Daily Pivots: (S1) 0.9452; (P) 0.9502; (R1) 0.9571; More…

Intraday bias in USD/CHF remains mildly on the upside. Rebound from 0.9376 is on track to 55 day EMA (now at 0.9646). Sustained break there would pave the way to 0.9901 resistance. On the downside, break of 0.9376 will resume the fall from 0.9901 instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

USD/CHF dived to as low as 0.9376 last week as fall form 0.9901 extended. But subsequent rebound suggests short term bottoming. Initial bias is mildly on the upside this week for 55 day EMA (now at 0.9651). Sustained break there would pave the way to 0.9901 resistance. On the downside, break of 0.9376 will resume the fall from 0.9901 instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

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) 0.9393; (P) 0.9426; (R1) 0.9477; More…

Intraday bias in USD/CHF remains neutral for consolidation above 0.9376 temporary low. Further fall is expected as long as 0.9514 minor resistance holds. Break of 0.9376 will extend the whole decline from 0.9901 to t 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. Nevertheless, firm break of 0.9514 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9643).

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9393; (P) 0.9426; (R1) 0.9477; More…

A temporary low is formed at 0.9376 in USD/CHF with today’s recovery. intraday bias is turned neutral first. Further fall is expected as long as 0.9514 minor resistance holds. Break of 0.9376 will extend the whole decline from 0.9901 to t 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337. Nevertheless, firm break of 0.9514 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 0.9643).

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9403; (P) 0.9459; (R1) 0.9493; More…

Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9901 should target 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337 next. On the upside, break of 0.9514 minor resistance is needed to indicate short term bottoming. Otherwise, further fall will remain in favor 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). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9403; (P) 0.9459; (R1) 0.9493; More…

USD/CHF’s fall continues today and intraday bias remains on the downside. 61.8% retracement of 0.9181 to 0.9901 at 0.9456 is taken out and there’s not sign of bottoming yet. Further fall should be seen to 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337 next. On the upside, break of 0.9514 minor resistance is needed to indicate short term bottoming. Otherwise, further fall will remain in favor 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). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9465; (P) 0.9525; (R1) 0.9568; More…

USD/CHF’s decline is still in progress and is pressing 61.8% retracement of 0.9181 to 0.9901 at 0.9456. We’d still expect some support form the current level to bring rebound. On the upside, break of 0.9514 minor resistance will turn bias back to the upside for rebound. However, sustained break of 0.9456 will target 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9465; (P) 0.9525; (R1) 0.9568; More…

Intraday bias in USD/CHF remains on the downside at this point. With 0.9502 support broken, deeper decline would be seen to 61.8% retracement of 0.9181 to 0.9901 at 0.9456. We’d expect strong support from there to bring rebound. On the upside, break of 0.9541 minor resistance will turn intraday bias back to the upside. However, sustained break of 0.9456 will target 100% projection of 0.9901 to 0.9502 from 0.9736 at 0.9337.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound from 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9542; (P) 0.9591; (R1) 0.9625; More…

USD/CHF’s break of 0.9541 suggests resumption of correction from 0.9901. Intraday bias is back on the downside for 0.9502 support. But still, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9650 resistance should turn bias back to the upside for 0.9784 resistance first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9542; (P) 0.9591; (R1) 0.9625; More…

Intraday bias in USD/CHF remains neutral as range trading continues. On the upside, break of 0.9647 minor resistance will argue that consolidation pattern from 0.9901 has completed. Intraday bias will be turned back to the upside for 0.9784 resistance first. On the downside, break of 0.9541 will bring another fall, but downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9560; (P) 0.9605; (R1) 0.9669; More…

USD/CHF is staying in range above 0.9541 and intraday bias remains neutral first. On the upside, break of 0.9647 minor resistance will argue that consolidation pattern from 0.9901 has completed Intraday bias will be turned back to the upside for 0.9784 resistance first. On the downside, break of 0.9541 will bring another fall, but downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9560; (P) 0.9605; (R1) 0.9669; More…

Intraday bias in USD/CHF remains neutral first. On the upside, break of 0.9647 minor resistance will argue that consolidation pattern from 0.9901 has completed Intraday bias will be turned back to the upside for 0.9784 resistance first. On the downside, break of 0.9541 will bring another fall, but downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

USD/CHF dipped to 0.9541 last week but recovered since then. Initial bias is neutral this week first. Corrective pattern from 0.9901 might still extend lower. But in that case, downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9647 minor resistance will turn bias back to the upside for 0.9874 first.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

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) 0.9525; (P) 0.9575; (R1) 0.9605; More…

USD/CHF rebounded strongly in early US session and focus is back on 0.9647 minor resistance. Break will argue that corrective pattern from 0.9901 might have completed. Intraday bias will be turned back to 0.9784 resistance first. On the downside, break of 0.9541 will extend the correction to 0.9502 support and below. Though, we’d still expect strong support from 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to bring rebound.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9525; (P) 0.9575; (R1) 0.9605; More…

USD/CHF’s decline resumed after recovery was rejected by 4 hour 55 EMA. Intraday bias is back on the downside for 0.9502 support and below. Though, we’d still expect strong support from 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to complete the consolidation pattern from 0.9901. On the upside, break of 0.9647 resistance should turn bias back to the upside for rebound. However, sustained trading below 0.9456 could pave the way to 0.9181 low.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9596; (P) 0.9622; (R1) 0.9637; More…

Intraday bias in USD/CHF stays neutral first and some more sideway trading could be seen above 0.9573 temporary low. Another fall remains in favor with 0.9763 resistance intact. Break of 0.9573 will extend the corrective pattern from 0.9901 to 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9736 resistance will turn bias back to the upside instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9596; (P) 0.9622; (R1) 0.9637; More…

Intraday bias in USD/CHF stays neutral for the moment. Another fall remains in favor with 0.9763 resistance intact. Break of 0.9573 will extend the corrective pattern from 0.9901 to 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9736 resistance will turn bias back to the upside instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9586; (P) 0.9612; (R1) 0.9650; More…

USD/CHF’s recovery form 0.9573 continues in early US session, but upside is held well below 0.9736 resistance. Intraday bias stays neutral and another fall remains in favor. Break of 0.9573 will extend the corrective pattern form 0.9901 to 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9736 resistance will turn bias back to the upside instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9586; (P) 0.9612; (R1) 0.9650; More…

Intraday bias in USD/CHF remains neutral for the momentum but further decline will remain in favor as long as 0.9736 resistance holds. Corrective pattern from 0.9901 could still extend lower and break of 0.9573 will target 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9736 resistance will turn bias back to the upside instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.

Daily Pivots: (S1) 0.9585; (P) 0.9605; (R1) 0.9631; More…

Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed above signal line. Further decline will remain in favor as long as 0.9736 resistance holds. Corrective pattern from 0.9901 could still extend lower and break of 0.9573 will target 0.9502 support. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, break of 0.9736 resistance will turn bias back to the upside instead.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 low). It could have completed at 0.9181 after hitting 0.9186 key support (2018 low). Break of 0.9901 will extend the rebound form 0.9181 through 1.0023 resistance. After all, medium term range trading will likely continue between 0.9181/1.0237 for some more time.