Tue, Oct 26, 2021 @ 04:58 GMT

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9265; (P) 0.9284; (R1) 0.9311; More….

Intraday bias in USD/CHF remains neutral as consolidation from 0.9331 is still extending. Overall, further rally is expected as long as 0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9265; (P) 0.9284; (R1) 0.9311; More….

USD/CHF is still bounded in consolidation from 0.9331 and intraday bias remains neutral at this point. Overall, further rally is expected as long as 0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9236; (P) 0.9264; (R1) 0.9285; More….

Intraday bias in USD/CHF stays neutral as it’s still bounded in consolidation from 0.9331 is extending. Overall, further rally is expected as long as 0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9236; (P) 0.9264; (R1) 0.9285; More….

Intraday bias in USD/CHF remains neutral as consolidation from 0.9331 is extending. Overall, further rally is expected as long as 0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9224; (P) 0.9243; (R1) 0.9262; More….

Sideway trading continues in USD/CHF and intraday bias remains neutral for the moment. Further rally is expected as long as 0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9224; (P) 0.9243; (R1) 0.9262; More….

Intraday bias in USD/CHF remains neutral as consolidation from 0.9331 is extending. Further rally is expected as long as 0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Weekly Outlook

USD/CHF stays in consolidation below 0.9331 last week and outlook is unchanged. Initial bias remains neutral this week first. Overall, further rally is expected as long a s0.9162 support holds. On the upside, break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9217; (P) 0.9246; (R1) 0.9273; More….

USD/CHF is still bounded in consolidation below 0.9331 and intraday bias stays neutral for the moment. Rises from 0.9017 and 0.8925 are in favor to continue as long as 0.9162 support holds. On the upside, break of 0.9331 resistance will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9229; (P) 0.9251; (R1) 0.9286; More….

Consolidations continues in USD/CHF below 0.9331 and intraday bias remains neutral first. Rises from 0.9017 and 0.8925 are in favor to continue as long as 0.9162 support holds. On the upside, break of 0.9331 resistance will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9229; (P) 0.9251; (R1) 0.9286; More….

Intraday bias in USD/CHF remains neutral at this point, as consolidation from 0.9331 might extend further. Rises from 0.9017 and 0.8925 are in favor to continue as long as 0.9162 support holds. On the upside, break of 0.9331 resistance will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9213; (P) 0.9248; (R1) 0.9272; More….

Outlook in USD/CHF is unchanged and intraday bias stays neutral for consolidation form 0.9331. Further rise will remain in favor as long as 0.9162 support holds. On the upside, break of 0.9331 resistance will resume the rise from 0.8925 to 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9213; (P) 0.9248; (R1) 0.9272; More….

Intraday bias in USD/CHF stays neutral first as consolidation from 0.9331 is extending. Further rise will remain in favor as long as 0.9162 support holds. On the upside, break of 0.9331 resistance will resume the rise from 0.8925 to 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9254; (P) 0.9294; (R1) 0.9316; More….

USD/CHF’s fall from 0.9331 extends lower today but stays above 0.9162 support. Intraday bias remains neutral first and another rise is still in favor. Rise from 0.8925 is in progress and break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However,m break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9254; (P) 0.9294; (R1) 0.9316; More….

Intraday bias in USD/CHF remains neutral for consolidation below 0.9331 temporary top. Further rally will remain in favor as long a s0.9162 support holds. Rise from 0.8925 is in progress and break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9280; (P) 0.9303; (R1) 0.9345; More….

Intraday bias in USD/CHF is turned neutral with today’s retreat, and some consolidations could be seen. But further rally will remain in favor as long as 0.9162 support holds. Rise form 0.8925 is in progress and break of 0.9331 will target 0.9471 key resistance. Sustained break there will carry larger bullish implications.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9280; (P) 0.9303; (R1) 0.9345; More….

Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8925 is in progress for retesting 0.9471 key resistance. Sustained break there will carry larger bullish implications. On the downside, though, below 0.9258 minor support will turn intraday bias neutral and bring some consolidations first.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

USD/CHF Weekly Outlook

USD/CHF’s strong rally and break of 0.9273 last week confirms resumption of rise from 0.8925. Initial bias is now on the upside this week for 0.9471 resistance. Sustained break there will carry larger bullish implications. On the downside, though, below 0.9258 minor support will turn intraday bias neutral and bring some consolidations first.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9182) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9221; (P) 0.9249; (R1) 0.9307; More….

Sustained break of 0.9273 resistance confirms resumption of whole rise from 0.8925. Intraday bias remains on the upside for 0.9471 resistance next. Decisive break there will carry larger bullish implications. On the downside, below 0.9258 minor support will turn intraday bias neutral first, before staging another rally.

In the bigger picture, USD/CHF is still struggling around 55 week EMA (now at 0.9178) and outlook is mixed for now. Confirmed rejection by the 55 week EMA will retain medium term bearishness. That is, larger fall from 1.0342 would resume through 0.8756 low at a later stage. However, sustained trading above 55 week EMA will tilt favor to the case of bullish reversal. Focus would then be turned to 0.9471 resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9221; (P) 0.9249; (R1) 0.9307; More….

Intraday bias in USD/CHF remains on the upside at this point. Sustained break of 0.9273 resistance will resume whole rise from 0.8925 for 0.9471 key resistance next. On the downside, however, break of 0.9162 support will turn bias neutral and mix up the near term outlook again.

In the bigger picture, USD/CHF is still struggling around 55 week EMA (now at 0.9178) and outlook is mixed for now. Confirmed rejection by the 55 week EMA will retain medium term bearishness. That is, larger fall from 1.0342 would resume through 0.8756 low at a later stage. However, sustained trading above 55 week EMA will tilt favor to the case of bullish reversal. Focus would then be turned to 0.9471 resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9173; (P) 0.9189; (R1) 0.9215; More….

Intraday bias in USD/CHF is back on the upside with break of 0.9241 resistance. Focus is now on 0.9273, and firm break there will resume whole rise from 0.8925 for 0.9471 key resistance next. On the downside, however, break of 0.9162 support will turn bias neutral and mix up the near term outlook again.

In the bigger picture, USD/CHF is still struggling around 55 week EMA (now at 0.9178) and outlook is mixed for now. Confirmed rejection by the 55 week EMA will retain medium term bearishness. That is, larger fall from 1.0342 would resume through 0.8756 low at a later stage. However, sustained trading above 55 week EMA will tilt favor to the case of bullish reversal. Focus would then be turned to 0.9471 resistance for confirmation.