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USD/CHF : Daily Analysis from Forex Instructor

USDCHF Forecast. 10/5/2016

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The USDCHF was indecisive yesterday. The bias remains bullish in nearest term testing 0.9795. A clear break and daily close above that area could trigger further bullish scenario this week targeting 0.9915 or higher.

Immediate support remains around 0.9680. A clear break below that area could lead price to neutral zone in nearest term testing 0.9645 area or lower. My major technical outlook remains neutral.
 
USDCHF Forecast. 11/5/2016

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The USDCHF had a bullish momentum yesterday topped at 0.9762. The bias remains bullish in nearest term testing 0.9795. A clear break and daily close above that area could trigger further bullish scenario this week targeting 0.9915 or higher.

Immediate support is seen around 0.9700. A clear break below that area could lead price to neutral zone in nearest term testing 0.9645 area. My major technical outlook remains neutral.
 
USDCHF Forecast. 12/5/2016

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The USDCHF failed to continue its bullish momentum yesterday bottomed at 0.9698. The bias is bearish in nearest term testing 0.9650. Immediate resistance is seen around 0.9750.

A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 0.9795. My major technical outlook remains neutral.
 
USDCHF Forecast. 13/5/2016

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The USDCHF was indecisive yesterday. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance.

Immediate support is seen around 0.9650 followed by 0.9570. On the upside, a clear break and daily/weekly close above 0.9795 could trigger further bullish scenario next week testing 1.0000 region. My major technical outlook remains neutral.
 
USDCHF Forecast. 16/5/2016

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The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bullish bias testing 0.9795 key resistance.

A clear break and daily close above that area could trigger further bullish pressure testing 1.0000 this week. Immediate support is seen around 0.9700 followed by 0.9650. My major technical outlook remains neutral.
 
USDCHF Forecast. 18/5/2016

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The USDCHF had a bullish momentum yesterday slipped above 0.9795 key resistance and hit 0.9813 earlier today. The bias is bullish in nearest term testing 0.9900 before testing 1.0000 region.

Immediate support is seen around 0.9765. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Fundamental focus will be on the FOMC Meeting Minutes.
 
USDCHF Forecast. 19/5/2016

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As expected, the USDCHF had a bullish momentum yesterday topped at 0.9880. The bias remains bullish in nearest term testing 1.0000 area.

Immediate support is seen around 0.9840. A clear break below that area could lead price to neutral zone in nearest term testing 0.9795 area.
 
USDCHF Forecast. 20/5/2016

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The USDCHF continued its bullish momentum yesterday topped at 0.9922 as a bullish continuation after broke above 0.9795 key resistance. The bias remains bullish in nearest term testing 1.0000 area.

Immediate support is seen around 0.9860. A clear break below that area could lead price to neutral zone in nearest term testing 0.9795 region.
 
USDCHF Forecast. 23/5/2016

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The USDCHF continued its bullish momentum last week topped at 0.9926. The bias remains bullish in nearest term testing 1.0000. Immediate support is seen around 0.9860.

A clear break below that area could lead price to neutral zone in nearest term testing 0.9795 area. My major technical outlook is neutral.
 
USDCHF Forecast. 24/5/2016

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The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.0000. Immediate support remains around 0.9860.

A clear break below that area could lead price to neutral zone in nearest term testing 0.9795 area. My major technical outlook remains neutral.
 

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Currency
Rates
EUR / USD
1.12610
USD / JPY
157.840
GBP / USD
1.32105
USD / CHF
0.83040
USD / CAD
1.42465
EUR / JPY
177.744
AUD / USD
0.69390
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