Daily Pivots: (S1) 0.8898; (P) 0.8912; (R1) 0.8926; More….

Intraday bias in USD/CHF remains neutral for the moment. On the upside, decisive break of 0.8919 resistance should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in daily MACD too, USD/CHF could be corrective whole fall form 0.9901 in this case. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Though, break of 0.8821 minor support will bring retest of 0.8756 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. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9294 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8898; (P) 0.8912; (R1) 0.8926; More….

Intraday bias in USD/CHF remains neutral with focus on 0.8919 resistance. Decisive break there should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in daily MACD too, USD/CHF could be corrective whole fall form 0.9901 in this case. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Though, break of 0.8821 minor support will bring retest of 0.8756 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. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9294 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8884; (P) 0.8899; (R1) 0.8930; More….

No change in USD/CHF’s outlook as focus stays on 0.8919 resistance. Decisive break there should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in daily MACD too, USD/CHF could be corrective whole fall form 0.9901 in this case. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Though, break of 0.8821 minor support will bring retest of 0.8756 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. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9294 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8884; (P) 0.8899; (R1) 0.8930; More….

Focus stays on 0.8919 resistance in USD/CHF. Decisive break there should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in daily MACD too, USD/CHF could be corrective whole fall form 0.9901 in this case. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Though, break of 0.8821 minor support will bring retest of 0.8756 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. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9294 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

USD/CHF stayed in tight range below 0.8919 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, decisive break of 0.8919 should confirm short term bottoming at 0.8756, on bullish convergence condition in 4 hour MACD. Considering bullish convergence condition in daily MACD too, USD/CHF could be corrective whole fall form 0.9901 in this case. Intraday bias will be turned back to the upside for 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Though, break of 0.8821 minor support will bring retest of 0.8756 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. Next target will be 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639. In any case, break of 0.9294 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) 0.8853; (P) 0.8885; (R1) 0.8914; More….

USD/CHF is staying in consolidation and intraday bias remains neutral for the moment. On the upside, decisive break of 0.8918 resistance 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8853; (P) 0.8885; (R1) 0.8914; More….

Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, decisive break of 0.8918 resistance 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8854; (P) 0.8872; (R1) 0.8894; More….

No change in USD/CHF’s outlook and intraday bias remains neutral first. On the upside, decisive break of 0.8918 resistance 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8854; (P) 0.8872; (R1) 0.8894; More….

Intraday bias in USD/CHF remains neutral for the moment. On the upside, decisive break of 0.8918 resistance 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8844; (P) 0.8880; (R1) 0.8899; More….

Outlook in USD/CHF remains unchanged and intraday bias stays neutral first. On the upside, decisive break of 0.8918 resistance 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8844; (P) 0.8880; (R1) 0.8899; More….

Intraday bias in USD/CHF remains neutral for the moment. On the upside, decisive break of 0.8918 resistance 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8863; (P) 0.8891; (R1) 0.8932; More….

No change in USD/CHF’s outlook and focus remains on 0.8918 resistance. Decisive break there 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8863; (P) 0.8891; (R1) 0.8932; More….

Focus remains on 0.8918 resistance in USD/CHF. Decisive break there 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8821 minor support will bring retest of 0.8756 low 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 0.9304 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8823; (P) 0.8854; (R1) 0.8884; More….

USD/CHF rebounds further today and focus is now immediately on 0.8918 resistance. Decisive break there will confirm short term bottoming at 0.8756. Intraday bias will be turned back to the upside for 0.8898/9294 resistance zone. On the downside, though, below 0.9921 minor support will indicate rejection by 0.8918. Intraday bias will be back on the downside for retesting 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 0.9294 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 0.8823; (P) 0.8854; (R1) 0.8884; More….

USD/CHF is still staying below 0.8918 resistance for now and intraday bias remains neutral. On the upside, firm 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, back towards 0.8998 support turned resistance. Though, rejection by 0.8918 will maintain bearishness. On the downside, break of 0.8756 will target long term projection level at 0.8639.

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’s down trend extended to 0.8756 last we, but recovered just ahead of 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. Initial bias stays neutral for some consolidations first. Outlook will remain bearish as long as 0.8918 resistance holds. Break of 0.8756 will target 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, 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.

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) 0.8800; (P) 0.8830; (R1) 0.8886; More….

Intraday bias in USD/CHF remains neutral for the moment. With 0.8918 resistance intact, another fall is in favor. On the downside, 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) 0.8800; (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.