Daily Pivots: (S1) 0.9079; (P) 0.9101; (R1) 0.9115; More…

Further decline is expected in USD/CHF with 0.9197 resistance intact. Firm break of 0.8998 low will resume larger down trend. Next target will be 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will remain mildly 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9068; (P) 0.9122; (R1) 0.9151; More…

Intraday bias sin USD/CHF remains on the downside for retesting 0.8998 low. Firm break there will confirm resumption of larger down trend. Next target will be 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will remain mildly 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF’s fall from 0.9304 extended lower last week after brief recovery. The development further affirm the case that corrective rebound from 0.8998 has completed at 0.9304 already. Initial bias stays on the downside for retesting 0.8998 low first. Break there will resume larger down trend for 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will remain mildly 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. 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 0.9376 support turned 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.

Daily Pivots: (S1) 0.9153; (P) 0.9176; (R1) 0.9194; More…

USD/CHF’s fall from 0.9304 resumes by taking out 0.9133 temporary low. Intraday bias is turned back to the downside for retesting 0.8998 low. Firm break there will resume larger down trend. On the upside, break of 0.9197 resistance is needed to indicate completion of the fall from 0.9304. Otherwise, outlook will now stay mildly 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9153; (P) 0.9176; (R1) 0.9194; More…

USD/CHF is staying in tight range above 0.9133 temporary low and intraday bias remains neutral first. Another fall is in favor with 0.9218 resistance intact. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9160; (P) 0.9172; (R1) 0.9185; More…

Intraday bias in USD/CHF stays neutral first. With 0.9218 minor resistance intact, another fall is still in favor. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9160; (P) 0.9172; (R1) 0.9185; More…

USD/CHF is staying in consolidation from 0.9133 and intraday bias remains neutral. Further fall is mildly in favor as long as 0.9218 minor resistance holds. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9147; (P) 0.9163; (R1) 0.9194; More…

Intraday bias in USD/CHF remains neutral for the moment. Further fall is mildly in favor as long as 0.9218 minor resistance holds. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9147; (P) 0.9163; (R1) 0.9194; More…

Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed above signal line. Further fall is mildly in favor as long as 0.9218 minor resistance holds. Below 0.9133 will target a test on 0.8998 low. However, on the upside, break of 0.9218 minor resistance will argue that corrective rebound from 0.8998 is not completed yet. In this case, intraday bias will be turned back to the upside for 0.9304 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. 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223; More…

Intraday bias in USD/CHF remains on the downside as fall from 0.9304 is in progress. Corrective rebound from 0.8998 should have completed and deeper fall should be seen to retest this low. On the upside, break of 0.9218 minor resistance will turn bias back to the upside for 0.9304 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223; More…

Intraday bias in USD/CHF remains on the downside for the moment. Corrective rebound from 0.8998 has completed with three waves up to 0.9304. Further fall should be seen for retesting 0.8998 low. On the upside, break of 0.9218 minor resistance will turn bias back to the upside for 0.9304 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223; More…

USD/CHF’s fall from 0.9304 resumed by taking out 0.9162. Corrective rebound from 0.8998 has completed with three waves up to 0.9304. Intraday bias is back on the downside for retesting 0.8998 low. On the upside, break of 0.9218 minor resistance will turn bias back to the upside for 0.9304 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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9185; (P) 0.9202; (R1) 0.9223; More…

Intraday bias in USD/CHF stays neutral and further fall is in favor with 0.9244 minor resistance intact. On the downside, break of 0.9162 will target a test on 0.8998 low. Nevertheless, break of 0.9244 minor resistance will turn bias to the upside to extend the rebound from 0.8998, through 0.9304, to 38.2% retracement of 0.9901 to 0.8998 at 0.9343.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

USD/CHF’s deeper than expected pull back last week argues that corrective rebound form 0.8998 has completed with three waves up to 0.9304. As a temporary low was formed at 0.9162, initial bias is neutral this week first. On the downside, break of 0.9162 will target a test on 0.8998 low. Nevertheless, break of 0.9244 minor resistance will turn bias to the upside to extend the rebound from 0.8998, through 0.9304, to 38.2% retracement of 0.9901 to 0.8998 at 0.9343.

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 0.9376 support turned 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.

Daily Pivots: (S1) 0.9162; (P) 0.9189; (R1) 0.9212; More…

Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed above signal line. Further fall is in favor with 0.9244 minor resistance intact. Corrective rebound from 0.8998 could have completed with three waves up to 0.9304 already. Below 0.9162 will target a test on 0.8998 low. On the upside, break of 0.9244 will likely resume the rebound through 0.9304, to 38.2% retracement of 0.9901 to 0.8998 at 0.9343.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9162; (P) 0.9189; (R1) 0.9212; More…

Further decline is mildly in favor in USD/CHF with 0.9244 minor resistance intact. Corrective rebound from 0.8998 could have completed with three waves up to 0.9304 already. Deeper fall would be seen to retest 0.8998 low. On the upside, break of 0.9244 will likely resume the rebound through 0.9304, to 38.2% retracement of 0.9901 to 0.8998 at 0.9343.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9167; (P) 0.9206; (R1) 0.9249; More…

Current development argues that USD/CHF’s corrective rebound from 0.8998 has completed with three waves up to 0.9304. Intraday bias is turned back to the downside for retesting 0.8998 low. On the upside, break of 0.9244 will likely resume the rebound through 0.9304, to 38.2% retracement of 0.9901 to 0.8998 at 0.9343.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9167; (P) 0.9206; (R1) 0.9249; More…

Focus stays on 0.9200 resistance turned support in USD/CHF. Sustained break will argue that the rebound has completed and turn bias back to the downside for retesting 0.8998. On the upside, break of 0.9304 will extend the rebound from 0.8998 to 38.2% retracement of 0.9901 to 0.8998 at 0.9343.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9173; (P) 0.9211; (R1) 0.9231; More…

Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.9304 will extend the rebound from 0.8998 to 38.2% retracement of 0.9901 to 0.8998 at 0.9343. However, sustained break of 0.9200 will argue that the rebound has completed and turn bias back to the downside for retesting 0.8998.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9173; (P) 0.9211; (R1) 0.9231; More…

USD/CHF breached 0.9200 resistance turned support briefly but quickly recovered. Intraday bias remains neutral first. On the upside, break of 0.9304 will extend the rebound from 0.8998 to 38.2% retracement of 0.9901 to 0.8998 at 0.9343. However, sustained break of 0.9200 will argue that the rebound has completed and turn bias back to the downside for retesting 0.8998.

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 0.9376 support turned resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.