The USDCHF had a bearish momentum yesterday, slipped below 0.9570 but still unable to stay consistently below the range area so far, as you can see on my daily chart below.
The bias is bearish in nearest term but we need a clear break below 0.9570 to continue the bearish scenario targeting 0.9470. Immediate resistance is seen around 0.9630 but key resistance remains around 0.9670.
The USDCHF had a bullish momentum yesterday topped at 0.9836 and now struggling around 0.9800 key resistance. The bias is bullish in nearest term testing 0.9900 before targeting 1.0000. Immediate support is seen around 0.9760.
A clear break and daily close below that area could create a false breakout bearish scenario testing 0.9670 or lower.
The USDCHF failed to continue its bullish momentum yesterday and now still struggling around 0.9800. The bias is neutral in nearest term. Immediate support is seen around 0.9760. A clear break and daily close below that area could create a false breakout bearish scenario testing 0.9670 or lower.
On the upside, we need a clear break and consistent movement above 0.9800 to keep the bullish phase remains strong targeting 1.0000 region.
The USDCHF attempted to push higher last week topped at 0.9836 but whipsawed to the downside and closed lower at 0.9726. The bias is bearish in nearest term testing 0.9670. A clear break and daily close below that area could trigger further bearish pressure testing 0.9570.
On the upside, key resistance remains around 0.9800. A clear break and daily close above that area could trigger further bullish pressure testing 1.0000 area.
The USDCHF was indecisive yesterday but overall still able to maintain its bearish intraday bias since unable to make a clear break above 0.9800 as you can see on my daily chart below. The bias remains bearish in nearest term testing 0.9670.
A clear break and daily close below that area could trigger further bearish pressure testing 0.9570. On the upside, key resistance remains around 0.9800. A clear break and daily close above that area could trigger further bullish pressure testing 1.0000 area.
The USDCHF attempted to push higher yesterday, but closed lower at 0.9745 after another failure to make a clear break above 0.9800 key resistance as you can see on my daily chart below. The bias is neutral in nearest term, probably with a little bearish bias testing 0.9670.
On the upside, a clear break and daily close above 0.9800 could trigger further bullish pressure testing 1.0000 region.
The USDCHF had a bullish momentum last week closed above 0.9800 key resistance as you can see on my daily chart below. The bias is bullish in nearest term testing 0.9900 before targeting 1.0000 region.
Immediate support is seen around 0.9800. A clear break and daily close back below that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDCHF had a bullish momentum yesterday topped at 0.9894. The bias remains bullish in nearest term testing 1.0000. Immediate support is seen around 0.9850.
A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 0.9800 I still prefer a bullish intraday scenario at this phase. My major technical outlook is neutral.
The USDCHF attempted to push lower yesterday but found a support at the daily EMA 200 as you can see on my daily chart below and closed higher at 0.9807. The bias is neutral in nearest term.
Immediate support is seen around 0.9765 (daily EMA 200). A clear break and daily/weekly close below that area could trigger further bearish pressure testing 0.9670 – 0 9570 next week.
Immediate resistance is seen around 0.9850. A clear break and daily/weekly close above that area would keep the bullish scenario remains intact targeting 1.0000. My major technical outlook remains neutral.
The USDCHF was indecisive last week. The bias is neutral in nearest term. As you can see on my daily chart below price is moving inside a minor bullish channel and still able to stay above EMA 200 suggests a bullish bias. Immediate support is seen around 0.9760.
A clear break and daily close below that area could trigger further bearish pressure testing 0.9670 or lower. On the upside, 1.0000 area remains a potential bullish target.
