USD/CHF’s recovery from was limited at 0.9200 last week and reversed since then. Initial bias remains neutral this week 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.

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) 0.9059; (P) 0.9095; (R1) 0.9140; More…

Intraday bias in USD/CHF is turned neutral against as it recovers well ahead of 0.8998 low. On the downside, break there 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) 0.9059; (P) 0.9095; (R1) 0.9140; More…

Intraday bias in USD/CHF remains mildly on the downside for retesting 0.8998. Break 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) 0.9157; (P) 0.9179; (R1) 0.9201; More…

USD/CHF’s break of 0.9082 suggests that corrective rebound from 0.8998 has completed well earlier than expected at 0.9200. Intraday bias is back on the downside for retesting 0.8998 support. Break 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) 0.9144; (R1) 0.9169; More…

Intraday bias in USD/CHF remains neutral first. Another rise is in favor with 0.9082 minor support intact. Brea of 0.9200 will resume the rebound from 0.8998 to 55 day EMA (now at 0.9230) and then 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, below 0.9082 minor support will turn bias back to the downside for retesting 0.8998 low instead.

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) 0.9157; (P) 0.9179; (R1) 0.9201; More…

With 4 hour MACD crossed below signal line, a temporary top is formed at 0.9200, just ahead of 55 day EMA (now at 0.9230). Intraday bias is turned neutral first. Rebound from 0.8998 short term bottom could still extend higher. Sustained break of 44 day EMA will pave the way to 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, below 0.9082 minor support will turn bias back to the downside for retesting 0.8998 low instead.

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) 0.9157; (P) 0.9179; (R1) 0.9201; More…

Intraday bias in USD/CHF remains on the upside at this point. Sustained of 55 day EMA (now at 0.9230) will pave the way to 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, below 0.9082 minor support will turn bias back to the downside for retesting 0.8998 low instead.

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) 0.9132; (P) 0.9151; (R1) 0.9181; More…

Intraday bias in USD/CHF remains on the upside at this point. Current rebound from 0.8998 short term bottom should target 55 day EMA (now at 0.9230) and above. Such rise is currently seen as a corrective move and hence, we’d pay attention to topping around 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, below 0.9082 minor support will turn bias back to the downside for retesting 0.8998 low instead.

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) 0.9132; (P) 0.9151; (R1) 0.9181; More…

USD/CHF’s break of 0.9161 resistance should confirm short term bottoming at 0.8998, on bullish convergence condition in 4 hour MACD. Intraday bias is turned back to the upside for 55 day EMA (now at 0.9230) and above. Such rise is currently seen as a corrective move and hence, we’d pay attention to topping around 38.2% retracement of 0.9901 to 0.8998 at 0.9343. On the downside, below 0.9082 minor support will turn bias back to the downside for retesting 0.8998 low instead.

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) 0.9095; (P) 0.9130; (R1) 0.9168; More…

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.8998 support will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. However, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9230) and above.

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) 0.9095; (P) 0.9130; (R1) 0.9168; More…

Intraday bias in USD/CHF remains neutral at this point. Outlook stays bearish with 0.9161 resistance intact. On the downside, break of 0.8998 support will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. However, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9228) and above.

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 edged lower to 0.8998 last week but recovered since then. Upside is still limited by 0.9161 resistance and thus outlook stays bearish. Break of 0.8998 support will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. However, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9232) and above.

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) 0.9071; (P) 0.9106; (R1) 0.9130; More…

USD/CHF is drawing support from 4 hour 55 EMA, but stays below 0.9161 resistance. Intraday bias remains neutral first. On the downside, break of 0.8998 temporary low will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. Nevertheless, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9231) and above.

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) 0.9071; (P) 0.9106; (R1) 0.9130; More…

USD/CHF is staying in range of 0.8998/9161 and intraday bias remains neutral first. With 0.9161 resistance intact, further decline is still expected. On the downside, break of 0.8998 temporary low will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. Nevertheless, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9231) and above.

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) 0.9086; (P) 0.9111; (R1) 0.9133; More…

Intraday bias in USD/CHF remains neutral as it’s staying in range of 0.8998/9161. As long as 0.9161 resistance holds, further decline is still expected. On the downside, break of 0.8998 temporary low will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. Nevertheless, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9236) and above.

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) 0.9086; (P) 0.9111; (R1) 0.9133; More…

Intraday bias in USD/CHF remains neutral for the moment. As long as 0.9161 resistance holds, further decline is still expected. On the downside, break of 0.8998 temporary low will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. Nevertheless, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9242) and above.

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) 0.9028; (P) 0.9065; (R1) 0.9130; More…

USD/CHF is still bounded in range of 0.8998/9161 and intraday bias remains neutral first. Further decline is expected as long as 0.9161 resistance holds. On the downside, break of 0.8998 temporary low will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. Nevertheless, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound, to 55 day EMA (now at 0.9242).

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) 0.9028; (P) 0.9065; (R1) 0.9130; More…

Intraday bias in USD/CHF remains neutral for the moment. Outlook stays bearish for further decline as long as 0.9161 resistance holds. On the downside, break of 0.8998 temporary low will resume larger down trend to 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. Nevertheless, sustained break of 0.9161 will confirm short term bottoming, and turn bias to the upside for stronger rebound.

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) 0.9007; (P) 0.9030; (R1) 0.9061; More…

USD/CHF dipped to 0.8998 but quickly recovered. Intraday bias is turned neutral again first. On the upside, break of 0.9161 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery. Break of 0.8998 will target 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845.

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) 0.9007; (P) 0.9030; (R1) 0.9061; More…

USD/CHF’s break of 0.9009 suggests decline resumption. Intraday bias is turned back to the downside for 100% projection of 1.0237 to 0.9181 from 0.9901 at 0.8845. On the upside, break of 0.9161 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain 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 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.