USD/CHF edged lower to 0.9355 but recovered since then. Initial bias remains neutral this week for consolidations first. But further decline is expected as long as 0.9680 resistance holds. Break of 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9775) holds.

In the long term picture, long term sideway pattern from 1.0342 (2016 high) is extending and it’s probably in another medium term down leg. Downside will likely be contained by 0.8756 support in case of deeper fall. Overall, range trading should continue until further development.

Daily Pivots: (S1) 0.9452; (P) 0.9504; (R1) 0.9575; More…

USD/CHF is staying in consolidation from 0.9355 and intraday bias remains neutral. In case of stronger recovery, upside should be limited below 0.9680 minor resistance to bring another decline. On the downside, break of 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9793) holds.

Daily Pivots: (S1) 0.9452; (P) 0.9504; (R1) 0.9575; More…

Intraday bias in USD/CHF stays neutral as recovery from 0.9355 is in progress. Upside of recovery should be limited below 0.9680 minor resistance to bring another decline. On the downside, break of 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9793) holds.

Daily Pivots: (S1) 0.9399; (P) 0.9434; (R1) 0.9483; More…

USD/CHF’s recovery from 0.9355 extends higher today and intraday bias stays neutral. Upside of recovery should be limited below 0.9680 minor resistance to bring another decline. Below 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9793) holds.

Daily Pivots: (S1) 0.9399; (P) 0.9434; (R1) 0.9483; More…

USD/CHF is staying in consolidation above 0.9355 and intraday bias remains neutral. Upside of recovery should be limited below 0.9680 minor resistance to bring another decline. Below 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9793) holds.

Daily Pivots: (S1) 0.9377; (P) 0.9427; (R1) 0.9496; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9335 temporary low. Upside of recovery should be limited below 0.9680 minor resistance to bring another decline. Below 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9793) holds.

Daily Pivots: (S1) 0.9377; (P) 0.9427; (R1) 0.9496; More…

A temporary low is formed at 0.9355 and intraday bias in USD/CHF is turned neutral for some consolidations. Upside of recovery should be limited by 0.9680 minor resistance to bring another decline. Below 0.9355 will resume the fall from 1.0146 to 0.9287 fibonacci level.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9793) holds.

Daily Pivots: (S1) 0.9395; (P) 0.9442; (R1) 0.9479; More…

Intraday bias in USD/CHF remains on the downside despite some loss of downside momentum. Next target is 0.9369 support is already met and next target is 0.9287 fibonacci level. On the upside, break of 0.9488 minor resistance will turn intraday bias neutral first and bring consolidation, before staging another decline.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9821) holds.

Daily Pivots: (S1) 0.9395; (P) 0.9442; (R1) 0.9479; More…

USD/CHF is losing some downside momentum as seen in 4 hour MACD. But intraday bias stays on the downside for 0.9369 support, and then 0.9287 fibonacci level. On the upside, break of 0.9488 minor resistance will turn intraday bias neutral first and bring consolidation, before staging another decline.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9821) holds.

Daily Pivots: (S1) 0.9313; (P) 0.9497; (R1) 0.9597; More…

USD/CHF’s decline from 1.0146 is still in progress and intraday bias stays on the downside. Further fall should be seen to 0.9369 support, and then 0.9287 fibonacci level. On the upside, break of 0.9544 minor resistance will turn intraday bias neutral first and bring consolidation, before staging another decline.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9821) holds.

Daily Pivots: (S1) 0.9313; (P) 0.9497; (R1) 0.9597; More…

Intraday bias in USD/CHF stays on the downside at this point. Further fall should be seen to 0.9369 support, and then 0.9287 fibonacci level. On the upside, break of 0.9544 minor resistance will turn intraday bias neutral first and bring consolidation, before staging another decline.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall from 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9821) holds.

USD/CHF fell sharply last week after completing a double top and hit as low as 0.9363. The strong down trend momentum suggests that larger trend has reversed. Initial bias stays on the downside this week for 0.9369 support, and then 0.9287 fibonacci level. On the upside, break of 0.9544 minor resistance will turn intraday bias neutral first and bring consolidation, before staging another decline.

In the bigger picture, rise from 0.8756 (2021 low) has completed at 1.0146, well ahead of 1.0342 long term resistance (2016 high). Based on current downside momentum, fall form 1.0146 might be a medium term down trend itself. Break of 61.8% retracement of 0.8756 to 1.0146 at 0.9287 will pave the way to 0.8756. In any case, risk will stay on the downside as long as 55 day EMA (now at 0.9834) holds.

In the long term picture, long term sideway pattern from 1.0342 (2016 high) is extending and it’s probably in another medium term down leg. Downside will likely be contained by 0.8756 support in case of deeper fall. Overall, range trading should continue until further development.

Daily Pivots: (S1) 0.9545; (P) 0.9722; (R1) 0.9813; More…

USD/CHF’s decline accelerated to as low as 0.9617s so far, and there is no sign of bottoming yet. Sustained trading below 61.8% retracement of 0.9369 to 1.0146 at 0.9666 will raise the chance of larger reversal and target 0.9478 support next. On the upside, above 0.9698 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term top should be in place at 1.0146 on bearish divergence condition in daily MACD. Fall from 1.0146 support is probably a correction to the whole up trend from 0.8756 (2021 low). Firm break of 55 week EMA (now at 0.9578) will pave the way to 0.9369 support and possibly below.

Daily Pivots: (S1) 0.9802; (P) 0.9838; (R1) 0.9876; More…

USD/CHF’s fall from 1.0146 accelerates lower today and intraday bias stays on the downside. Next target is 61.8% retracement of 0.9369 to 1.0146 at 0.9666. Sustained break there will raise the chance of larger reversal. On the upside, above 0.9897 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term top should be in place at 1.0146 on bearish divergence condition in daily MACD. Fall from 1.0146 support is currently seen as a correction to rise from 0.9369 only. That is, another rise could still be seen through 1.0146. However, sustained break of 61.8% retracement of 0.9369 to 1.0146 at 0.9666 will raise the chance of larger reversal, and target 55 week EMA (now at 0.9578).

Daily Pivots: (S1) 0.9802; (P) 0.9838; (R1) 0.9876; More…

Intraday bias in USD/CHF remains on the downside and outlook is unchanged. A double top pattern should be completed (1.0146, 1.0146). Deeper fall should be seen to 61.8% retracement of 0.9369 to 1.0146 at 0.9666. On the upside, above 0.9925 minor resistance will turn intraday bias neutral first.

In the bigger picture, upside momentum is diminishing as seen in daily MACD. But up trend from 0.8756 (2021 low) is still in favor to resume as long as 0.9799 support holds. Break of 1.0146 will target 1.0342 (2016 high). However, sustained break of 0.9779 will suggest that a large scale correction, at least, is underway.

Daily Pivots: (S1) 0.9822; (P) 0.9874; (R1) 0.9912; More…

Intraday bias in USD/CHF stays on the downside at this point. A double top pattern should be completed (1.0146, 1.0146). Deeper fall should be seen to 61.8% retracement of 0.9369 to 1.0146 at 0.9666. On the upside, above 0.9925 minor resistance will turn intraday bias neutral first.

In the bigger picture, upside momentum is diminishing as seen in daily MACD. But up trend from 0.8756 (2021 low) is still in favor to resume as long as 0.9799 support holds. Break of 1.0146 will target 1.0342 (2016 high). However, sustained break of 0.9779 will suggest that a large scale correction, at least, is underway.

Daily Pivots: (S1) 0.9822; (P) 0.9874; (R1) 0.9912; More…

USD/CHF’s break of 0.9840 support suggests that a double top pattern was completed. (1.0146, 1.0146). The break of 55 day EMA is also a near term bearish sign. Intraday bias is back on the downside for 61.8% retracement of 0.9369 to 1.0146 at 0.9666. On the upside, above 0.9925 minor resistance will turn intraday bias neutral first.

In the bigger picture, upside momentum is diminishing as seen in daily MACD. But up trend from 0.8756 (2021 low) is still in favor to resume as long as 0.9799 support holds. Break of 1.0146 will target 1.0342 (2016 high). However, sustained break of 0.9779 will suggest that a large scale correction, at least, is underway.

Daily Pivots: (S1) 0.9843; (P) 0.9916; (R1) 0.9957; More…

Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Further rally is expected as long as 0.9840 support holds. Break of 1.0146 will resume larger up trend to 1.0283 projection level. However, sustained break of 0.9840 will now complete a double top pattern, and turn bias back to the downside for 0.9478 support instead.

In the bigger picture, up trend from 0.8756 (2021 low) is still in progress. Next target is 100% projection of 0.9149 to 1.0063 from 0.9369 at 1.0283, and then 1.0342 (2016 high). For now, this will remain the favored case as long as 0.9779 support holds, even in case of deep pull back.

Daily Pivots: (S1) 0.9868; (P) 1.0006; (R1) 1.0081; More…

USD/CHF is still bounded in range of 0.9840/1.0146 and intraday bias remains neutral. Consolidation from 1.0146 could extend further, but further rally is expected as long as 0.9840 support holds. Break of 1.0146 will resume larger up trend to 1.0283 projection level. However, sustained break of 0.9840 will now complete a double top pattern, and turn bias back to the downside for 0.9478 support instead.

In the bigger picture, up trend from 0.8756 (2021 low) is still in progress. Next target is 100% projection of 0.9149 to 1.0063 from 0.9369 at 1.0283, and then 1.0342 (2016 high). For now, this will remain the favored case as long as 0.9779 support holds, even in case of deep pull back.

Daily Pivots: (S1) 0.9868; (P) 1.0006; (R1) 1.0081; More…

Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 1.0146 could extend further, but further rally is expected as long as 0.9840 support holds. Break of 1.0146 will resume larger up trend to 1.0283 projection level. However, sustained break of 0.9840 will now complete a double top pattern, and turn bias back to the downside for 0.9478 support instead.

In the bigger picture, up trend from 0.8756 (2021 low) is still in progress. Next target is 100% projection of 0.9149 to 1.0063 from 0.9369 at 1.0283, and then 1.0342 (2016 high). For now, this will remain the favored case as long as 0.9779 support holds, even in case of deep pull back.