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USD/CHF : Daily Analysis from Forex Instructor

USDCHF Forecast. 16/11/2016

UC_16_11_2016.png

The USDCHF attempted to push lower yesterday bottomed at 0.9929 but whipsawed to the upside and closed higher at 1.0016. The bias is bullish in nearest term testing 1.0100.

Immediate support is seen around 0.9970. A clear break below that area could lead price to neutral zone in nearest term testing 0.9929 or lower. Overall I remain neutral.
 
USDCHF Forecast. 17/11/2016

UC_17_11_2016.png

The USDCHF was indecisive yesterday formed a Doji on daily chart. The bias is neutral in nearest term. Overall price is still in a bullish phase but an indecisive movement around a key resistance (1.0000) could signal a bullish exhaustion. Immediate support is seen around 0.9980. A clear break below that area could trigger further bearish pressure testing 0.9950 or lower.

Immediate resistance is seen around 1.0050. A clear break and daily close above that area would expose 1.0100 or higher. Overall I remain neutral.
 
USDCHF Forecast. 18/11/2016

UC_18_11_2016.png

The USDCHF continued its bullish momentum yesterday topped at 1.0073 and hit 1.0104 earlier today. The bias is bullish in nearest term testing 1.0200 – 1.0250 region.

Immediate support is seen around 1.0050. A clear break below that area could lead price to neutral zone in nearest term testing 1.0000 area. Overall I remain neutral.
 
USDCHF Forecast. 22/11/2016

UC_22_11_2016.png

The USDCHF was indecisive yesterday. Overall price is still in a bullish phase but still struggling around 1.0100 resistance area as you can see on my daily chart below. The bias is neutral in nearest term. Immediate resistance is seen around 1.0122. A clear break above that area could trigger further bullish pressure testing 1.0200 – 1.0250.

Immediate support is seen around 1.0050. A clear break below that area could trigger further bearish pressure testing 1.0000 region. Overall I remain neutral.
 
USDCHF Forecast. 23/11/2016

UC_23_11_2016.png

The USDCHF had another indecisive movement yesterday. Overall price is still in a bullish phase but still unable to make a clear break above 1.0100 key resistance so far. The bias remains neutral in nearest term probably with a little bullish bias testing 1.0200/50 region.

Immediate support is seen around 1.0050 followed by 1.0000. Overall I remain neutral.
 
USDCHF Forecast. 24/11/2016

UC_24_11_2016.png

The USDCHF had a bullish momentum yesterday and hit 1.0189 earlier today. The bias is bullish in nearest term testing 1.0250. Immediate support is seen around 1.0150.

A clear break below that area could lead price to neutral zone in nearest term testing 1.0100 area. On the upside, a clear break and daily close above 1.0250 would expose 1.0325 region. Overall I remain neutral.
 
USDCHF Forecast. 25/11/2016

UC_25_11_2016.png

The USDCHF was indecisive yesterday. Price attempted to push higher topped at 1.0191 but closed lower at 1.0159. The bias is neutral in nearest term but overall price is still in a bullish phase with nearest target seen at 1.0250.

Immediate support is seen around 1.0150 followed by 1.0100. Overall I remain neutral.
 
USDCHF Forecast. 28/11/2016

UC_28_11_2016.png

The USDCHF was indecisive last week. As you can see on my daily chart below, after a bullish run, we have a Doji candle followed by lower highs and lows candles suggests a potential bearish pullback. The bias is bearish in nearest term testing 1.0000. Immediate resistance is seen around 1.0135.

A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
 
USDCHF Forecast. 30/11/2016

UC_30_11_2016.png

The USDCHF attempted to push higher yesterday topped at 1.0176 but closed lower at 1.0114 and hit 1.0106 earlier today. The bias is neutral in nearest term, probably with a little bearish bias especially if price able to make a clear break below 1.0100 testing 1.0000 support area.

Immediate resistance is seen around 1.0150 followed by 1.0200. Overall I remain neutral.
 
USDCHF Forecast. 1/12/2016

UC_1_12_2016.png

The USDCHF had a bullish momentum yesterday topped at 1.0204 but closed lower at 1.0165. The bias is bullish in nearest term especially if price able to make a clear break above 1.0200 testing 1.0250 area. Immediate support is seen around 1.0150.

A clear break below that area could lead price to neutral zone in nearest term testing 1.0100 region. Overall I remain neutral.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.11964
USD / JPY
158.076
GBP / USD
1.32132
USD / CHF
0.83340
USD / CAD
1.42572
EUR / JPY
176.989
AUD / USD
0.69628
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