Sun, Aug 07, 2022 @ 23:06 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9575; (P) 0.9640; (R1) 0.9679; More

Outlook in USD/CHF is unchanged and intraday bias stays on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Deeper decline would be seen to 0.9493 support. On the upside, though, above 0.9738 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. On resumption, next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9575; (P) 0.9640; (R1) 0.9679; More

Intraday bias in USD/CHF remains on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Deeper decline would be seen to 0.9493 support. On the upside, though, above 0.9738 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. On resumption, next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9884 extended lower last week and outlook is unchanged. Such decline is seen as a falling leg of the consolidation from 1.0063. Initial bias stays on the downside for 0.9493 support. On the upside, though, above 0.9738 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. On resumption, next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

In the long term picture, current development argues that the correction from 1.0342 (2016 high) has completed at 0.8756 (2020 low) already. Rise from 0.7065 (2011 low) might be ready to resume. Firm break of 1.0342 will confirm and target 38.2% retracement of 1.8305 (2000 high) to 0.7065 at 1.1359.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9641; (P) 0.9690; (R1) 0.9716; More

USD/CHF’s fall from 0.9884 resumes after brief recovery and intraday bias is back on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Next target is 0.9493 support. On the upside, though, above 0.9738 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9641; (P) 0.9690; (R1) 0.9716; More

Intraday bias in USD/CHF stays neutral at this point. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Below 0.9652 will target 0.9493 support. On the upside, though, above 0.9788 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9679; (P) 0.9708; (R1) 0.9739; More

Intraday bias in USD/CHF remains neutral for the moment. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Below 0.9652 will target 0.9493 support. On the upside, though, above 0.9788 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9679; (P) 0.9708; (R1) 0.9739; More

Intraday bias in USD/CHF is turned neutral with current recovery. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Below 0.9652 will target 0.9493 support. On the upside, though, above 0.9788 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More

USD/CHF’s fall form 0.9884 is still in progress and intraday bias remains on the downside. Such decline is seen as a falling leg of the consolidation from 1.0063. Sustained trading below 55 day EMA (now at 0.9681) will target 0.9493 support again. On the upside, above 0.9788 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More

Intraday bias in USD/CHF remains on the downside and outlook is unchanged. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Sustained trading below 55 day EMA (now at 0.9681) will target 0.9493 support again. On the upside, above 0.9788 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More

Intraday bias in USD/CHF stays on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Sustained trading below 55 day EMA (now at 0.9682) will target 0.9493 support again. On the upside, above 0.9788 minor resistance will turn bias back to the upside for 0.9884 resistance.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More

Intraday bias in USD/CHF remains mildly on the downside at this point. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Deeper decline would be seen to 55 day EMA (now at 0.9682). Firm break there will target 0.9493 support again. On the upside, above 0.9884 will resume the rebound to retest 1.0063 high.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9731; (P) 0.9789; (R1) 0.9818; More

Intraday bias in USD/CHF stays mildly on the downside. It’s in another falling leg of the the consolidation from 1.0063. Deeper decline would be seen to 55 day EMA (now at 0.9680). Firm break there will target 0.9493 support again. On the upside, above 0.9884 will resume the rebound to retest 1.0063 high.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9731; (P) 0.9789; (R1) 0.9818; More

USD/CHF’s break of 0.9754 minor support argues that rebound from 0.9493 is complete at 0.9884. Consolidation from 1.0063 is extending with another falling leg. Intraday bias is back on the downside for 55 day EMA (now at 0.9680). Firm break there will target 0.9493 support again. on the upside, above 0.9884 will resume the rebound to retest 1.0063 high.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9884 last week but retreated again. Initial bias is neutral this week first. On the downside, break of 0.9754 minor support will argue that corrective pattern from 1.0063 is extending with another falling leg. Intraday bias will be on the downside for 0.9493 support. On the upside, break of 0.9884 will resume the rise from 0.9493 to retest 1.0063 high.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

In the long term picture, current development argues that the correction from 1.0342 (2016 high) has completed at 0.8756 (2020 low) already. Rise from 0.7065 (2011 low) might be ready to resume. Firm break of 1.0342 will confirm and target 38.2% retracement of 1.8305 (2000 high) to 0.7065 at 1.1359.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9783; (P) 0.9834; (R1) 0.9891; More

Intraday bias in USD/CHF is turned neutral with current retreat. Some consolidations could be seen first. On the upside, above 0.9884 will extend the rise from 0.9493 to t 1.0063 high. Decisive break there will resume larger up trend. On the downside, break of 0.9754 will turn bias back to the downside for 0.9493 support.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9783; (P) 0.9834; (R1) 0.9891; More

Further rise is expected in USD/CHF as long as 0.9754 minor support holds. Rise from 0.9493 should target 1.0063 high. Decisive break there will resume larger up trend. On the downside, break of 0.9754 will dampen the bullish view and turn bias neutral again first.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9752; (P) 0.9794; (R1) 0.9830; More

USD/CHF’s rise resumed after brief retreat and intraday bias remains on the upside for retesting 1.0063 high. Decisive break there will resume larger up trend. On the downside, break of 0.9754 will dampen the bullish view and turn bias neutral again first.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9752; (P) 0.9794; (R1) 0.9830; More

Intraday bias in USD/CHF remains neutral first and further rally is expected with 0.9680 minor support intact. Consolidation pattern from 1.0063 should have completed with three waves down to 0.9493 already. Further rise would be seen to retest 1.0063 high first. Decisive break there will resume larger up trend. On the downside, break of 0.9670 minor support will dampen this bullish view and bias back to the downside for 0.9493 support instead.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9794; (P) 0.9827; (R1) 0.9849; More

Intraday bias in USD/CHF is turned neutral first, but further rise is expected as long as 0.9680 minor support holds. . Consolidation pattern from 1.0063 should have completed with three waves down to 0.9493 already. Further rise would be seen to retest 1.0063 high first. Decisive break there will resume larger up trend. On the downside, break of 0.9670 minor support will dampen this bullish view and bias back to the downside for 0.9493 support instead.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9794; (P) 0.9827; (R1) 0.9849; More

Further rally is expected in USD/CHF with 0.9721 minor support intact. Consolidation pattern from 1.0063 should have completed with three waves down to 0.9493 already. Further rise would be seen to retest 1.0063 high first. Decisive break there will resume larger up trend. On the downside, break of 0.9670 minor support will dampen this bullish view and turn intraday bias neutral first.

In the bigger picture, medium term up trend from 0.8756 (2021 low) is still in progress. Next target is 1.0342 (2016 high). Sustained break there will resume long term up trend from 0.7065 (2011 low). This will remain the favored case as long as 0.9471 resistance turned support holds.