Daily Pivots: (S1) 0.9031; (P) 0.9087; (R1) 0.9118; More…

USD/CHF’s break of 0.9058 support suggests that the down trend from 1.0146 is finally resuming. Intraday bias is now back on the downside. Sustained break of 38.2% projection of 1.0146 to 0.9058 from 0.9439 at 0.9023 will pave the way to 61.8% projection at 0.8767.On the upside, above 0.9141 minor resistance will delay the bearish case and turn intraday bias neutral again.

In the bigger picture, outlook will stay bearish as long as 0.9439 resistance holds, and fall from 1.1046 (2022 high) is still in progress. Prior rejection by 55 week EMA was a medium term bearish sign. Sustained of 0.9058 will resume such decline towards 0.8756 support (2021 low). But overall, this fall is still as a leg in the long term range pattern from 1.0342 (2016 high). So, downside should be contained by 0.8756 to bring reversal.

Daily Pivots: (S1) 0.9005; (P) 0.9050; (R1) 0.9074; More….

Intraday bias in USD/CHF remains neutral for consolidation below 0.9094. On the downside, break of 55 4H EMA (now at 0.9018) will bring deeper pullback. But downside should be contained by 0.8884 resistance turned support to bring rebound. On the upside, break of 0.9094 will resume larger rise from 0.8332 to 0.9243 key resistance.

In the bigger picture, price actions from 0.8332 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0146 (2022 high). Further rise would be seen as long as 0.8728 support holds. But upside should be limited by 0.9243 resistance, at least on first attempt.

Daily Pivots: (S1) 0.9973; (P) 0.9988; (R1) 1.0002; More…

No change in USD/CHF’s outlook and intraday bias remains neutral first. On the upside, break of 1.0006 minor resistance will argue that the pull back from 1.0128 has completed. Intraday bias will be turned back to the upside for retesting 1.1028. However, on the downside, break of 38.2% retracement of 0.9541 to 1.0128 at 0.9904 will target 0.9848 key support level.

In the bigger picture, the pullback from 1.0067 has completed at 0.9541 already. And rise from 0.9186 is likely resuming. Firm break of 1.0067 will pave the way to retest 1.0342 key resistance. We’d be cautious on strong resistance from there to limit upside to bring another medium term fall to extend long term range trading. However, break of 0.9848 near term support will dampen this view and bring deeper decline back to 0.9541 support and possibly below.

Daily Pivots: (S1) 0.9801; (P) 0.9811; (R1) 0.9833; More…

USD/CHF’s rise from 0.9613 resumed after brief retreat and intraday bias is back on the upside. Focus stays on 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. Decisive break there will add to the case of bullish near term reversal and target 61.8% retracement at 0.9999 next. Nevertheless, rejection by 0.9851, will indicate that fall from 1.0237 is not finished. Break of 0.9741 support will bring retest of 0.9613 low instead.

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 could target 0.9186 (2018 low). 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.

Daily Pivots: (S1) 0.8839; (P) 0.8852; (R1) 0.8866; More….

Intraday bias in USD/CHF remains neutral for the moment and some more sideway trading could be seen. On the upside, decisive break of 0.8925 resistance should confirm short term bottoming at 0.8756. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Though, break of 0.8821 minor support will retain near term bearishness. Intraday bias will be turned back to the downside for retesting 0.8756 low next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9916; (P) 0.9928; (R1) 0.9940; More…

USD/CHF is staying in consolidation from 1.0027 and intraday bias remains neutral first. Further rise is expected as long as 0.9851 support holds. On the upside, break of 0.9970 will bring retest of 1.0027 resistance next. On the downside, though, break of 0.9851 will indicate completion of whole rise from 0.9659 and turn outlook bearish for retesting this low.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9821; (P) 0.9857; (R1) 0.9884; More…

USD/CHF continues to stay in right range above 0.9825 and intraday bias remains neutral first. On the downside, break of 0.9825 will indicate that fall from 1.0056 is correcting whole rise from 0.9186. In that case, deeper decline would be seen to 0.9724 fibonacci level before completion. On the upside, above 0.9982 minor resistance will suggest that the pull back is finished and bring retest of 1.0056.

In the bigger picture, medium term decline from 1.0342 has completed with three waves down to 0.9186. Rise from there is currently viewed as a leg inside the long term range pattern. Hence, while further rally would be seen, we’d be cautious on strong resistance from 1.0342 to limit upside. For now, further rise is expected as long as 38.2% retracement of 0.9186 to 1.0056 at 0.9724 holds.

Daily Pivots: (S1) 0.9764; (P) 0.9780; (R1) 0.9802; More…

Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed below signal line. On the downside, break of 0.9686 minor resistance will suggest completion of rebound from 0.9502. Correction from 0.9901 should have then started the third leg. Intraday bias will be turned back to the downside for 61.8% retracement of 0.9181 to 0.9901 at 0.9456 again. On the upside, above 0.9797 will target 0.9901 high instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Further rise could be seen to retest 1.0237 high. After all, medium term range trading will likely continue between 0.9181/1.0237 for some time.

Daily Pivots: (S1) 0.9021; (P) 0.9052; (R1) 0.9091; More…

USD/CHF’s rally from 0.8818 resumed by breaking through 0.9083. Intraday bias is back on the upside. Current rise is seen as correcting whole down trend from 1.0146. Further rise should then be seen to 38.2% retracement of 1.0146 to 0.8818 at 0.9325. On the downside, below 0.9013 minor support will turn intraday bias neutral first.

In the bigger picture, fall from 1.1046 (2022 high) is seen as a leg in the long term range pattern from 1.0342 (2016 high). So, downside should be contained by 0.8756 to bring reversal. Sustained break of 0.9058 support turned resistance will be the first sign of medium term bottoming. However, decisive break of 0.8756 will carry larger bearish implications.

Daily Pivots: (S1) 0.9713; (P) 0.9741; (R1) 0.9768; More…

USD/CHF edged lower to 0.9700 but fails to sustain below 0.9712 minor support so far. Intraday bias remains neutral first. On the downside, break of 0.9700 minor support should start the third leg of consolidation from 0.9901. Intraday bias will be turned to the downside for 0.9592 support first. In this case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9502 will target a test on 0.9901 high.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.8847; (P) 0.8871; (R1) 0.8893; More….

Intraday bias in USD/CHF remains neutral as consolidation from 0.8851 is still extending. In case of another recovery, upside should be limited by 0.8982 support turned resistance to bring fall resumption. On the downside, break of 0.8851 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8974; (P) 0.8997; (R1) 0.9012; More….

USD/CHF’s retreat from 0.9044 extends lower today but stays above 0.8925 resistance turned support. Intraday bias remains neutral and another rise remains in favor. on the upside, break of 0.9044 will resume the rebound form 0.8756 short term bottom to 38.2% retracement of 0.9901 to 0.8756 at 0.9193. However, firm break of 0.8925 will indicate that the rebound has completed, and bring retest of 0.8756 low..

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9743; (P) 0.9817; (R1) 0.9923; More….

USD/CHF’s rally resumed after brief retreat and intraday bias is back on the upside. Sustained trading above 0.9864 will pave the way to next target at 1.0342 high. For now, outlook will remain bullish as long as 0.9708 support holds, in case of retreat.

In the bigger picture, down trend from 1.0342 (2016 high) should have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 100% projection of 0.8756 to 0.9471 from 0.9149 at 0.9864. Sustained break there will pave the way back to 1.0342 high. This will now remain the favored case as long as 0.9459 resistance turned support holds.

Daily Pivots: (S1) 0.9106; (P) 0.9131; (R1) 0.9172; More…

Intraday bias in USD/CHF remains neutral at this point. Further decline remains in favor as long as 0.9197 resistance holds. Below 0.9087 will bring retest of 0.8998 low first. On the upside, however, break of 0.9197 will extend the corrective pattern from 0.8998 with another rise to 0.9304 resistance and above.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). There is no clear sign of completion yet. On resumption, next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. Nevertheless, strong break of 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9477; (P) 0.9515; (R1) 0.9573; More….

Intraday bias in USD/CHF remains on the upside for the moment. Current rally should target 0.9591 medium term projection level next. On the downside, below 0.9453 minor support will turn intraday bias neutral again and bring consolidations. But overall, further rally will remain in favor as long as 0.9372 resistance turned support holds.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Next target is 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591. Sustained break there will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9149 support holds.

Daily Pivots: (S1) 0.9205; (P) 0.9225; (R1) 0.9255; More….

Further fall is still expected as long as 0.9312 resistance holds. Decline from 0.9367 would target 0.9162 support first. Firm break there will target 0.9017 support next. On the upside, break of 0.9312 support will bring retest of 0.9367 resistance instead.

In the bigger picture, the corrective structure of the rebound from 0.8925 argues that fall from 0.9471 is not completed yet. It could either be the second leg of pattern from 0.8756 (2021 low), or resuming larger down trend from 1.0237 (2018 high). We’d pay attention to the downside momentum of assess the odds later. But for now, medium term outlook will be neutral at best as long as 0.9471 resistance holds.

Daily Pivots: (S1) 0.9048; (P) 0.9084; (R1) 0.9131; More…

Intraday bias in USD/CHF remains neutral at this point. With 0.9118 resistance intact, further decline is expected. On the downside, break of 0.9005 and sustained trading below 38.2% projection of 1.0146 to 0.9058 from 0.9439 at 0.9023 will extend the down trend from 1.0146 to 61.8% projection at 0.8767. However, firm break of 0.9118 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

In the bigger picture, outlook will stay bearish as long as 0.9439 resistance holds, and fall from 1.1046 (2022 high) is still in progress. Prior rejection by 55 week EMA was a medium term bearish sign. Sustained of 0.9058 will resume such decline towards 0.8756 support (2021 low). But overall, this fall is still as a leg in the long term range pattern from 1.0342 (2016 high). So, downside should be contained by 0.8756 to bring reversal.

Daily Pivots: (S1) 0.8599; (P) 0.8625; (R1) 0.8654; More….

Further decline is expected in USD/CHF as long as 0.8710 resistance holds. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On the upside, however, break of 0.8710 will indicate short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, price actions from 0.8551 are currently seen as a corrective pattern to the decline from 1.0146 (2022 high). Fall from 0.9243 is seen as the second leg for now. Strong support should be seen 0.8551 to bring rebound. Meanwhile, break of 0.9111 resistance will argue that the third leg has started already, and target 0.9243.

Daily Pivots: (S1) 0.9953; (P) 0.9972; (R1) 0.9986; More…

USD/CHF is staying in consolidation from 1.0027. Intraday bias remains neutral first and more sideway trading could be seen. But still, further rise is expected as long as 0.9843 support holds. On the upside, break of 1.0027 will target 78.6% retracement of 1.0237 to 0.9659 at 1.0113 next. Break will target retest on 1.0237 high.

In the bigger picture, corrective fall from 1.0237 should have completed at 0.9659 already, ahead of 61.8% retracement of 0.9186 to 1.0237 at 0.9587. But decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, medium term outlook will stay neutral first. Meanwhile, break of 0.9695 support will extend the correction to 0.9541 support instead.

Daily Pivots: (S1) 0.9681; (P) 0.9695; (R1) 0.9706; More…..

Intraday bias in USD/CHF remains neutral for consolidation from 0.9651 temporary low. Stronger recovery might be seen. But upside should be limited by 0.9775 minor resistance to bring another fall. On the downside, break of 0.9651 will extend the fall from 1.0067 and target 200% projection of 1.0067 to 0.9866 from 0.9981 at 0.8579 next.

In the bigger picture, current development suggests that rise from 0.9186 low has completed at 1.0067, after failing to sustain above 1.0037 resistance. Fall from 1.0067 could extend to 61.8% retracement of 0.9816 to 1.0067 at 0.9523 and below. But for now, we don’t expect a break of 0.9186 low. On the upside, firm break of 0.9866 support turned resistance will suggests that fall from 1.0067 has completed and rise from 0.9186 is resuming.