The USDCHF continued its bullish momentum yesterday topped at 0.9698. The bias remains bullish in nearest term testing 0.9765 as apart of the bullish scenario after broke above the upper/resistance line of the rising wedge formation as you can see on my daily chart below. Price also moving above the EMA 200 which support the bullish view.
Immediate support is seen around 0.9650. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The USDCHF continued its bullish momentum yesterday topped at 0.9723. The bias remains bullish in nearest term testing 0.9765 as apart of the bullish scenario after broke above the upper/resistance line of the rising wedge formation as you can see on my daily chart below. A clear break and daily/weekly close above 0.9765 would expose 0.9850 or higher next week.
Immediate support is seen around 0.9650. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The USDCHF had a bullish momentum last week topped at 0.9759 and hit 0.9763 earlier today in Asian session. The bias remains bullish in nearest term testing 0.9850 as a part of the bullish scenario after broke above the resistance line of the rising wedge formation as you can see on my daily chart below.
Immediate support is seen around 0.9725. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 or lower. Overall I remain neutral.
The USDCHF continued its bullish momentum yesterday topped at 0.9787. The bias remains bullish in nearest term testing 0.9850 resistance area.
Immediate support is seen around 0.9750. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 region but overall I still prefer a bullish scenario as a part of the bullish phase after broke above the rising wedge formation as you can see on my daily chart below, and any downside pullback should be seen as a good opportunity to buy. My major technical outlook remains neutral.
The USDCHF was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 0.9850.
Immediate support is seen around 0.9780 (current low). A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 0.9850 would expose 0.9915 or higher. My major technical outlook remains neutral.
The USDCHF continued its bullish momentum yesterday topped at 0.9847. The bias remains bullish in nearest term testing 0.9950 region as a part of the bullish scenario following a break above the rising wedge formation and the daily EMA 200 as you can see on my daily chart below.
Immediate support is seen around 0.9800. A clear break above that area could lead price to neutral zone in nearest term testing 0.9765 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. My major technical outlook remains neutral.
The USDCHF continued its bullish momentum yesterday topped at 0.9895. The bias remains bullish in nearest term testing 0.9950 region as a part of the bullish scenario following a break above the rising wedge formation and the daily EMA 200 as you can see on my daily chart below.
Immediate support is seen around 0.9850. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The USDCHF continued its bullish momentum last week topped at 0.9920 but closed a little bit lower at 0.9875. The bias is neutral in nearest term. Overall I still prefer a bullish scenario as a part of the bullish phase after broke above the rising wedge formation and the EMA 200 as you can see on my daily chart below, but we have a bearish pin bar printed of Friday suggests a potential bearish pullback.
Immediate support is seen around 0.9850. A clear break and daily close below that area would give further confirmation to the bearish pin bar scenario testing 0.9765 area. On the upside, we need a clear break above the “tail” of the bearish pin bar located at 0.9920 to resume the bullish phase testing 0.9950 – 0.9977 region.
The USDCHF regained its bullish momentum yesterday topped at 0.9920. The bias is bullish in nearest term testing 0.9950. A clear break and daily close above 0.9950 would expose 1.0037 resistance area.
Immediate support is seen around 0.9870/50 area. A clear break below that area could lead price to neutral zone in nearest term but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The USDCHF continued its bullish momentum yesterday topped at 0.9970. The bias remains bullish in nearest term testing 1.0037 key resistance area.
Immediate support is seen around 0.9940 – 0.9920 region. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9870 – 0.9850 region but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
