Daily Pivots: (S1) 0.9980; (P) 1.0002; (R1) 1.0023; More…

Intraday bias in USD/CHF remains mildly on the downside at this point. Consolidation from 1.0227 is in it’s third down leg. Deeper fall could be seen to 0.9868 support, and possibly below. On the upside, though, decisive break of 1.0027 will confirm resumption of larger rally from 0.9659.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9980; (P) 1.0002; (R1) 1.0023; More…

USD/CHF’s sharp decline and break of 0.9980 minor support suggests rejection by 1.0027 resistance. Consolidation from is possibly starting another down leg. Intraday bias is turned back to the upside for 0.9868 support, and possibly below. On the upside, though, decisive break of 1.0027 will confirm resumption of larger rally from 0.9659.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9980; (P) 1.0002; (R1) 1.0023; More…

Intraday bias in USD/CHF remains on the upside with 0.9980 minor support intact. Firm break of 1.0027 resistance will confirm resumption of later rally from 0.9659. Further rise should then be seen to 61.8% projection of 0.9659 to 1.0027 from 0.9869 at 1.0095 next. On the downside, below 0.9980 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

USD/CHF’s break of 0.9978 resistance last week suggests that larger rise from 0.9659 might be ready to resume. Initial bias stays on the upside this week. Firm break of 1.0027 will confirm this bullish case and target 61.8% projection of 0.9659 to 1.0027 from 0.9869 at 1.0095 next. On the downside, below 0.9980 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

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) 0.9977; (P) 0.9989; (R1) 1.0007; More…

USD/CHF rises to as high as 1.0019 so far. Intraday bias stays on the upside for 1.0027 resistance first. Break will resume whole rise from 0.9659. Next upside target will be 61.8% projection of 0.9659 to 1.0027 from 0.9869 at 1.0095. On the downside, below 0.9980 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9977; (P) 0.9989; (R1) 1.0007; More…

USD/CHF continues to lose upside momentum as seen in 4 hour MACD. But further rise is expected with 0.9960 minor support intact. As noted before, consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9960 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9977; (P) 0.9989; (R1) 1.0007; More…

Intraday bias in USD/CHF remains on the upside for the moment. As noted before, consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9960 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9962; (P) 0.9975; (R1) 0.9986; More…

USD/CHF’s rise continues today and intraday bias remains on the upside at this point. Consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9960 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9962; (P) 0.9975; (R1) 0.9986; More…

With 0.9949 minor support intact, intraday bias in USD/CHF stays cautiously on the upside. Consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9949 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9957; (P) 0.9971; (R1) 0.9983; More…

Intraday bias in USD/CHF remains mildly on the upside with 0.9949 minor support intact. Consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9949 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9957; (P) 0.9971; (R1) 0.9983; More…

USD/CHF is losing some upside momentum as seen in 4 hour MACD. But with 0.9949 minor support intact, intraday bias remains mildly on the upside. Consolidation from 1.0027 should have completed at 0.9869. Further rise should be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9949 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9938; (P) 0.9959; (R1) 0.9993; More…

USD/CHF’s break of 0.9978 resistance suggests that consolidation pattern from 1.0027 has completed at 0.9868. Intraday bias is now on the upside for retesting 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. On the downside, however, break of 0.9949 minor support will turn bias to the downside to extend the consolidation with another falling leg.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9938; (P) 0.9959; (R1) 0.9993; More…

Focus remains on 0.9978 resistance in USD/CHF. Firm break there will suggest that consolidation pattern from 1.0027 has completed at 0.9868. Further rise should then be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. For now, near term outlook will remain cautiously bullish as long as 0.9868 support holds.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Immediate focus in on 0.9978 resistance in USD/CHF this week. Firm break there will suggest that consolidation pattern from 1.0027 has completed at 0.9868. Further rise should then be seen to retest 1.0027 first. Break will resume whole rise from 0.9659 to 78.6% retracement of 1.0237 to 0.9659 at 1.0113. For now, near term outlook will remain cautiously bullish as long as 0.9868 support holds.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

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) 0.9904; (P) 0.9919; (R1) 0.9948; More…

IIntraday bias in USD/CHF remains neutral as consolidation from 1.0027 is extending. On the upside, break of 0.9978 resistance will turn bias back to the upside for 1.0027 resistance first. Break there will resume whole rise from 0.9659 low. For now, downside of any down leg should be contained above 0.9841 support. But firm break there would pave the wave back to retest 0.9659 low.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9904; (P) 0.9919; (R1) 0.9948; More…

Intraday bias in USD/CHF remains neutral as consolidation from 1.0027 is extending. On the upside, break of 0.9978 resistance will turn bias back to the upside for 1.0027 resistance first. Break there will resume whole rise from 0.9659 low. For now, downside of any down leg should be contained above 0.9841 support. But firm break there would pave the wave back to retest 0.9659 low.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9894; (P) 0.9916; (R1) 0.9932; More…

USD/CHF is staying in consolidation from 1.0027 and intraday bias remains neutral first. On the upside, break of 0.9978 resistance will turn bias back to the upside for 1.0027 resistance first. Break there will resume whole rise from 0.9659 low. For now, downside of any down leg should be contained above 0.9841 support. But firm break there would pave the wave back to retest 0.9659 low.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9894; (P) 0.9916; (R1) 0.9932; More…

Intraday bias in USD/CHF remains neutral as range trading continues. On the upside, break of 0.9978 resistance will turn bias back to the upside for 1.0027 resistance first. Break there will resume whole rise form 0.9659 low. For now, downside of any down leg should be contained above 0.9841 support. But firm break there would pave the wave back to retest 0.9659 low.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9889; (P) 0.9904; (R1) 0.9920; More…

USD/CHF recovers well ahead of 0.9851 support but stays in familiar range. Intraday bias remains neutral first and more sideway consolidation could be seen. On the upside, break of 0.9978 resistance will turn bias back to the upside for 1.0027 resistance first. Break there will resume whole rise form 0.9659 low. For now, downside of any down leg should be contained above 0.9841 support. But firm break there would pave the wave back to retest 0.9659 low.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.

Daily Pivots: (S1) 0.9889; (P) 0.9904; (R1) 0.9920; More…

Intraday bias in USD/CHF remains neutral for the moment. Consolidation might extend further through 0.9851. In that case, deeper fall could be seen back towards 0.9659 low. On the upside, break of 0.9978 will target 1.0027 first.

In the bigger picture, medium term outlook remains neutral as USD/CHF is staying in range of 0.9659/1.0237. In any case, decisive break of 1.0237 is needed to indicate up trend resumption. Otherwise, more sideway trading would be seen with risk of another fall. Meanwhile, break of 0.9695 support will target 0.9541 support instead.