Sun, Mar 29, 2020 @ 22:22 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9436; (P) 0.9502; (R1) 0.9582; More

USD/CHF’s breach of 0.9411 minor support suggests that corrective rebound form 0.9181 has completed at 0.9568 already. Intraday bias is turned back to the downside for retesting 0.9181/6 key support zone. On the upside, however, sustained break of 0.9613 support turned resistance will indicate bullish reversal and target 0.9484 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, further fall could be seen to 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range pattern, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9436; (P) 0.9502; (R1) 0.9582; More

With 0.9411 minor support intact, further rise is in favor in USD/JPY. But at this point, we’re still seeing rebound from 0.9181 as a corrective move. Hence, upside should be limited by 0.9613 support turned resistance. Below 0.9411 minor support will turn bias to the downside for retesting 0.9181 low. However, sustained break of 0.9613 will indicate bullish reversal and target 0.9484 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, further fall could be seen to 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range pattern, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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USD/CHF Weekly Outlook

USD/CHF dropped to as low as 0.9181 last week but rebounded strongly after hitting 0.9186 key support. At this point, we’re still seeing rebound from 0.9181 as a corrective move. Hence, upside should be limited by 0.9613 support turned resistance. Below 0.9411 minor support will turn bias to the downside for retesting 0.9181 low. . However, sustained break of 0.9613 will indicate bullish reversal and target 0.9484 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, further fall could be seen to 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range pattern, towards resistance zone of 1.0237 and 1.0342 (2016 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) 0.9329; (P) 0.9441; (R1) 0.9559; More

USD/CHF’s rebound form 0.9181 is still in progress, but we’d still expect strong resistance from 0.9613, and 61.8% retracement of 0.9484 to 0.9181 at 0.9593 to limit upside. Break of 0.9321 minor support will turn bias to the downside to bring retest of 0.9181 low. Break will resume larger down trend from 1.0237. However, sustained break of 0.9613 will indicate bullish reversal and target 0.9484 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, for 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range patter, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9329; (P) 0.9441; (R1) 0.9559; More

USD/CHF’s corrective rebound from 0.9181 is stronger than expected. Though, we’d still expect strong resistance from 0.9613, and 61.8% retracement of 0.9484 to 0.9181 at 0.9593. On the downside, break of 0.9321 minor support will turn bias to the downside to bring retest of 0.9181 low. Break till resume larger down trend from 1.0237. However, sustained break of 0.9613 will indicate bullish reversal and target 0.9484 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). As long as 0.9613 support turned resistance holds, for 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. However, firm break of 0.9613 will suggest that 0.9186 key support (2018 low) was defended. USD/CHF should have then started another rising leg in the long term range patter, towards resistance zone of 1.0237 and 1.0342 (2016 high).

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9336; (P) 0.9369; (R1) 0.9414; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9181 continues. Upside of recovery should be limited by 38.2% retracement of 0.9484 to 0.9181 at 0.9436 down trend resumption. On the downside, break of 0.9181 will target 200% projection of 1.0023 to 0.9613 from 0.9848 at 0.9028 next. However, firm break of 0.9436 will bring stronger rebound to 61.8% retracement at 0.9593.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9336; (P) 0.9369; (R1) 0.9414; More

USD/CHF is staying in consolidation from 0.9181 and intraday bias remains neutral. Upside of recovery should be limited by 38.2% retracement of 0.9484 to 0.9181 at 0.9436 down trend resumption. On the downside, break of 0.9181 will target 200% projection of 1.0023 to 0.9613 from 0.9848 at 0.9028 next.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9174; (P) 0.9258; (R1) 0.9333; More

Intraday bias in USD/CHF remains neutral as consolidation from 0.9181 is in progress. Upside of recovery should be limited by 38.2% retracement of 0.9484 to 0.9181 at 0.9436 down trend resumption. On the downside, break of 0.9181 will target 200% projection of 1.0023 to 0.9613 from 0.9848 at 0.9028 next.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9174; (P) 0.9258; (R1) 0.9333; More

USD/CHF is staying in consolidation from 0.9181 and intraday bias remains neutral first. Upside of recovery should be limited by 38.2% retracement of 0.9484 to 0.9181 at 0.9436 down trend resumption. On the downside, break of 0.9181 will target 200% projection of 1.0023 to 0.9613 from 0.9848 at 0.9028 next.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9174; (P) 0.9258; (R1) 0.9333; More

Intraday bias in USD/CHF remains neutral for consolidation above 0.9181 temporary low. Upside should be limited by 38.2% retracement of 0.9484 to 0.9181 at 0.9436 down trend resumption. On the downside, break of 0.9181 will target 200% projection of 1.0023 to 0.9613 from 0.9848 at 0.9028 next.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9174; (P) 0.9258; (R1) 0.9333; More

With 4 hour MACD crossed above signal line, a temporary low should be formed at 0.9181 in USD/CHF. Intraday bias is turned neutral for consolidations first. But upside of recovery should be limited well below 0.9613 support turned resistance to bring fall resumption. On the downside, break of 0.9181 will target 200% projection of 1.0023 to 0.9613 from 0.9848 at 0.9028 next.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9306; (P) 0.9387; (R1) 0.9455; More

Intraday bias in USD/CHF remains on the downside at this point. Sustained break of 161.8% projection of 1.0023 to 0.9613 from 0.9848 at 0.9185 will pave the way to 200% projection at 0.9028 next. On the upside, above 0.9390 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9306; (P) 0.9387; (R1) 0.9455; More

USD/CHF’s decline accelerates further today and hits as low as 0.9181 so far. 161.8% projection of 1.0023 to 0.9613 from 0.9848 at 0.9185 is already met and there is no sign of bottoming yet. Intraday bias remains on the downside. Sustained break of 0.9185 will pave the way to 200% projection at 0.9028 next. On the upside, above 0.9390 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall.

In the bigger picture, current development suggests that decline from 1.0237 is the third leg of the pattern from 1.0342 (2016 high). Focus will be on 100% projection 1.0342 to 0.9186 from 1.0237 at 0.9081. Sustained break there will argue that USD/CHF is in a long term down trend, which would target 138.2% projection at 0.8639 next. For now, outlook will remain bearish as long as 0.9613 support turned resistance holds, in case of rebound.

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USD/CHF Weekly Outlook

USD/CHF’s decline accelerated to as low as 0.9318 last week, without any sign of bottoming. Initial bias remains on the downside this week for 161.8% projection of 1.0023 to 0.9613 from 0.9848 at 0.9185, which is close to 0.9186 long term support. On the upside, above 0.9437 minor resistance will turn intraday bias neutral and bring consolidation first, before staging another fall.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline should target 0.9186 (2018 low) and below. This will remain the favored case as long as 0.9613 support turned resistance holds.

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) 0.9408; (P) 0.9491; (R1) 0.9535; More

USD/CHF’s fall accelerates to as low as 0.9318 so far. 100% projection of 1.0023 to 0.9613 from 0.9848 at 0.9438 is taken out without any hesitation. Intraday bias remains on the downside for 161.8% projection at 0.9185, which is close to 0.9186 long term support. On the upside, above 0.9437 minor resistance will turn intraday bias neutral and bring consolidation first, before staging another fall.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline should target 0.9186 (2018 low) and below. This will remain the favored case as long as 0.9613 support turned resistance holds.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9408; (P) 0.9491; (R1) 0.9535; More

USD/CHF’s decline continues today and hit 100% projection of 1.0023 to 0.9613 from 0.9848 at 0.9438. There is no sign of bottoming yet. Sustained break of 0.9438 will pave the way to 161.8% projection at 0.9185, which is close to 0.9186 long term support. On the upside, break of 0.9597 resistance is needed to signal short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline could target 0.9186 (2018 low) and below. In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9538; (P) 0.9567; (R1) 0.9602; More

USD/CHF’s fall resumes after brief consolidation and breaks 0.9515 temporary low. Intraday bias is back on the downside. Current decline from 1.0237 should target 100% projection of 1.0023 to 0.9613 from 0.9848 at 0.9438. On the upside, break of 0.9597 minor resistance will turn bias neutral and bring consolidation again.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline could target 0.9186 (2018 low) and below. In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9538; (P) 0.9567; (R1) 0.9602; More

USD/CHF is staying in consolidation from 0.9515 temporary low and intraday bias remains neutral. Upside of recovery should be limited by 4 hour 55 EMA (now at 0.9657) to bring fall resumption. On the downside, break of 0.9151 will extend larger fall from 1.0237 to 100% projection of 1.0023 to 0.9613 from 0.9848 at 0.9438.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline could target 0.9186 (2018 low) and below. In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9520; (P) 0.9558; (R1) 0.9601; More

Intraday bias in USD/CHF remains neutral for consolidation above 0.9515 temporary low. Upside of recovery should be limited by 4 hour 55 EMA (now at 0.9671) to bring fall resumption. On the downside, break of 0.9151 will extend larger fall from 1.0237 to 100% projection of 1.0023 to 0.9613 from 0.9848 at 0.9438.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline could target 0.9186 (2018 low) and below. In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9520; (P) 0.9558; (R1) 0.9601; More

A temporary low is in place at 0.9515 in USD/CHF with current recovery. Intraday bias in turned neutral for some consolidations first. Upside of recovery should be limited by 4 hour 55 EMA (now at 0.9681) to bring fall resumption. On the downside, break of 0.9151 will extend larger fall from 1.0237 to 100% projection of 1.0023 to 0.9613 from 0.9848 at 0.9438.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying sideway trading started from 1.0342 (2016 high). Fall from 1.0237 is a leg inside the pattern and rejection by 55 week EMA affirms bearishness. Such decline could target 0.9186 (2018 low) and below. In case of another rise, break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall.

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