The USDCHF had a bearish momentum yesterday closed below the daily EMA 200 as you can see on my daily chart below as a part of the “shooting star” bearish scenario. The bias remains bearish in nearest term testing 0.9650.
Immediate resistance is seen around 0.9780. A clear break above that area could lead price to neutral zone in nearest term testing 0.9820 area. Overall I remain neutral.
The USDCHF was indecisive yesterday but overall still able to maintain its bearish bias as a part of the “shooting star” bearish scenario as you can see on my daily chart below. The bias remains bearish in nearest term testing 0.9650.
Immediate resistance is seen around 0.9735 followed by 0.9780. Overall I remain neutral.
The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term but overall price is still in a bearish phase after formed “shooting star” formation as you can see on my daily chart below, targeting 0.9650 region.
Immediate resistance is seen around 0.9780. A clear break above that area would expose 0.9850 area. My major technical outlook remains neutral.
The USDCHF had a bearish momentum last week as a part of the “shooting star” bearish formation, bottomed at 0.9680 but gapped higher earlier today opened at 0.9772. The bias is bullish in nearest term testing 0.9800. A clear break and daily close above that area could trigger further bullish pressure testing 0.9850 – 0.9900 region. Immediate support is seen around 0.9730.
A clear break below that area could lead price to neutral zone in nearest term testing 0.9680/50 area. My major technical outlook remains neutral.
The USDCHF attempted to push higher yesterday topped at 0.9789 but closed lower at 0.9743. As you can see on my daily chart below, price unable to make a clear break above the daily EMA 200, which should keep the “shooting star” bearish scenario alive and kicking. The bias is bearish in nearest term testing 0.9700 – 0.9650 region.
Immediate resistance is seen around 0.9775. A clear break above that area could lead price to neutral zone in nearest term testing 0.9820 area. Overall I remain neutral.
The USDCHF had a bullish momentum yesterday topped at 0.9789 and hit 0.9823 earlier today. The bias is bullish in nearest term testing 0.9850 – 0.9900 region. Immediate support is seen around 0.9775. A clear break and daily close below that area would keep the “shooting star” bearish scenario remains valid testing 0.9650 area.
Overall I remain neutral. Fundamental focus will be on the US election result which could create a volatile market.
The USDCHF attempted to push lower yesterday bottomed at 0.9549 but whipsawed to the upside and hit 0.9847 in a volatile market on US election day which put Donald Trump in the White House. The bias is bullish in nearest term testing 0.9950 – 1.0000 area.
Immediate support is seen around 0.9775. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The USDCHF was indecisive yesterday. Overall price is still able to maintain its bullish bias but still unable to make a clear break above 0.9850 so far. The bias remains bullish in nearest term testing 0.9950 – 1.0000 area.
Immediate support is seen around 0.9820. A clear break below that area could lead price to neutral zone in nearest term testing 0.9775 or lower. Overall I remain neutral.
The USDCHF attempted to push lower last week bottomed at 0.9549 but whipsawed to the upside, closed at 0.9872 and hit 0.9937 earlier today. The bias remains bullish in nearest term testing 1.0000 which is a good place to sell with a tight stop loss.
Immediate support is seen around 0.9900. A clear break below that area could lead price to neutral zone in nearest term testing 0.9850. Overall I remain neutral.
The USDCHF had a bullish momentum yesterday topped at 1.0002. The bias remains bullish in nearest term but 1.0000 region is a good place to sell with a tight stop loss.
Immediate support is seen around 0.9945. A clear break below that area could lead price to neutral zone in nearest term testing 0.9900 or lower. Overall I remain neutral.
