USD/CHF’s rise form 0.8756 accelerated to as high as 0.9317 last week and broke 0.9295 resistance. There is no sign of topping yet and initial bias stays on the upside this week. Next target is 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9135 minor support will turn intraday bias neutral again. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). Firm break of 0.9295 resistance, and sustained trading above 55 week EMA (now at 0.9227), will suggest that the pattern has completed. In this case, further rise could be seen back to 1.0237/0342 resistance zone in the medium term. On the other hand, rejection by 0.9295 will retain medium term bearishness for another low below 0.8756.

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) 0.9221; (P) 0.9259; (R1) 0.9329; More….

Intraday bias in USD/CHF remains on the upside at this point. Firm break of 0.9295 resistance will carry larger bullish implication and target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9192 minor support will turn intraday bias neutral again. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). Firm break of 0.9295 resistance, and sustained trading above 55 week EMA (now at 0.9227), will suggest that the pattern has completed. In this case, further rise could be seen back to 1.0237/0342 resistance zone in the medium term. Though, rejection by 0.9295 will retain medium term bearishness for 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639.

Daily Pivots: (S1) 0.9221; (P) 0.9259; (R1) 0.9329; More….

Intraday bias in USD/CHF remains on the upside for 0.9295 resistance. Firm break there will carry larger bullish implication and target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9192 minor support will turn intraday bias neutral again. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). Firm break of 0.9295 resistance, and sustained trading above 55 week EMA (now at 0.9227), will suggest that the pattern has completed. In this case, further rise could be seen back to 1.0237/0342 resistance zone in the medium term. Though, rejection by 0.9295 will retain medium term bearishness for 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639.

Daily Pivots: (S1) 0.9161; (P) 0.9180; (R1) 0.9220; More….

USD/CHF rises to as high as 0.9252 so far today and intraday bias stays on the upside. Next target is 0.9295 resistance and break will carry larger bullish implications. Rise from 0.8756 should then target 61.8% retracement of 0.9901 to 0.8756 at 0.9464. On the downside, break of 0.9135 minor support will turn intraday bias neutral again. But further rally is expected as long as 0.9044 resistance turned support holds.

In the bigger picture, decline from 1.0237 is seen as the third leg of the pattern from 1.0342 (2016 high). Firm break of 0.9295 resistance, and sustained trading above 55 week EMA (now at 0.9227), will suggest that the pattern has completed. In this case, further rise could be seen back to 1.0237/0342 resistance zone in the medium term. Though, rejection by 0.9295 will retain medium term bearishness for 138.2% projection of 1.0342 to 0.9186 from 1.0237 at 0.8639.

Daily Pivots: (S1) 0.9161; (P) 0.9180; (R1) 0.9220; More….

USD/CHF’s rally resumes after brief consolidation. Intraday bias is back on the upside. Sustained break of 38.2% retracement of 0.9901 to 0.8756 at 0.9193 will target 0.9295 resistance. Firm break there will carry larger bullish implications and target 61.8% retracement at 0.9464 next. On the downside, break of 0.9135 minor support will turn intraday bias neutral again. But further rally is expected as long as 0.9044 resistance turned support holds.

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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound. Firm break of 0.9295, though, will be an early sign of medium term bullish reversal.

Daily Pivots: (S1) 0.9122; (P) 0.9158; (R1) 0.9180; More….

Intraday bias in USD/CHF remains neutral as consolidations from 0.9192 temporary top could still extend. But overall, But further rally is expected as long as 0.9044 resistance turned support holds. Sustained break of 38.2% retracement of 0.9901 to 0.8756 at 0.9193 will target 0.9295 resistance. Firm break there will carry larger bullish implications and target 61.8% retracement at 0.9464 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound. Firm break of 0.9295, though, will be an early sign of medium term bullish reversal.

Daily Pivots: (S1) 0.9122; (P) 0.9158; (R1) 0.9180; More….

USD/CHF retreats after forming a temporary top at 0.9192, just ahead of 38.2% retracement of 0.9901 to 0.8756 at 0.9193. Intraday bias is turned neutral for some consolidations first. But further rally is expected as long as 0.9044 resistance turned support holds. Sustained break of 0.9193 will target 0.9295 resistance. Firm break there will carry larger bullish implications and target 61.8% retracement at 0.9464 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound. Firm break of 0.9295, though, will be an early sign of medium term bullish reversal.

Daily Pivots: (S1) 0.9093; (P) 0.9126; (R1) 0.9181; More….

USD/CHF rises to as high as 0.9192 so far today. Break of 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9157 suggests some upside acceleration. Firm break of 0.9181 support turned resistance will target 161.8% projection at 0.9335 next. On the downside, break of 0.9093 resistance turned support is needed to indicate short term topping. Otherwise, further rally will remain in favor in case of retreat.

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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9093; (P) 0.9126; (R1) 0.9181; More….

USD/CHF rises to as high as 0.9163 so far. There is no sign of topping yet. Firm break of 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9157 will indicate upside acceleration. Next target is 0.9181 support turned resistance. On the downside, below 0.9093 minor support will turn intraday bias neutral 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9042; (P) 0.9072; (R1) 0.9117; More….

USD/CHF’s rally accelerates to as high as 0.9143 so far today, and intraday bias remains on the upside. Current rise from 0.8756 is in progress for 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. Break there will target 0.9181 support turned resistance next. On the downside, break of 0.9069 minor support will turn intraday bias neutral 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9042; (P) 0.9072; (R1) 0.9117; More….

Intraday bias in USD/CHF is mildly on the upside for the moment. Current rebound form 0.8756 should target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. Break there will target 0.9181 support turned resistance. On the downside, though, break of 0.9025 minor support will turn bias neutral again 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

USD/CHF’s rebound from 0.8756 resumed by taking out 0.9044 resistance last week. initial bias is now on the upside this week for 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. Break there will target 0.9181 support turned resistance. On the downside, through, break of 0.9025 minor support will turn bias neutral again 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 0.9295 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) 0.9024; (P) 0.9052; (R1) 0.9077; More….

USD/CHF is staying in consolidation from 0.9093 and intraday bias remains neutral first. On the upside, break of 0.9093 will resume the rise from 0.9756 to 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. However, break of 0.8869 will argue that the corrective rise from 0.8756 has completed, and turn outlook bearish again.

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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9024; (P) 0.9052; (R1) 0.9077; More….

Intraday bias in USD/CHF remains neutral for consolidations below 0.90993 temporary top. On the upside, break of 0.9093 will resume the rise from 0.9756 to 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. However, break of 0.8869 will argue that the corrective rise from 0.8756 has completed, and turn outlook bearish again.

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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9038; (P) 0.9066; (R1) 0.9094; More….

Intraday bias in USD/CHF is turned neutral with current retreat. Some consolidations could be seen below 0.9093 temporary top first. On the upside, break of 0.9093 will resume the rise from 0.9756 to 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.9038; (P) 0.9066; (R1) 0.9094; More….

Intraday bias in USD/CHF remains on the upside with 0.9032 minor support intact. Current rebound from 0.8756 should target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. On the downside, below 0.9032 minor support will turn intraday bias neutral again 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8983; (P) 0.9020; (R1) 0.9091; More….

Intraday bias in USD/CHF remains on the upside at this point. Current rebound from 0.8756 should target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. On the downside, below 0.9032 minor support will turn intraday bias neutral again 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8983; (P) 0.9020; (R1) 0.9091; More….

USD/CHF’s break of 0.9044 resistance indicates resumption of rebound from 0.8756. Intraday bias is back on the upside for 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. On the downside, below 0.8993 minor support will turn intraday bias neutral again 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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8934; (P) 0.8979; (R1) 0.9009; More….

Sideway trading continues in USD/CHF and intraday bias remains neutral. On the upside, above 0.9044 will resume the corrective rise from 0.8756. Next target is 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. On the downside, break of 0.8869 will turn bias to the downside for 0.8837 and then 0.8756 low.

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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 0.8934; (P) 0.8979; (R1) 0.9009; More….

Intraday bias in USD/CHF neutral for the moment and more sideway trading could be seen. On the upside, above 0.9044 will resume the corrective rise from 0.8756. Next target is 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. On the downside, break of 0.8869 will turn bias to the downside for 0.8837 and then 0.8756 low.

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 0.9295 resistance is needed to signal medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.