Daily Pivots: (S1) 0.9388; (P) 0.9410; (R1) 0.9434; More…

Intraday bias in USD/CHF remains neutral for the moment and some consolidations could be seen. Further fall is expected as long as 0.9453 resistance holds. On the downside, break of 0.9362 will target 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. Sustained break there will pave the way to retest 0.9181 low. However, firm break of 0.9453 will turn bias back to the upside for 0.9532 resistance 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). Break of 0.9901 will extend the rebound from 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) 0.9965; (P) 1.0026; (R1) 1.0062; More…

Intraday bias in USD/CHF remains on the downside as the correction from 1.0128 might extend through 38.2% retracement of 0.9541 to 1.0128 at 0.9904. In that case, focus will be on 0.9848 structural support. On the upside, above 1.0006 minor resistance will indicate that the pull back has completed. Intraday bias will be turned back to the upside for retesting 1.0128 high.

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.

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.

Daily Pivots: (S1) 0.9893; (P) 0.9939; (R1) 0.9977; More…

Intraday bias in USD/CHF remains neutral for the moment. On the upside, decisive break of 0.9975 will confirm completion of fall form 1.0237. Further rally would then be seen to retest this high. On the downside, though, break of 0.9854 will turn intraday bias to the downside for 0.9659 low.

In the bigger picture, the structure of the fall from 1.0237 suggests that it’s a corrective move. Break of 0.9975 will argue that such correction has completed at 0.9659, 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) 0.9390; (P) 0.9414; (R1) 0.9440; More…

Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, break of 0.9439 will resume the rise from 0.9058 for 38.2% retracement of 1.0146 to 0.9058 at 0.9474. Decisive break there will carry larger bullish implications. On the downside, break of 0.9284 will turn bias back to the downside for retesting 0.9058 low instead.

In the bigger picture, decline from 1.0146 is seen as part of a long term sideway pattern. As long as 38.2% retracement of 1.0146 to 0.9058 at 0.9474 holds, another fall is in favor through 0.9058. However, sustained trading above 0.9474 will indicate that the medium term trend has reversed, and open up further rally to 61.8% retracement at 0.9730 and above.

Daily Pivots: (S1) 0.9122; (P) 0.9158; (R1) 0.9180; More….

Intraday bias in USD/CHF remains neutral as consolidations from 0.9192 temporary top could still extend. But overall, But further rally is expected as long as 0.9044 resistance turned support holds. Sustained break of 38.2% retracement of 0.9901 to 0.8756 at 0.9193 will target 0.9295 resistance. Firm break there will carry larger bullish implications and target 61.8% retracement at 0.9464 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. Firm break of 0.9295, though, will be an early sign of medium term bullish reversal.

Daily Pivots: (S1) 0.9828; (P) 0.9836; (R1) 0.9847; More…

No change in USD/CHF’s outlook and intraday bias remains on the upside for 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) 0.9111; (P) 0.9132; (R1) 0.9152; More….

USD/CHF is extending consolidation from 0.9151 and intraday bias stays neutral. Further rally is expected as long as 0.8996 support holds. Firm break of 0.9151 will target 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.9268.

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. However, decisive break of 0.9243 will argue that the trend has already reversed and turn medium term outlook bullish.

Daily Pivots: (S1) 0.9218; (P) 0.9240; (R1) 0.9258; More….

Intraday bias in USD/CHF remains neutral and outlook is unchanged. Further rise will remain mildly in favor as long as 0.9090 support holds. break of 0.9372 will resume the choppy rally from 0.8925 to 0.9471 high. However, break of 0.9090 will turn bias back to the downside for 0.8925 support instead.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9625; (P) 0.9656; (R1) 0.9705; More…

Intraday bias in USD/CHF remains neutral and outlook is unchanged. Triangle correction from 1.0063 could have completed at 0.9369 already. Above 0.9691 will t target 0.9884 resistance next. Break there will argue that larger up trend is ready for resumption through 1.0063. On the downside, below 0.9500 minor support will dampen this view and turn bias back to the downside for 0.9369 support instead.

In the bigger picture, current development suggests that up trend from 0.8756 (2021 low) is still in progress. Sustained break of 1.0063 will target 100% projection of 0.9149 to 1.0063 from 0.9369 at 1.0283, and then 1.0342 (2016 high). For now, this will remain the favored case as long as 0.9369 support holds, even in case of deep pull back.

Daily Pivots: (S1) 0.8783; (P) 0.8802; (R1) 0.8816; More….

USD/CHF is extending the consolidation from 0.8884 and intraday bias stays neutral. With 0.8727 resistance turned support intact, further rally is still expected. On the upside, break of 0.8885 will resume the rise from 0.8332 and target and 100% projection of 0.8332 to 0.8727 from 0.8550 at 0.8954. However, sustained break of 0.8727 will dampen this bullish view, and turn bias back to the downside for 0.8550 support instead.

In the bigger picture, a medium term bottom should be formed at 0.8332, on bullish convergence condition in W MACD, just ahead of 0.8317 long term fibonacci support. It’s still early to decide if the larger down trend from 1.0146 (2022 high) is reversing. But further rise should be seen to 0.9243 resistance even as a correction.

Daily Pivots: (S1) 0.9942; (P) 0.9980; (R1) 1.0003; More…..

USD/CHF drops further to as low as 0.9879 so far. Intraday bias remains on down the downside for 0.9858 support first. Break there extend the corrective fall from 1.0342 through 0.9812 low. On the upside, above 0.9956 minor resistance will turn intraday bias neutral first.

In the bigger picture, we’re still maintaining that firm break of 1.0342 key resistance is needed to confirm underlying bullish momentum in the pair. However, the corrective nature of the fall from 1.0342 is starting to give the medium term outlook a bullish favor. Hence, instead of looking for topping signal around 1.0342, we’d now pay closer attention to upside acceleration as USD/CHF approaches this level again.

Daily Pivots: (S1) 0.9184; (P) 0.9230; (R1) 0.9257; More….

Intraday bias in USD/CHF remains mildly on the downside for deeper fall. But overall, with 0.9090 support intact, choppy rise from 0.8925 should extend higher. On the upside, above 0.9276 will turn bias back to the upside for 0.9341, and then 0.9372. However, strong break of 0.9090 will argue that rise from 0.8925 is over, and turn near term outlook bearish.

In the bigger picture, medium term outlook will be neutral at best as long as 0.9471 resistance holds. Larger down trend could still extend through 0.8756 (2021 low). However, firm break of 0.9471 will argue that the trend has already reversed and rebound the rally from 0.8756 with another impulsive move.

Daily Pivots: (S1) 0.9036; (P) 0.9080; (R1) 0.9111; More….

USD/CHF’s correction from 0.9243 is still in progress. Intraday bias stays on the downside for 38.2% retracement of 0.8551 to 0.9243 at 0.8979. On the upside, above 0.9122 minor resistance will turn intraday bias neutral first. But risk of another fall will remain as long as 0.9243 resistance holds.

In the bigger picture, current development indicates that rise from 0.8551 is reversing whole down trend from 1.0146. Further rally would then be seen to 61.8% retracement at 0.9537 and above. For now, this will be the favored case as long as 55 D EMA (now at 0.8969) holds, even in case of deep pullback.

Daily Pivots: (S1) 0.9013; (P) 0.9026; (R1) 0.9050; More….

USD/CHF is staying in consolidation from 0.8984 temporary low and intraday bias remains neutral first. Outlook stays bearish with 0.9163 resistance intact and further decline is expected. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. Nevertheless, firm break of 0.9163 will turn bias back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.9884; (P) 0.9924; (R1) 0.9996; More…

USD/CHF is staying in range of 0.9840/9989 and intraday bias remains neutral. Outlook is unchanged that we’d still expect strong support from 0.9848 to contain downside to complete the correction from 1.0128. On the upside, break of 0.9989 resistance will argue that such correction is completed. Intraday bias will be turned back to the upside for retesting 1.0128 high. However, decisive break of 0.9848 support will bring deeper decline to 0.9541 key support instead.

In the bigger picture, current development suggests that the medium term rally from 0.9186 hasn’t completed yet. Break of 1.0128 will target 1.0342 key resistance next (2016 high). On the downside, firm break of 0.9848 support will dampen this bullish view and turn focus back to 0.9541 key support instead.

Daily Pivots: (S1) 0.9584; (P) 0.9601; (R1) 0.9630; More…

USD/CHF’s recovery from 0.9493 continues today but stays below 0.9731 minor resistance. Intraday bias remains neutral first. On the upside, break of 0.9731 will argue that the consolidation from 1.0063 has completed and bring stronger rally back to retest 1.0063 high. However, another fall below 0.9493 will dampen this view and target 0.9459 resistance turned support.

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 1.0237/0342 resistance zone. This will remain the favored case as long as 0.9471 resistance turned support holds. However, sustained break of 0.9471 will extend long term range trading with another falling leg.

USD/CHF’s break of 0.9766 resistance last week suggests that 0.9613 is at least a short term bottom. It’s early to tell, but considering bullish convergence condition in daily MACD, the decline from 1.0237 might have completed with three waves down to 0.9613 too. Initial bias is now on the upside this week for 38.2% retracement of 1.0237 to 0.9613 at 0.9851 first. On the downside, below 0.9703 minor 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.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9920; (P) 0.9939; (R1) 0.9970; More…

Intraday bias in USD/CHF remains neutral first. Another fall could be seen with 1.0006 minor support intact. Break of 38.2% retracement of 0.9541 to 1.0128 at 0.9904 will target 0.9848 key support level. On the upside, above 1.0006 minor resistance will indicate that the pull back has completed. Intraday bias will be turned back to the upside for retesting 1.0128 high.

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) 0.9675; (P) 0.9713; (R1) 0.9774; More…

Intraday bias in USD/CHF remains on the upside for retesting 0.9901. Firm break there will resume whole rise from 0.9181. On the downside, below 0.9602 minor support will suggest that corrective pattern from 0.9901 is extending with another fall. Intraday bias will be turned back to the downside for 61.8% retracement of 0.9181 to 0.9901 at 0.9456

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.