Daily Pivots: (S1) 0.9727; (P) 0.9743; (R1) 0.9765; More…

Intraday bias in USD/CHF remains mildly on the upside for 0.9082 resistance. Break will target a test on 0.9901 resistance. On the downside, below 0.9681 minor support will turn intraday bias neutral first. Overall, consolidation from 0.9901 is still in progress and could extend. But in case of another fall, downside should be contained by 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) 0.9672; (P) 0.9704; (R1) 0.9761; More…

Intraday bias in USD/CHF remains on the upside for 0.9082 resistance. Break will target a test on 0.9901 resistance. On the downside, below 0.9681 minor support will turn intraday bias neutral first. Overall, consolidation from 0.9901 is still in progress and could extend. But in case of another fall, downside should be contained by 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) 0.9672; (P) 0.9704; (R1) 0.9761; More…

Intraday bias in USD/CHF remains on the upside at this point, for 0.9082 resistance. Break will target a test on 0.9901 resistance. On the downside, below 0.9588 will turn bias to the downside for 0.9502 support. Overall, price actions from 0.9901 are in progress and 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) 0.9625; (P) 0.9644; (R1) 0.9676; More…

USD/CHF’s break of 0.9669 minor resistance suggests completion of fall from 0.9802. Intraday bias is turned back to the upside for 0.9802 first. Break will target a test on 0.9901 resistance. On the downside, below 0.9588 will turn bias to the downside for 0.9502 support. Overall, price actions from 0.9901 are in progress and 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) 0.9625; (P) 0.9644; (R1) 0.9676; More…

Intraday bias in USD/CHF remains neutral first and outlook is unchanged. Correction from 0.9901 is in its third leg and further fall is in favor. Break of 0.9588 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, above 0.9669 minor resistance will turn bias back to the upside for 0.9802 resistance 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) 0.9577; (P) 0.9624; (R1) 0.9658; More…

With 4 hour MACD crossed above signal line, intraday bias in USD/CHF is turned neutral. Correction from 0.9901 is in its third leg and further fall is in favor. Break of 0.9588 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, above 0.9669 minor resistance will turn bias back to the upside for 0.9802 resistance 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) 0.9577; (P) 0.9624; (R1) 0.9658; More…

With 0.9669 minor resistance intact, intraday bias in USD/CHF remains on the downside for the moment. Correction from 0.9901 is in its third leg. Deeper fall could be seen through 0.9592 support to 0.9502. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9669 minor resistance will turn bias neutral 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.

USD/CHF’s decline last week suggests that correction from 0.9901 has started the third leg. Initial bias remains on the downside this week. Break of 0.9592 will target 0.9502 support and below. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9669 minor resistance will turn bias neutral 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) 0.9609; (P) 0.9684; (R1) 0.9729; More…

Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9802 is seen as the third leg of the corrective pattern form 0.9901. Break of 0.9592 support will target 0.9502 next. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. On the upside, above 0.9700 minor resistance will turn bias neutral 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) 0.9609; (P) 0.9684; (R1) 0.9729; More…

USD/CHF’s fall from 0.9802 accelerates lower today. The development suggests that correction from 0.9901 has started the third leg. Intraday bias is back on the downside to 0.9592 support, and then 0.9502. 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 0.9802 will target a test on 0.9901 high.

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) 0.9713; (P) 0.9741; (R1) 0.9768; More…

USD/CHF edged lower to 0.9700 but fails to sustain below 0.9712 minor support so far. Intraday bias remains neutral first. On the downside, break of 0.9700 minor support should start the third leg of consolidation from 0.9901. Intraday bias will be turned to the downside for 0.9592 support first. In this 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 0.9502 will target a test on 0.9901 high.

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) 0.9713; (P) 0.9741; (R1) 0.9768; More…

Intraday bias in USD/CHF remains neutral first while consolidation pattern from 0.9901 might extend. On the downside, break of 0.9712 minor support should start the third leg. Intraday bias will be turned to the downside for 0.9592 support first. In this 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 0.9502 will target a test on 0.9901 high.

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) 0.9714; (P) 0.9757; (R1) 0.9793; More…

Intraday bias in USD/CHF remains neutral with focus on 0.9712 minor support. Break there will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. In this 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 0.9502 will target a test on 0.9901 high.

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) 0.9714; (P) 0.9757; (R1) 0.9793; More…

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9712 minor support will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. In this 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 0.9502 will target a test on 0.9901 high.

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) 0.9724; (P) 0.9745; (R1) 0.9778; More…

USD/CHF was rejected by 0.9802 resistance earlier today and intraday bias remains neutral first. On the downside, break of 0.9712 support will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. In this 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 0.9502 will target a test on 0.9901 high.

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) 0.9724; (P) 0.9745; (R1) 0.9778; More…

Focus is immediately on 0.9802 resistance with today’s rally in USD/CHF. Break will resume the whole rebound from 0.9502. Intraday bias will be turned back to the upside for 0.9901 resistance. On the downside, break of 0.9712 support will extend the consolidation pattern from 0.9901 with another falling leg. Intraday bias will be turned to the downside for 0.9592 support first. Overall, 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) 0.9704; (P) 0.9754; (R1) 0.9780; More…

Intraday bias in USD/CHF remains neutral for the moment. Consolidation pattern from 0.9901 is still extending. On the downside, break 0.9668 minor support will start the third leg towards 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, above 0.9802 will target a test on 0.9901 resistance next.

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) 0.9704; (P) 0.9754; (R1) 0.9780; More…

Intraday bias in USD/CHF remains neutral at this point. Consolidation pattern from 0.9901 is still extending. On the downside, break 0.9668 minor support will start the third leg towards 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, above 0.9802 will target a test on 0.9901 resistance next.

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 recovered to 0.9802 last week but failed to sustain above 0.9797 resistance. Initial bias remains neutral this week first. The current development suggests that consolidation from 0.9901 is still extending. On the downside, break 0.9668 minor support will start the third leg towards 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, above 0.9802 will target a test on 0.9901 resistance next.

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) 0.9720; (P) 0.9747; (R1) 0.9787; More…

Intraday bias in USD/CHF remains neutral with focus on 0.9797 resistance. On the upside, break of 0.9797 will resume rise from 0.9502 and target retest of 0.9901 high. On the downside, break of 0.9592 support will bring deeper decline. But downside should be contained by 61.8% retracement of 0.9181 to 0.9901 at 0.9456 to rebound. Overall, consolidation from 0.9901 is still in progress and could extend further.

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.