Sample Category Title

Pivot (invalidation): 1.1622

Our preference Long positions above 1.1622 with targets at 1.1678 & 1.1690 in extension.

Alternative scenario Below 1.1622 look for further downside with 1.1601 & 1.1588 as targets.

Comment The RSI is supported by a rising trend line.

Daily Pivots: (S1) 0.9953; (P) 0.9998; (R1) 1.0037; More...

USD/CHF is staying in range of 0.9926/1.0067 and intraday bias remains neutral. On the upside, break of 1.0067 resistance will resume the larger rise from 0.9186. USD/CHF should then target 61.8% projection of 0.9186 to 1.0056 from 0.9787 at 1.0325, which is close to 1.0342 key resistance. However, break of 0.9926 will dampen the bullish view again.

In the bigger picture, rise from 0.9186 is seen as a leg inside the long term range pattern. After drawing support from 55 day EMA, it's now resuming for 1.0342 key resistance. For now, we'd still cautious on strong resistance from there to limit upside. Meanwhile, break of 0.9787 support is needed to signal completion of the rise. Otherwise, outlook will remain bullish even in case of deep pull back.

Pivot (invalidation): 0.8925

Our preference Long positions above 0.8925 with targets at 0.8965 & 0.8980 in extension.

Alternative scenario Below 0.8925 look for further downside with 0.8900 & 0.8875 as targets.

Comment The break above 0.8925 is a positive signal that has opened a path to 0.8965.

Daily Pivots: (S1) 111.94; (P) 112.58; (R1) 113.10; More...

The break of 112.21 minor support suggests short term topping at 113.17, on bearish divergence condition in 4 hour MACD. Intraday bias is turned to the downside for deeper pull back. But downside should be contained by 111.39 resistance turned support and bring rebound. Further rally is still expected. Break of 113.17 will resume the rise from 104.62 to 114.73 resistance next.

In the bigger picture, current development, with the solid break of medium term channel resistance from 118.65 (2016 high), affirm our view that corrective fall from there has completed with three waves down to 104.62. Decisive break of 114.73 resistance will likely resume whole rally from 98.97 (2016 low) to 100% projection of 98.97 to 118.65 from 104.62 at 124.30, which is reasonably close to 125.85 (2015 high). This will now be the preferred case as long as 119.36 support holds.

Pivot (invalidation): 67.50

Our preference Long positions above 67.50 with targets at 68.80 & 69.15 in extension.

Alternative scenario Below 67.50 look for further downside with 66.90 & 66.60 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 15.2200

Our preference Long positions above 15.2200 with targets at 15.3900 & 15.4600 in extension.

Alternative scenario Below 15.2200 look for further downside with 15.1500 & 15.0800 as targets.

Comment A support base at 15.2200 has formed and has allowed for a temporary stabilisation.

Pivot (invalidation): 1226.00

Our preference Short positions below 1226.00 with targets at 1211.00 & 1205.50 in extension.

Alternative scenario Above 1226.00 look for further upside with 1233.00 & 1238.00 as targets.

Comment The RSI advocates for further decline.

Pivot (invalidation): 0.7375

Our preference Short positions below 0.7375 with targets at 0.7325 & 0.7295 in extension.

Alternative scenario Above 0.7375 look for further upside with 0.7395 & 0.7420 as targets.

Comment As Long as the resistance at 0.7375 is not surpassed, the risk of the break below 0.7325 remains high.

Pivot (invalidation): 1.3245

Our preference Long positions above 1.3245 with targets at 1.3290 & 1.3320 in extension.

Alternative scenario Below 1.3245 look for further downside with 1.3220 & 1.3185 as targets.

Comment Technically the RSI is above its neutrality area at 50.

Pivot (invalidation): 1.0005

Our preference Short positions below 1.0005 with targets at 0.9975 & 0.9960 in extension.

Alternative scenario Above 1.0005 look for further upside with 1.0025 & 1.0045 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.0005.