Daily Pivots: (S1) 0.9237; (P) 0.9254; (R1) 0.9273; More….

Intraday bias in USD/CHF is turned neutral with current retreat, and with 4 hour MACD crossed below signal line. Further rally remains in favor as long as 0.9141 support holds. On the upside, sustained break of 61.8% retracement of 0.9471 to 0.8925 at 0.9262 will pave the way to retest 0.9471 resistance.

In the bigger picture, medium term outlook is currently neutral with focus on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high. But, rejection by 0.9471 again will revive bearishness for another fall through 0.8756 low.

Daily Pivots: (S1) 0.9237; (P) 0.9254; (R1) 0.9273; More….

Intraday bias in USD/CHF remains on the upside as rise from 0.8925 is still in progress Sustained break of 61.8% retracement of 0.9471 to 0.8925 at 0.9262 will pave the way to retest 0.9471 resistance. On the downside, break of 0.9141 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, medium term outlook is currently neutral with focus on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high. But, rejection by 0.9471 again will revive bearishness for another fall through 0.8756 low.

Daily Pivots: (S1) 0.9217; (P) 0.9240; (R1) 0.9273; More….

Intraday bias remains mildly on the upside at this point. Sustained break of 61.8% retracement of 0.9471 to 0.8925 at 0.9262 will pave the way to retest 0.9471 resistance. On the downside, break of 0.9141 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, medium term outlook is currently neutral with focus on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high. But, rejection by 0.9471 again will revive bearishness for another fall through 0.8756 low.

Daily Pivots: (S1) 0.9217; (P) 0.9240; (R1) 0.9273; More….

Intraday bias in USD/CHF remains on the upside for the moment Sustained break of 61.8% retracement of 0.9471 to 0.8925 at 0.9262 will pave the way to retest 0.9471 resistance. On the downside, break of 0.9141 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, medium term outlook is currently neutral with focus on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high. But, rejection by 0.9471 again will revive bearishness for another fall through 0.8756 low.

Daily Pivots: (S1) 0.9190; (P) 0.9212; (R1) 0.9233; More….

USD/CHF’s break of 0.9237 suggests resumption of rise from 0.8925. Intraday bias is back on the upside for 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, break of 0.9141 minor support will turn bias to the downside for retesting 0.8925 low instead.

In the bigger picture, medium term outlook is currently neutral with focus on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high. But, rejection by 0.9471 again will revive bearishness for another fall through 0.8756 low.

Daily Pivots: (S1) 0.9190; (P) 0.9212; (R1) 0.9233; More….

USD/CHF is still bounded in range below 0.9237 and intraday bias remains neutral first. On the upside, break of 0.9237 will resume the rise from 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, break of 0.9141 minor support will turn bias to the downside for retesting 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9173; (P) 0.9194; (R1) 0.9221; More….

Intraday bias in USD/CHF stays neutral first, with focus on 0.9237 resistance. Break there will resume the rise from 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, break of 0.9141 minor support will turn bias to the downside for retesting 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9173; (P) 0.9194; (R1) 0.9221; More….

Intraday bias in USD/CHF remains neutral at this point. On the upside, break of 0.9237 will resume the rise from 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, break of 0.9141 minor support will turn bias to the downside for retesting 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9147; (P) 0.9165; (R1) 0.9187; More….

USD/CHF rebounds notably today but stays below 0.9237 temporary top. Intraday bias remains neutral first. On the upside, break of 0.9237 will resume the rise from 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9144) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9147; (P) 0.9165; (R1) 0.9187; More….

Intraday bias in USD/CHF remains neutral at this point. On the upside, break of 0.9237 will resume the rise from 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9143) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

USD/CHF retreated last week but downside was contained by 4 hour 55 EMA so far. Initial bias remains neutral this week first. . On the upside, break of 0.9237 will resume the rise from 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9137) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

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.

Daily Pivots: (S1) 0.9170; (P) 0.9185; (R1) 0.9196; More….

USD/CHF drops slightly today but stays above 4 hour 55 EMA (now at 0.9136). Intraday bias remains neutral first. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9136) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9170; (P) 0.9185; (R1) 0.9196; More….

Intraday bias in USD/CHF stays neutral as consolidation from 0.9237 is still extending. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9135) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9157; (P) 0.9179; (R1) 0.9203; More….

Intraday bias in USD/CHF remains neutral at this point. Some more consolidations could be seen below 0.9237 temporary top. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9129) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9157; (P) 0.9179; (R1) 0.9203; More….

Intraday bias in USD/CHF remains neutral for consolidation below 0.9237 temporary top. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9125) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9167; (P) 0.9190; (R1) 0.9207; More….

USD/CHF is staying in consolidation from 0.9237 and intraday bias remains neutral first. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9115) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9167; (P) 0.9190; (R1) 0.9207; More….

Intraday bias in USD/CHF remains neutral as consolidation form 0.9237 in in progress. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9111) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9158; (P) 0.9198; (R1) 0.9219; More….

USD/CHF is staying in consolidation from 0.9237 and intraday bias remains neutral at this point. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9096) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9158; (P) 0.9198; (R1) 0.9219; More….

Intraday bias in USD/CHF remains neutral for consolidation below 0.9237 temporary top first. On the upside, break of 0.9237 will resume the rise form 0.8925 to 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. On the downside, however, sustained break of 4 hour 55 EMA (now at 0.9092) will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.

Daily Pivots: (S1) 0.9190; (P) 0.9214; (R1) 0.9260; More….

A temporary top is formed at 0.9237 in USD/CHF with current retreat and intraday bias is turned neutral first. Further rally is expected as long as 4 hour 55 EMA (now at 0.9073) holds. On the upside, above 0.9237 will target 61.8% retracement of 0.9471 to 0.8925 at 0.9262. Sustained break there will pave the way to retest 0.9471 resistance. Though, firm break of 4 hour 55 EMA will bring retest of 0.8925 low instead.

In the bigger picture, medium term bearishness is neutralized by strong break of 55 week EMA. Focus is back on 0.9471 resistance. Sustained break there will indicate completion of whole decline from 1.0342 (2016 high). Medium term outlook will be turned bullish for a test on 1.0342 high.