USD/CHF’s down trend continued last week and reached as low as 0.8851. As a temporary low was formed, initial bias is neutral this week for some consolidations. upside of recovery should be limited by 0.8982 support turned resistance to bring fall resumption. On the downside, break of 0.8851 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8842; (P) 0.8872; (R1) 0.8892; More….

Intraday bias in USD/CHF is turned neutral again with today’s recovery. Upside of recovery should be limited by 0.8982 support turned resistance to bring fall resumption. On the downside, break of 0.8851 will resume the larger down trend to 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8842; (P) 0.8872; (R1) 0.8892; More….

Intraday bias in USD/CHF remains on the downside for the moment. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, though, break of 0.8914 minor resistance will turn intraday bias neutral again and bring more consolidations first, before staging another decline

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) 0.8872; (P) 0.8893; (R1) 0.8916; More….

USD/CHF’s break of 0.8871 temporary low should indicate down trend resumption. Intraday bias is back on the downside for t 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, though, break of 0.8914 minor resistance will turn intraday bias neutral again and bring more 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. 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) 0.8872; (P) 0.8893; (R1) 0.8916; More….

Intraday bias in USD/CHF stays neutral for some more consolidations above 0.8871 temporary low. In case of another recovery, upside should be limited by 0.8982 support turned resistance to bring another decline. On the downside, firm break of 0.8871 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8877; (P) 0.8895; (R1) 0.8909; More….

Intraday bias in USD/CHF remains neutral first. Consolidation from 0.8875 temporary low might extend. But in case of another recovery, upside should be limited by 0.8982 support turned resistance to bring another decline. On the downside, firm break of 0.8875 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8877; (P) 0.8895; (R1) 0.8909; More….

USD/CHF’s consolidation from 0.8875 is still extending and intraday bias remains neutral first. In case of another recovery, upside should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8875 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8874; (P) 0.8911; (R1) 0.8945; More….

Intraday bias in USD/CHF remains neural for consolidation above 0.8875 temporary low. In case of another recovery, upside should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8875 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8874; (P) 0.8911; (R1) 0.8945; More….

USD/CHF edged lower to 0.8875 but quickly recovered. Intraday bias remains neutral first. In case of another recovery, upside should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8875 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8896; (P) 0.8909; (R1) 0.8933; More….

USD/CHF is staying in consolidation from 0.8885 temporary low and intraday bias remains neutral first. Upside of recovery should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8885 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8896; (P) 0.8909; (R1) 0.8933; More….

Intraday bias in USD/CHF stays neutral for some consolidations first. Upside of recovery should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8885 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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 resumed last week and hit as low as 0.8855. A temporary low could be in place and initial bias is neutral for some consolidation first. Upside of recovery should be limited by 0.8982 support turned resistance to bring another decline. On the downside, break of 0.8885 will target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next.

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) 0.8881; (P) 0.8918; (R1) 0.8944; More….

USD/CHF’s decline is still in progress and intraday bias stays on the downside. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8967 minor resistance will turn bias neutral and bring recovery 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8881; (P) 0.8918; (R1) 0.8944; More….

Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8967 minor resistance will turn bias neutral and bring recovery 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8924; (P) 0.8969; (R1) 0.8994; More….

USD/CHF’s decline continues today and intraday bias remains on the downside. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.8967 minor resistance will turn bias neutral and bring recovery 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8924; (P) 0.8969; (R1) 0.8994; More….

Intraday bias in USD/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9013 minor resistance will turn bias neutral and bring recovery 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8966; (P) 0.9028; (R1) 0.9062; More….

USD/CHF”s break of 0.8982 confirms down trend resumption. Intraday bias remains on the downside for 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746 next. On the upside, break of 0.9019 minor resistance will turn bias neutral and bring recovery 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.8966; (P) 0.9028; (R1) 0.9062; More….

Focus is now immediately on 0.8982 support in USD/CHF. Decisive break there will confirm down trend resumption and target 61.8% projection of 0.9901 to 0.8998 from 0.9304 at 0.8746. On the upside, break of 0.9093 resistance, however, will turn bias to the upside and extend the consolidation from 0.8982 with another rising leg.

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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9043; (P) 0.9068; (R1) 0.9117; More….

Intraday bias in USD/CHF is turned neutral with current recovery. Further fall is mildly in favor as long as 0.9093 minor resistance intact. On the downside, decisive break of 0.8982 will resume larger down trend. On the upside, above 0.9093 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.

Daily Pivots: (S1) 0.9032; (P) 0.9058; (R1) 0.9074; More….

No change in USD/CHF’s outlook so far and intraday bias remains on the downside for retesting 0.8982 low first. Firm break there will resume larger down trend. On the upside, above 0.9093 minor resistance will turn bias back to the upside for 0.9192/9207 resistance zone 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 0.9304 resistance will be an early sign of trend reversal and turn focus back to 0.9901 key resistance for confirmation.