USD/CHF rose to 0.8123 last week but retreated after hitting 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Initial bias remains neutral this week first. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. ON the upside, above 0.8123 will resume the rebound to 138.2% projection at 0.8213.

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 0.8332 support turned resistance holds (2023 low).

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 downtrend. But in either case, outlook will stay bearish as long as 0.8756 support turned resistance holds (2021 low). Retest of 0.7065 should be seen next.

Daily Pivots: (S1) 0.8045; (P) 0.8076; (R1) 0.8092; More…

Intraday bias in USD/CHF remains on neutral for the moment. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8007) will argue that the corrective bounce has completed and bring retest of 0.7828 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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8045; (P) 0.8076; (R1) 0.8092; More…

USD/CHF is staying in consolidations and intraday bias remains neutral. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8007) will argue that the corrective bounce has completed and bring retest of 0.7828 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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8079; (P) 0.8102; (R1) 0.8124; More…

Intraday bias in USD/CHF remains neutral for consolidations below 0.8123 temporary top. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8038) will argue that the corrective bounce has completed and bring retest of 0.7828 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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8079; (P) 0.8102; (R1) 0.8124; More…

A temporary top was formed at 0.8123 after USD/CHF hit 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Intraday bias is turned neutral first. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. On the downside, sustained break of 55 D EMA (now at 0.8002) will argue that the corrective bounce has completed and bring retest of 0.7828 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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8078; (P) 0.8094; (R1) 0.8120; More…

Intraday bias in USD/CHF remains on the upside for 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Break there will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. On the downside, break of 0.8066 minor support will suggest that deeper pullback might be underway, and turn bias to the downside for 55 4H EMA (now at 0.8025).

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8078; (P) 0.8094; (R1) 0.8120; More…

There is no clear sign of topping in USD/CHF yet despite loss of momentum as seen in 4H MACD> Further rise would be seen to 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Break there will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. Nevertheless, break of 0.8066 will turn bias to the downside for 55 4H EMA (now at 0.8022).

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8045; (P) 0.8069; (R1) 0.8104; More…

USD/CHF’s rally is still in progress and intraday bias stays on the upside for 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Break there will extend the corrective rally from 0.7828 to 138.2% projections at 0.8213. On the downside, below 0.8037 minor support will turn intraday bias neutral.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8045; (P) 0.8069; (R1) 0.8104; More…

Intraday bias in USD/CHF remains on the upside for the moment. Price actions from 0.7828 are seen as a corrective pattern in its third leg. Next target is 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Break there will target 138.2% projections at 0.8213. On the downside, below 0.8037 minor support will turn intraday bias neutral.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8019; (P) 0.8037; (R1) 0.8064; More…

USD/CHF’s rally continues today and intraday bias stays on the upside. Corrective pattern from 0.7828 is in the third leg. Next target is 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Break there will target 138.2% projections at 0.8213. On the downside, below 0.8033 minor support will turn intraday bias neutral.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.8019; (P) 0.8037; (R1) 0.8064; More…

Intraday bias in USD/CHF stays on the upside at this point. Corrective pattern from 0.7828 is still extending. Break of 0.8075 will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. On the downside, below 0.8008 minor support will turn intraday bias neutral.

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 0.8332 support turned resistance holds (2023 low).

USD/CHF’s extended rebound last week suggests that corrective pattern from 0.7828 is not complete. Instead, it’s now extending with a third leg. Initial bias stays on the upside this week for 0.8075 resistance first. Break there will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. On the downside, below 0.8008 minor support will turn intraday bias neutral.

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 0.8332 support turned resistance holds (2023 low).

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 downtrend. But in either case, outlook will stay bearish as long as 0.8756 support turned resistance holds (2021 low). Retest of 0.7065 should be seen next.

Daily Pivots: (S1) 0.7984; (P) 0.8011; (R1) 0.8045; More…

No change in USD/CHF’s outlook and intraday bias remains on the upside. Corrective pattern from 0.7878 is in its third leg. Further rise should be seen to 0.8075 resistance. Firm break there will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. On the downside, below 0.8008 minor support will turn intraday bias neutral 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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7984; (P) 0.8011; (R1) 0.8045; More…

Intraday bias in USD/CHF remains on the upside for the moment. Corrective pattern from 0.7878 is in its third leg. Further rise should be seen to 0.8075 resistance. Firm break there will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. On the downside, below 0.7974 minor support will turn intraday bias neutral 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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7943; (P) 0.7981; (R1) 0.8037; More…

Intraday bias in USD/CHF remains on the upside at this point. Current development suggest that corrective pattern from 0.7878 is extending with another rising leg. Further rise should be seen to 0.8075 resistance. Firm break there will target 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. For now, risk will be mildly on the upside as long as 0.7924 support holds, in case of retreat.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7943; (P) 0.7981; (R1) 0.8037; More…

USD/CHF’s rebound from 0.7872 resumed higher and the development suggests that corrective pattern from 0.7878 is extending with another rising leg. Intraday bias is back on the upside for 0.8075 resistance first. For now, risk will be mildly on the upside as long as 0.7924 support holds, in case of retreat.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7917; (P) 0.7942; (R1) 0.7959; More…

Intraday bias in USD/CHF stays neutral as sideway trading continues. On the downside, below 0.7913 will turn bias to the downside for 0.7872 support, and then 0.7828 low. However, firm break of 0.7984 will suggest that corrective pattern from 0.7828 is extending with another rising leg, and target 0.8075 again.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7917; (P) 0.7942; (R1) 0.7959; More…

Range trading continues in USD/CHF and intraday bias stays neutral at this point. On the downside, below 0.7913 will turn bias to the downside for 0.7872 support, and then 0.7828 low. However, firm break of 0.7984 will suggest that corrective pattern from 0.7828 is extending with another rising leg, and target 0.8075 again.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7942; (P) 0.7957; (R1) 0.7970; More…

USD/CHF is still bounded in range and intraday bias remains neutral. On the downside, below 0.7913 will turn bias to the downside for 0.7872 support, and then 0.7828 low. However, firm break of 0.7984 will suggest that corrective pattern from 0.7828 is extending with another rising leg, and target 0.8075 again.

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 0.8332 support turned resistance holds (2023 low).

Daily Pivots: (S1) 0.7942; (P) 0.7957; (R1) 0.7970; More…

USD/CHF dips mildly today but stays in established range. Intraday bias stays neutral and deeper decline is still in favor with 0.7984 resistance intact. On the downside, below 0.7913 will turn bias to the downside for 0.7872 support, and then 0.7828 low. However, firm break of 0.7984 will suggest that corrective pattern from 0.7828 is extending with another rising leg, and target 0.8075 again.

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 0.8332 support turned resistance holds (2023 low).