Daily Pivots: (S1) 0.8950; (P) 0.8977; (R1) 0.8996; More….

No change in USD/CHF’s outlook and intraday bias stays on the downside. Current fall from 0.9471 should target a test on 0.8756 low. However, break of 0.9046 resistance will now indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8950; (P) 0.8977; (R1) 0.8996; More….

Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9471 should target a test on 0.8756 low. However, break of 0.9046 resistance will now indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8954; (P) 0.8978; (R1) 0.9001; More….

No change in USD/CHF’s outlook, as further decline is expected with 0.9046 resistance intact. Current fall from 0.9471 should target a test on 0.8756 low. However, break of 0.9046 resistance will now indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8954; (P) 0.8978; (R1) 0.9001; More….

With 0.9046 resistance intact, further decline is expected in USD/CHF. Current fall from 0.9471 should target a test on 0.8756 low. However, break of 0.9046 resistance will now indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

USD/CHF edged lower last week as fall from 0.9471 continued. Despite loss of downside momentum as see in 4 hour MACD, outlook is unchanged. Further fall is expected this week to retest 0.8756 low. However, break of 0.9046 resistance will now indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

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) 0.8952; (P) 0.8999; (R1) 0.9024; More….

Break of 0.8959 suggests resumption of fall from 0.9471. Intraday bias is back on the downside to retest 0.8756 low. On the upside, break of 0.9046 resistance, however, will indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8952; (P) 0.8999; (R1) 0.9024; More….

Intraday bias in USD/CHF remains neutral first. Outlook stays bearish with 0.9092 resistance intact. On the downside, break of 0.8959 will resume the fall from 0.9471 to retest 0.8756 low. However, break of 0.9092 will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8986; (P) 0.9017; (R1) 0.9066; More….

USD/CHF is staying in consolidation above 0.8959 and intraday bias remains neutral first. Outlook stays bearish with 0.9092 resistance intact. On the downside, break of 0.8959 will resume the fall from 0.9471 to retest 0.8756 low. However, break of 0.9092 will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8986; (P) 0.9017; (R1) 0.9066; More….

Intraday bias in USD/CHF remains neutral for consolidation above 0.8959. Outlook stays bearish with 0.9092 resistance intact. On the downside, break of 0.8959 will resume the fall from 0.9471 to retest 0.8756 low. However, break of 0.9092 will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8947; (P) 0.8991; (R1) 0.9021; More….

Intraday bias in USD/CHF is turned neutral with a temporary low formed at 0.8959. Some consolidations could be seen but further fall is expected with 0.9092 resistance intact. Break of 0.8959 will resume the fall from 0.9471 to retest 0.8756 low. However, break of 0.9092 will indicate short term bottoming and turn bias to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8947; (P) 0.8991; (R1) 0.9021; More….

Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9471 should target a test on 0.8756 low. On the upside, break of 0.9092 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.9011; (P) 0.9022; (R1) 0.9042; More….

USD/CHF’s break of 0.8984 support indicate resumption of fall from 0.9471. Intraday bias is back on the downside for retesting 0.8756 low. On the upside, break of 0.9092 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.9011; (P) 0.9022; (R1) 0.9042; More….

Intraday bias in USD/CHF remains neutral first and consolidation from 0.8984 could still extend. But overall outlook will remain bearish as long as 0.9163 resistance holds. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8999; (P) 0.9031; (R1) 0.9050; More….

USD/CHF is staying in consolidation from 0.8984 and intraday bias remains neutral first. Another rise cannot be ruled out, but outlook stays bearish as long as 0.9163 resistance holds. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.8999; (P) 0.9031; (R1) 0.9050; More….

Intraday bias in USD/CHF remains neutral for the moment as consolidation from 0.8984 is still extending. Another rise cannot be ruled out, but outlook stays bearish as long as 0.9163 resistance holds. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

USD/CHF edged lower to 0.8984 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. But outlook stay bearish as long as 0.9163 resistance holds. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

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) 0.9042; (P) 0.9067; (R1) 0.9084; More….

Intraday bias in USD/CHF remains neutral for the moment as more consolidations could be seen. But outlook stays bearish with 0.9163 resistance intact and further decline is expected. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. Nevertheless, firm break of 0.9163 will turn bias back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.9042; (P) 0.9067; (R1) 0.9084; More….

No change in USD/CHF’s outlook as consolidation from 0.8984 is extending. Intraday bias remains neutral first. Outlook stays bearish with 0.9163 resistance intact and further decline is expected. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. Nevertheless, firm break of 0.9163 will turn bias back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.9048; (P) 0.9071; (R1) 0.9112; More….

USD/CHF is staying in consolidation from 0.8984 is still in progress and intraday bias remains neutral first. Outlook remains bearish with 0.9163 resistance intact and further decline is expected. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. Nevertheless, firm break of 0.9163 will turn bias back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.

Daily Pivots: (S1) 0.9048; (P) 0.9071; (R1) 0.9112; More….

Intraday bias in USD/CHF remains neutral at this point. Some more consolidations could be seen above 0.8984. But outlook remains bearish with 0.9163 resistance intact and further decline is expected. On the downside, break of 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. Nevertheless, firm break of 0.9163 will turn bias back to the upside for stronger rebound.

In the bigger picture, rejection by 61.8% retracement of 0.9901 to 0.8756 at 0.9464 argues that rebound from 0.8756 was probably just a corrective move. That is, larger down trend from 1.0237 might be still in progress. Medium term bearish is also affirmed as the pair is now far below falling 55 week EMA. Firm break of 0.8756 low will target 61.8% projection of 1.0237 to 0.8756 from 0.9471 at 0.8556 next.