Daily Pivots: (S1) 0.8942; (P) 0.8958; (R1) 0.8981; More….

Intraday bias in USD/CHF remains neutral as range trading continues. 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) 0.8942; (P) 0.8958; (R1) 0.8981; More….

Range trading continues in USD/CHF inside 0.8869/9044 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.

USD/CHF edged lower to 0.8869 last week but rebounded strongly since then. Though, it’s staying in range below 0.9044 so far. Initial bias remains neutral this week first. 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.

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) 0.8946; (P) 0.8971; (R1) 0.8985; More….

Intraday bias in USD/CHF is turned neutral with today’s retreat. 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) 0.8946; (P) 0.8971; (R1) 0.8985; More….

Intraday bias in USD/CHF remains mildly on the upside at this point. Further rise could be seen to 0.9044 first. Corrective pattern from 0.8756 is extending with another rising leg. Break of 0.9044 will target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. For now, risk will be on the upside as long as 0.8869 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.

Daily Pivots: (S1) 0.8944; (P) 0.8968; (R1) 0.9012; More….

Intraday bias in USD/CHF stays mildly on the upside for 0.9044 resistance. Corrective pattern from 0.8756 is extending with another rising leg. Break of 0.9044 will target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. For now, risk will be on the upside as long as 0.8869 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.

Daily Pivots: (S1) 0.8944; (P) 0.8968; (R1) 0.9012; More….

Intraday bias in USD/CHF stays on the upside of 0.9044. Corrective pattern from 0.8756 is extending with another rising leg. Break of 0.9044 will target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. For now, risk will be on the upside as long as 0.8869 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.

Daily Pivots: (S1) 0.8888; (P) 0.8909; (R1) 0.8947; More….

USD/CHF’s strong break of 0.8939 minor resistance suggests that pull back from 0.9044 has completed at 0.8869. The development also indicates that corrective pattern from 0.8756 is extending with another rising leg. Intraday bias is back on the upside for 0.9044 resistance first. Break will target 100% projection of 0.8756 to 0.9044 from 0.8869 at 0.9127 next. For now, risk will be on the upside as long as 0.8869 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.

Daily Pivots: (S1) 0.8888; (P) 0.8909; (R1) 0.8947; More….

Intraday bias in USD/CHF is turned neutral with current recovery. But further fall is expected with 0.8939 resistance intact. On the downside, below 0.8869 will resume the fall from 0.9044 to retest 0.8756 low. However, break of 0.8939 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8893; (P) 0.8909; (R1) 0.8920; More….

Deeper decline is still in favor in USD/CHF with 0.8939 minor resistance intact. Break of 0.8837 will target a test on 0.8756 low. On the upside, though, break of 0.8939 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8893; (P) 0.8909; (R1) 0.8920; More….

USD/CHF’s break of 0.8889 suggest resumption of fall from 0.9044. As noted before, corrective rise from 0.8756 should have completed with three waves up to 0.9044. Intraday bias is now on the downside for 0.8847 and then 0.9756 low. On the upside, though, break of 0.8939 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8897; (P) 0.8919; (R1) 0.8940; More….

Intraday bias in USD/CHF stays neutral first and outlook is unchanged. Corrective rise from 0.8756 should have completed with three waves up to 0.9044. Break of 0.8889 will target 0.8837 support and then 0.8756 low. On the upside, though, break of 0.8967 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8897; (P) 0.8919; (R1) 0.8940; More….

Intraday bias in USD/CHF remains neutral for the moment. Corrective rise from 0.8756 should have completed with three waves up to 0.9044. Break of 0.8889 will target 0.8837 support and then 0.8756 low. On the upside, though, break of 0.8967 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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 fall last week suggests that corrective rise from 0.8756 has completed with three waves up to 0.9044. But as a temporary low was formed at 0.8889, initial bias is neutral this week first. On the downside, break of 0.8889 will target 0.8837 support and then 0.8756 low. On the upside, though, break of 0.8967 minor resistance will turn bias back to the upside, and could extend the corrective rise from 0.8756 through 0.9044.

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) 0.8891; (P) 0.8900; (R1) 0.8909; More….

Intraday bias in USD/CHF is turned neutral first. Another fall is in favor with 0.8945 minor resistance intact. Below 0.8889 will target 0.8837 and then 0.8756 low. On the upside, break of 0.8945 will revive near term bullishness and turn bias back to the upside for 0.9044 resistance instead.

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) 0.8891; (P) 0.8900; (R1) 0.8909; More….

With 0.8945 minor resistance intact, further fall is expected in USD/CHF for 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance will dampen this bearish case and turn bias back to the upside for 0.9044 resistance instead.

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) 0.8885; (P) 0.8908; (R1) 0.8927; More….

Intraday bias in USD/CHF remains on the downside at this point. Deeper fall would be seen to 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance 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) 0.8885; (P) 0.8908; (R1) 0.8927; More….

Intraday bias in USD/CHF stays on the downside for 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance 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) 0.8898; (P) 0.8944; (R1) 0.8969; More….

Intraday bias in USD/CHF remains on the downside for 0.8837 support. The corrective rise from 0.8756 should have completed with three waves to 0.9044 already. Break of 0.8837 will bring retest of 0.8756 low. On the upside, above 0.8945 minor resistance 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) 0.8898; (P) 0.8944; (R1) 0.8969; More….

USD/CHF’s break of 0.8925 resistance turned support, as well as the near term trend line, argues that corrective rise from 0.8756 has completed, with three waves up to 0.9044. Intraday bias is turned back to the downside for 0.8837 support first. Break will bring retest of 0.8756 low. On the upside, above 0.8980 minor resistance will turn bias back to the upside to resume the corrective rebound form 0.8756 instead.

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.