USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9007; (P) 0.9070; (R1) 0.9104; More

Intraday bias in USD/CHF remains on the downside for retesting 0.8998 low. Next near term target is 100% projection of 0.9304 to 0.9030 from 0.9207 at 0.8933. On the upside, break of 0.9101 minor resistance will mix up the near term outlook and turn intraday bias neutral again.

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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9075; (P) 0.9136; (R1) 0.9180; More

USD/CHF’s break of 0.9089 minor support indicates that fall form 0.9304 is resuming. Intraday bias is back on the downside for 0.8998 low. Firm break there will confirm resumption of larger down trend. Next near term target is 100% projection of 0.9304 to 0.9030 from 0.9207 at 0.8933. For now, near term outlook will stay bearish as long as 0.9207 resistance holds, 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9075; (P) 0.9136; (R1) 0.9180; More

Intraday bias in USD/CHF remains neutral at this point. Another rise is mildly in favor as long as 0.9089 support holds. Above 0.9207 will target 0.9304 resistance next. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9089 minor support will turn bias back to the downside for 0.9030 support 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9094; (P) 0.9143; (R1) 0.9169; More

USD/CHF is still staying in range of 0.9089/9207 despite much volatility. Intraday bias remains neutral at this point. Another rise is in favor as long as 0.9089 support holds. Above 0.9207 will target 0.9304 resistance next. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9089 minor support will turn bias back to the downside for 0.9030 support 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9094; (P) 0.9143; (R1) 0.9169; More

Intraday bias in USD/CHF remains neutral first and outlook is unchanged. Another rise is in favor as long as 0.9089 support holds. Above 0.9207 will target 0.9304 resistance next. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9089 minor support will turn bias back to the downside for 0.9030 support 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9164; (P) 0.9186; (R1) 0.9215; More

Intraday bias in USD/CHF is turned neutral with today’s retreat. Another rise is in favor as long as 0.9089 support holds. Above 0.9207 will target 0.9304 resistance next. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9089 minor support will turn bias back to the downside for 0.9030 support 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9164; (P) 0.9186; (R1) 0.9215; More

Further rise is still expected in USD/CHF with 0.9127 support intact. Current rise from 0.9030 is seen as the third leg of the pattern from 0.8998. Intraday bias is on the upside for 0.9304 resistance. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9127 minor support will turn bias back to the downside for 0.9030 support 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9146; (P) 0.9160; (R1) 0.9181; More

Further rise is now mildly in favor in USD/CHF. Rise from 0.9030 is seen as the third leg of the pattern from 0.8998. Intraday bias is on the upside for 0.9304 resistance. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9127 minor support will turn bias back to the downside for 0.9030 support 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9146; (P) 0.9160; (R1) 0.9181; More

Focus stays on 0.9165 resistance in USD/CHF. Sustained break will argue that corrective pattern from 0.8998 has started the third leg. Further rise should be seen to 0.9304 resistance. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9030 will bring retest of 0.8998 low 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Weekly Outlook

USD/CHF rebounded strongly last week but couldn’t sustain above 0.9165 resistance so far. Initial bias remains neutral this week first. On the upside, sustained break of 0.9165 will argue that corrective pattern from 0.8998 has started the third leg. Further rise should be seen to 0.9304 resistance. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9030 will bring retest of 0.8998 low 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into along term corrective pattern, at least until a firm break of 1.0342 resistance.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9108; (P) 0.9140; (R1) 0.9192; More

Focus stays on 0.9165 resistance in USD/CHF. Firm break there will indicate that corrective pattern from 0.8998 has started the third leg. Intraday bias will be turned back to the upside for 0.9304 first. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9030 will bring retest of 0.8998 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9108; (P) 0.9140; (R1) 0.9192; More

Focus is now on 0.9165 resistance as the rebound from 0.9030 extends. Firm break there will indicate that corrective pattern from 0.8998 has started the third leg. Intraday bias will be turned back to the upside for 0.9304 first. Break will target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9030 will bring retest of 0.8998 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9083; (P) 0.9106; (R1) 0.9126; More

USD/CHF is still staying below 0.9165 resistance despite current rebound. Intraday bias remains neutral first. On the upside, firm break of 0.9165 resistance will suggest that consolidation pattern from 0.8998 is extending with another rising leg. Intraday bias will be turned back to the upside for 0.9304 resistance. On the downside, break of 0.9030 will bring retest of 0.8998 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9083; (P) 0.9106; (R1) 0.9126; More

Intraday bias in USD/CHF remains neutral at this point. With 0.9165 resistance intact, further decline is still in favor. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. However, break of 0.9165 will invalidate this bearish view and turn bias back to the upside for 0.9304 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9066; (P) 0.9082; (R1) 0.9102; More

While rebound from 0.9030 extends today, upside is still limited below 0.9165 resistance. Intraday bias remains neutral and another fall is still in favor. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. However, break of 0.9165 will invalidate this bearish view and turn bias back to the upside for 0.9304 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9066; (P) 0.9082; (R1) 0.9102; More

USD/CHF recovers mildly today but stays in consolidation form 0.9030. Intraday bias remains neutral at this point. In case of stronger recovery, upside should be limited below 0.9165 resistance. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. However, break of 0.9165 will invalidate this bearish view and turn bias back to the upside for 0.9304 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9052; (P) 0.9066; (R1) 0.9093; More

Intraday bias in USD/CHF remains neutral for consolidation above 0.9030 temporary low. In case of another recovery, upside should be limited below 0.9165 resistance. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. However, break of 0.9165 will invalidate this bearish view and turn bias back to the upside for 0.9304 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9052; (P) 0.9066; (R1) 0.9093; More

USD/CHF is staying in consolidation form 0.9030 temporary low. Intraday bias remains neutral first. In case of another recovery, upside should be limited below 0.9165 resistance. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. However, break of 0.9165 will invalidate this bearish view and turn bias back to the upside for 0.9304 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. 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9021; (P) 0.9056; (R1) 0.9079; More

Intraday bias in USD/CHF remains neutral for the moment as consolidation from 0.9030 temporary low is extending. In case of another recovery, upside should bel limited below 0.9165 resistance. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746.

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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9021; (P) 0.9056; (R1) 0.9079; More

Intraday bias in USD/CHF remains neutral at this point and some consolidations could be seen above 0.9030 temporary low. In case of another recovery, upside should bel limited below 0.9165 resistance. On the downside, break of 0.9030 will target 0.8998 low first. Firm break there will resume larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746.

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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.