Daily Pivots: (S1) 0.9225; (P) 0.9261; (R1) 0.9280; More…

USD/CHF’s pull back from 0.9304 extends lower today, but stays above 0.9200 resistance turned support. Intraday bias remains neutral and another rise is still in favor. 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) 0.9225; (P) 0.9261; (R1) 0.9280; More…

Intraday bias in USD/CHF remains neutral for consolidation below 0.9304 temporary top. Further rise is expected with 0.9200 resistance turned support intact. 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) 0.9262; (P) 0.9279; (R1) 0.9307; More…

A temporary top is in place at 0.9304 with today’s retreat. Intraday bias in USD/CHF is turned neutral first. Further rise is expected as long as 0.9200 resistance turned support holds. 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) 0.9262; (P) 0.9279; (R1) 0.9307; More…

Intraday bias in USD/CHF remains on the upside at this point. Rise form 0.8998 short term bottom is still in progress for resistance zone of 0.9376 and 38.2% retracement of 0.9901 to 0.8998 at 0.9343. Sustained break there will carry larger bullish implications and target 61.8% retracement at 0.9556. On the downside, break of 0.9250 minor support will turn intraday bias neutral and bring some consolidations 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. 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 rebound form 0.8998 resumed last week and reached as high as 0.9296. Initial bias remains on the upside this week for resistance zone of 0.9376 and 38.2% retracement of 0.9901 to 0.8998 at 0.9343. Sustained break there will carry larger bullish implications and target 61.8% retracement at 0.9556. On the downside, break of 0.9215 minor support will turn intraday bias neutral and bring some consolidations 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. 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) 0.9230; (P) 0.9255; (R1) 0.9294; More…

USD/CHF’s rally is still in progress and intraday bias stays on the upside for the moment. Rebound from 0.8998 should target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. Sustained break there will pave the way to 61.8% retracement at 0.9556. On the downside, break of 0.9215 minor support will turn intraday bias neutral and bring some consolidations first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). There is no clear sign of completion yet and 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.

Daily Pivots: (S1) 0.9230; (P) 0.9255; (R1) 0.9294; More…

Intraday bias in USD/CHF remains on the upside at this point. Rebound from 0.8998 should target 38.2% retracement of 0.9901 to 0.8998 at 0.9343. Sustained break there will pave the way to 61.8% retracement at 0.9556. On the downside, break of 0.9190 minor support will turn intraday bias neutral and bring some consolidations first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). There is no clear sign of completion yet and 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.

Daily Pivots: (S1) 0.9203; (P) 0.9224; (R1) 0.9257; More…

Intraday bias in USD/CHF remains on the upside as rebound from 0.8998 is in progress for 38.2% retracement of 0.9901 to 0.8998 at 0.9343. Sustained break there will pave the way to 61.8% retracement at 0.9556. On the downside, break of 0.9190 minor support will turn intraday bias neutral and bring some consolidations first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). There is no clear sign of completion yet and 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.

Daily Pivots: (S1) 0.9203; (P) 0.9224; (R1) 0.9257; More…

USD/CHF’s rebound from 0.8998 is still in progress and intraday bias stays on the upside. Next target is 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the upside, break of 0.9171 minor support will turn intraday bias neutral first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9154; (P) 0.9181; (R1) 0.9225; More…

Intraday bias in USD/CHF remains on the upside at this point. Rebound from 0.8998 short term bottom is in progress for 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9051 support is needed to confirm completion of the rebound. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9154; (P) 0.9181; (R1) 0.9225; More…

USD/CHF’s break of 0.9200 resistance indicates resumption rebound form 0.8998 short term bottom. Intraday bias is turned back to the upside for 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, break of 0.9051 support is needed to confirm completion of the rebound. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9098; (P) 0.9134; (R1) 0.9182; More…

Range trading continues in USD/CHF and intraday bias remains neutral for the moment. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9098; (P) 0.9134; (R1) 0.9182; More…

Range trading continues in USD/CHF and intraday bias remains neutral first. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9088; (P) 0.9100; (R1) 0.9126; More…

Intraday bias in USD/CHF stays neutral as it’s still bounded in range of 0.8998/9200. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9088; (P) 0.9100; (R1) 0.9126; More…

Intraday bias in USD/CHF remains neutral as consolidation form 0.8998 is extending. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

USD/CHF stays in consolidation in range of 0.8998/9200 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 0.8998 will resume larger down trend. On the upside, break of 0.9200 will resume the rebound from 0.8998 short term bottom, towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

In the long term picture, price actions from 0.7065 (2011 low) are not clearly impulsive yet. Thus, we’ll treat it as developing into a corrective pattern, at least, until a firm break of 1.0342 resistance.

Daily Pivots: (S1) 0.9064; (P) 0.9102; (R1) 0.9122; More…

USD/CHF is extending the consolidation pattern from 0.8998 and intraday bias remains neutral at this point. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9064; (P) 0.9102; (R1) 0.9122; More…

Sideway consolidations in USD/CHF continue and intraday bias remains neutral for the moment. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9064; (P) 0.9087; (R1) 0.9120; More…

Intraday bias in USD/CHF remains neutral as consolidation continues. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.

Daily Pivots: (S1) 0.9064; (P) 0.9087; (R1) 0.9120; More…

USD/CHF is still staying in range of 0.8998/9200 and intraday bias remains neutral at this point. On the downside, break of 0.8998 will resume larger down trend. Nevertheless, break of 0.9200 will resume the rebound towards 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 low), which is still extending. Sustained trading below 100% projection of 1.0342 to 0.9186 from 1.0237 at 0.9081 will pave the way to 138.2% projection at 0.8639. On the upside, break of 0.9376 resistance is needed to be the first sign of medium term bottoming.