Daily Pivots: (S1) 0.8800; (P) 0.8830; (R1) 0.8886; More….

USD/CHF’s recovery from 0.8756 extends higher today but stays below 0.8918 resistance. Intraday bias remains neutral first and another is still in favor. Break of 0.8756 will resume larger down trend to long term projection level at 0.8639. However, sustained break of 0.8918 will indicate short term bottoming, on bullish convergence condition in 4 hour MACD, after missing 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Intraday bias will be turned back to the upside for stronger rebound, back towards 0.8998 support turned resistance.

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) 0.8755; (P) 0.8788; (R1) 0.8819; More….

A temporary low is formed at 0.8756 with today’s recovery, just ahead of 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Intraday bias is turned neutral first. Further fall is expected as long as 0.8918 resistance holds. Firm break of 0.8756 will extend the down trend to long term projection level at 0.8639. However, sustained break of 0.8918 will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned back to the upside for stronger rebound.

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) 0.8755; (P) 0.8788; (R1) 0.8819; More….

Intraday bias in USD/CHF remains on the downside as down trend continues. Firm break of 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 will pave the way to long term projection level at 0.8639. In any case, outlook will remain bearish as long as 0.8918 resistance holds, even in case of strong recovery.

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) 0.8768; (P) 0.8792; (R1) 0.8809; More….

Intraday bias in USD/CHF remains on the downside for 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Decisive break there will pave the way to long term projection level at 0.8639. In any case, outlook will remain bearish as long as 0.8918 resistance holds, even in case of strong recovery.

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) 0.8768; (P) 0.8792; (R1) 0.8809; More….

USD/CHF’s down trend is still in progress and intraday bias remains on the downside. Break of 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 will pave the way to long term projection level at 0.8639. In any case, outlook will remain bearish as long as 0.8918 resistance holds.

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) 0.8779; (P) 0.8816; (R1) 0.8848; More….

Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Break will pave the way to long term projection level at 0.8639. In any case, outlook will remain bearish as long as 0.8918 resistance holds.

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) 0.8779; (P) 0.8816; (R1) 0.8848; More….

USD/CHF’s decline is still in progress and intraday bias stays on the downside. Further fall should be seen to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Break will pave the way to long term projection level at 0.8639. In any case, outlook will remain bearish as long as 0.8918 resistance holds.

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) 0.8832; (P) 0.8912; (R1) 0.8983; More….

Intraday bias is USD/CHF is back on the downside as down trend resumes by breaking 0.8792 temporary low. Further fall should be seen to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Break will pave the way to long term projection level at 0.8639. In any case, outlook will remain bearish as long as 0.8918 resistance holds.

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) 0.8832; (P) 0.8912; (R1) 0.8983; More….

Intraday bias in USD/CHF is turned neutral with current recovery. But upside should be limited by 0.8918 resistance to bring down trend resumption. On the downside, break of 0.8792 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Break will pave the way to long term projection level at 0.8639. However, firm break of 0.8918 will indicate short term bottoming, and turn bias to the upside for stronger rebound.

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) 0.8869; (P) 0.8894; (R1) 0.8912; More….

USD/CHF’s break of 0.8822 support suggests down trend resumption. Intraday bias is back on the downside. Next target is 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Break will pave the way to long term projection level at 0.8639. On the upside, break of 0.8918 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

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) 0.8869; (P) 0.8894; (R1) 0.8912; More….

USD/CHF is still holding above 0.8822 temporary low despite today’s decline. Intraday bias remains neutral first. In case of another recovery, upside should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8869; (P) 0.8894; (R1) 0.8912; More….

Intraday bias in USD/CHF remains neutral first as consolidation from 0.8822 might extend. Still, in case of another recovery, upside should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8846; (P) 0.8884; (R1) 0.8933; More….

USD/CHF is staying in consolidation from 0.8822 and intraday bias remains neutral. Stronger recovery could be seen, but upside should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8846; (P) 0.8884; (R1) 0.8933; More….

Intraday bias in USD/CHF remains neural as consolidation form 0.8822 is still extending. Stronger recovery could be seen, but upside should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8858; (P) 0.8882; (R1) 0.8917; More….

USD/CHF is staying in consolidation from 0.8822 and intraday bias remains neutral. Stronger recovery could be seen, but upside should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8827; (P) 0.8873; (R1) 0.8904; More….

Intraday bias in USD/CHF remains neutral for consolidation above 0.8822 temporary low. Upside of recovery should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8827; (P) 0.8873; (R1) 0.8904; More….

Consolidation from 0.8822 is still extending and intraday bias in USD/CHF remains neutral first. Upside of recovery should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8816; (P) 0.8842; (R1) 0.8858; More….

Intraday bias in USD/CHF remains neutral at this point. Some consolidations could be seen above 0.8822 temporary low first. But upside of recovery should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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) 0.8816; (P) 0.8842; (R1) 0.8858; More….

Intraday bias in USD/CHF is turned neutral with today’s recovery. Some consolidations could be seen first. But upside of recovery should be limited by 0.8982 resistance to bring fall resumption. On the downside, break of 0.8822 will resume larger down trend for 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.

USD/CHF gyrated lower last week with diminishing downside momentum. Initial bias stays on the downside this week first. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8892 minor resistance will indicate short term bottoming, turn bias back to the upside for stronger rebound.

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.

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.