday bias remains on the downside for 0.9695 low. Break will resume the fall from 1.0237 to 0.9587 fibonacci level next. On the upside, above 0.9840 minor resistance will turn intraday bias neutral again. But further decline is expected as long as 0.9975 resistance holds.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9790; (P) 0.9849; (R1) 0.9883; More…..

Intraday bias in USD/CHF remains on the downside for 0.9695 low. Break will resume the fall from 1.0237 to 0.9587 fibonacci level next. On the upside, above 0.9840 minor resistance will turn intraday bias neutral again. But further decline is expected as long as 0.9975 resistance holds.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9790; (P) 0.9849; (R1) 0.9883; More…..

Intraday bias in USD/CHF remains on the downside as this point. Corrective recovery from 0.9695 should have completed with three waves up to 0.9975. Break of 0.9803 support confirms this case and next target if 0.9695. On the upside, above 0.9840 minor resistance will turn intraday bias neutral again.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9975 last week but reversed dropped sharply from there. The corrective recovery from 0.9695 could have completed with three waves up to 0.9975. Initial bias is mildly on the downside this week. Firm break of 0.9803 will confirm this bearish case and target 0.9695 and below. On the upside, though, break of 0.9975 will extend the rebound instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9870; (P) 0.9922; (R1) 0.9957; More…..

Intraday bias in USD/CHF remains on the downside for 0.9803 support. Break will confirm completion of rebound from 0.9695 at 0.9975. The three wave structure of the rebound suggests that 1.0237 is still in progress. Further decline should then be seen to 0.9695 low next. On the upside, above 0.9975 minor resistance will extend the rebound to 1.0014 resistance instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9870; (P) 0.9922; (R1) 0.9957; More…..

USD/CHF’s fall and break of 0.9884 minor support argues that rebound from 0.9695 has completed at 0.9975. The three wave structure suggests that fall from 1.0237 is still in progress. Intraday bias is mildly on the downside for 0.9803 support first. Break will target 0.9695 low next. On the upside, above 0.9975 minor resistance will extend the rebound to 1.0014 resistance instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9899; (P) 0.9925; (R1) 0.9964; More…..

Intraday bias in USD/CHF remains on the upside for 1.0014 resistance. Sustained break there will pave the way to retest 1.0237 high. On the downside, break of 0.9884 minor support will turn bias back to the downside for 0.9803 support instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9899; (P) 0.9925; (R1) 0.9964; More…..

USD/CHF’s break of 0.9951 indicates resumption of rebound from 0.9695. Intraday bias is turned back to the upside for 1.0014 resistance next. Sustained break there will pave the way to retest 1.0237 high. On the downside, break of 0.9884 minor support will turn bias back to the downside for 0.9803 support instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9888; (P) 0.9905; (R1) 0.9920; More…..

Intraday bias in USD/CHF remains neutral but further rise is expected with 0.9874 minor support intact. Break of 0.9951 resistance will resume the rebound from 0.9695 to 1.0014 resistance next. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9888; (P) 0.9905; (R1) 0.9920; More…..

USD/CHF is staying in consolidation and intraday bias remains neutral first. Further rise is expected with 0.9874 minor support intact. Break of 0.9951 resistance will resume the rebound from 0.9695 to 1.0014 resistance next. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9905; (P) 0.9921; (R1) 0.9934; More…..

Intraday bias in USD/CHF remains neutral at this point. Further rise is expected with 0.9874 minor support intact. Break of 0.9951 resistance will resume the rebound from 0.9695 to 1.0014 resistance next. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9905; (P) 0.9921; (R1) 0.9934; More…..

With 4 hour MACD crossed below signal line, intraday bias in USD/CHF is turned neutral first. Further rise is expected with 0.9874 minor support intact. Break of 0.9951 resistance will resume the rebound from 0.9695 to 1.0014 resistance next. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9908; (P) 0.9927; (R1) 0.9954; More…..

No change in USD/CHF’s outlook. Intraday bias remains mildly on the upside or 0.9951 resistance. Break will confirm resumption whole rebound from 0.9695. Next target will be 1.0014 resistance. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9908; (P) 0.9927; (R1) 0.9954; More…..

Intraday bias in USD/CHF remains on the upside for 0.9951 resistance. Break will confirm resumption whole rebound from 0.9695. Next target will be 1.0014 resistance. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Weekly Outlook

USD/CHF’s strong rise last week suggest that pull back from 0.9951 has completed at 0.9803. More importantly, rise from 0.9695 is ready to resume. Initial bias stays on the upside this week. Break of 0.9951 will confirm and target 1.0014 resistance next. On the downside, break of 0.9874 minor support will turn bias back to the downside for 0.9803 support and below.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9863; (P) 0.9890; (R1) 0.9937; More

Intraday bias in USD/CHF remains on the upside for the moment. Rise from 0.9695 is likely in progress. Break of 0.9951 resistance will confirm and target 1.0014 resistance next. On the downside, break of 0.9803 will turn bias to the downside for 0.9695 instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9863; (P) 0.9890; (R1) 0.9937; More

Breach of 0.9908 minor resistance suggests that pull back from 0.9951 has completed at 0.9803. And, rebound from 0.9695 is still in progress. Intraday bias is turned back to the upside for 0.9951 first. Break will target 1.0014 resistance. On the downside, break of 0.9803 will turn bias to the downside for 0.9695 instead.

In the bigger picture, up trend from 0.9186 (2018 low) should have completed at 1.0237 already. Deeper decline would be seen to 61.8% retracement of 0.9186 to 1.0237 at 0.9587 and below. For now, USD/CHF is seen as in long term range pattern between 0.9186 and 1.0342. Hence, we’d pay attention to bottoming signal below 0.9587. However, sustained break of 1.0014 will revive medium term bullishness and turn focus back to 1.0237 high.

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