Daily Pivots: (S1) 0.8893; (P) 0.8909; (R1) 0.8920; More….

USD/CHF’s break of 0.8889 suggest resumption of fall from 0.9044. As noted before, corrective rise from 0.8756 should have completed with three waves up to 0.9044. Intraday bias is now on the downside for 0.8847 and then 0.9756 low. On the upside, though, break of 0.8939 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8897; (P) 0.8919; (R1) 0.8940; More….

Intraday bias in USD/CHF stays neutral first and outlook is unchanged. Corrective rise from 0.8756 should have completed with three waves up to 0.9044. Break of 0.8889 will target 0.8837 support and then 0.8756 low. On the upside, though, break of 0.8967 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8897; (P) 0.8919; (R1) 0.8940; More….

Intraday bias in USD/CHF remains neutral for the moment. Corrective rise from 0.8756 should have completed with three waves up to 0.9044. Break of 0.8889 will target 0.8837 support and then 0.8756 low. On the upside, though, break of 0.8967 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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.

USD/CHF’s fall last week suggests that corrective rise from 0.8756 has completed with three waves up to 0.9044. But as a temporary low was formed at 0.8889, initial bias is neutral this week first. On the downside, break of 0.8889 will target 0.8837 support and then 0.8756 low. On the upside, though, break of 0.8967 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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.

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) 0.8891; (P) 0.8900; (R1) 0.8909; More….

Intraday bias in USD/CHF is turned neutral first. Another fall is in favor with 0.8945 minor resistance intact. Below 0.8889 will target 0.8837 and then 0.8756 low. On the upside, break of 0.8945 will revive near term bullishness and turn bias back to the upside for 0.9044 resistance instead.

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) 0.8891; (P) 0.8900; (R1) 0.8909; More….

With 0.8945 minor resistance intact, further fall is expected in USD/CHF for 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance will dampen this bearish case and turn bias back to the upside for 0.9044 resistance instead.

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) 0.8885; (P) 0.8908; (R1) 0.8927; More….

Intraday bias in USD/CHF remains on the downside at this point. Deeper fall would be seen to 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance will turn intraday bias neutral first.

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) 0.8885; (P) 0.8908; (R1) 0.8927; More….

Intraday bias in USD/CHF stays on the downside for 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance will turn intraday bias neutral first.

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) 0.8898; (P) 0.8944; (R1) 0.8969; More….

Intraday bias in USD/CHF remains on the downside for 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance will turn intraday bias neutral first.

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) 0.8898; (P) 0.8944; (R1) 0.8969; More….

USD/CHF’s break of 0.8925 resistance turned support, as well as the near term trend line, argues that corrective rise from 0.8756 has completed, with three waves up to 0.9044. Intraday bias is turned back to the downside for 0.8837 support first. Break will bring retest of 0.8756 low. On the upside, above 0.8980 minor resistance will turn bias back to the upside to resume the corrective rebound form 0.8756 instead.

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) 0.8974; (P) 0.8997; (R1) 0.9012; More….

USD/CHF is still holding above 0.8925 resistance turned support despite steep retreat from 0.9044. Intraday bias stays neutral first. Another rise will remain in favor as long as 0.8925 holds. 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) 0.8974; (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) 0.8971; (P) 0.9009; (R1) 0.9028; More….

USD/CHF is staying in consolidation from 0.9044 temporary top, and intraday bias remains neutral. Further rise is expected as long as 0.8925 support holds. Break of 0.9044 will extend the rebound, as a correction to whole fall from 0.9901, and target 38.2% retracement of 0.9901 to 0.8756 at 0.9193.

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) 0.8971; (P) 0.9009; (R1) 0.9028; More….

Intraday bias in USD/CHF remains neutral for the moment and some consolidations could be seen. Further rise is expected as long as 0.8925 support holds. Break of 0.9044 will extend the rebound, as a correction to whole fall from 0.9901, and target 38.2% retracement of 0.9901 to 0.8756 at 0.9193.

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.

USD/CHF’s rebound from 0.8756 resumed last and hit as high as 0.9004. But as a temporary was formed there with subsequent retreat, initial bias is neutral this week first. Further rise is expected as long as 0.8925 support holds. Break of 0.9044 will extend the rebound, as a correction to whole fall from 0.9901, and target 38.2% retracement of 0.9901 to 0.8756 at 0.9193.

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.

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) 0.9004; (P) 0.9024; (R1) 0.9065; More….

A temporary top is in place at 0.9044 in USD/CHF and intraday bias is turned neutral first. Downside of retreat should be contained above 0.8925 resistance turned support to bring another rise. Rebound from 0.8756 should be correcting whole decline from 0.9901. Above 0.9044 will target 38.2% retracement of 0.9901 to 0.8756 at 0.9193.

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) 0.9004; (P) 0.9024; (R1) 0.9065; More….

Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8756 should at least be correcting the whole decline from 0.9901. Further rally would be seen to 38.2% retracement of 0.9901 to 0.8756 at 0.9193. On the downside, below 0.8982 minor support will turn bias neutral and bring some consolidations first, before staging another rally.

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) 0.8973; (P) 0.8988; (R1) 0.9005; More….

USD/CHF’s rally extends to as high as 0.9030 so far today. Break of 0.8998 support turned resistance argues that it’s now, at least, correcting the whole decline from 0.9901 to 0.8756. Intraday bias stays on the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. On the downside, below 0.8982 minor support will turn bias neutral and bring some consolidations first, before staging another rally.

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) 0.8973; (P) 0.8988; (R1) 0.9005; More….

Intraday bias in USD/CHF remains on the upside with focus on 0.8998 support turned resistance. Decisive break there will indicate that rise from 0.8756 short term bottom is at least correcting whole fall from 0.9901. Further rally would be seen to 38.2% retracement of 0.9901 to 0.8756 at 0.9193. On the downside, break of 0.8946 resistance turned support will turn intraday bias to the downside for 0.8837 support first.

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) 0.8950; (P) 0.8972; (R1) 0.8998; More….

Intraday bias in USD/CHF remains on the upside at this point. Decisive break of 0.8898 support turned resistance will indicate that rise from 0.8756 short term bottom is at least correcting the fall from 0.9901. Further rally would be seen to 38.2% retracement of 0.9901 to 0.8756 at 0.9193. On the downside, break of 0.8925 resistance turned support will turn intraday bias to the downside for 0.8837 support first.

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.