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USD/CHF : Daily Analysis from Forex Instructor

USDCHF Forecast. 4/1/2017

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The USDCHF attempted to push higher yesterday slipped above 1.0325 but closed lower at 1.0272. The bias is neutral in nearest term. Potential daily range is seen between 1.0325 – 1.0180. We need a clear break from that range area to see clearer direction. Immediate support is seen around 1.0240. A clear break below that area could trigger further bearish pressure testing 1.0180 region.

On the upside, a clear break above 1.0325 would expose 1.0400 or higher.
 
USDCHF Forecast. 5/1/2017

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The USDCHF had a bearish momentum yesterday bottomed at 1.0200 and hit 1.0166 earlier today in Asian session. Price is now struggling around 1.0180 support area, which is a good place to buy with a tight stop loss as a clear break below 1.0180 would expose 1.0060 area. Immediate resistance is seen around 1.0230.

A clear break above that area could lead price to neutral zone in nearest term testing 1.0300 area.
 
USDCHF Forecast. 6/1/2017

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The USDCHF continued its bearish momentum yesterday bottomed at 1.0086. The bias remains bearish in nearest term testing 1.0060 – 1.0020 support area which is a good place to buy. Immediate resistance is seen around 1.0150.

A clear break above that area could lead price to neutral zone in nearest term testing 1.0180 – 1.0200 region.
 
USDCHF Forecast. 9/1/2017

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The USDCHF had another indecisive movement last week. The bias is neutral in nearest term probably with a little bullish bias testing 1.0230/80 area. Immediate support is seen around 1.0140. A clear break below that area could trigger further bearish pressure testing 1.0100 – 1.0060 support area.
 
USDCHF Forecast. 10/1/2017

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The USDCHF was indecisive yesterday but traded lower earlier today in Asian session hit 1.0120. The bias is bearish in nearest term testing 1.0060/00 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0150. A clear break above that area could lead price to neutral zone in nearest term testing 1.0200 region.
 
USDCHF Forecast. 11/1/2017

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The USDCHF had another indecisive movement yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.0200. A clear break above that area could trigger further bullish pressure testing 1.0250 but key resistance remains around 1.0325. Immediate support is seen around 1.0140.

A clear break below that area could trigger further bearish pressure testing 1.0100 or lower but key support is seen around 1.0060/00.
 
USDCHF Forecast. 12/1/2017

UC_12_1_2017.jpg

The USDCHF attempted to push higher yesterday topped at 1.0248 but whipsawed to the downside and closed lower at 1.0141. The bias is neutral in nearest term probably with a little bearish bias testing 1.0060/00 support area which is a good place to buy. Immediate resistance is seen around 1.0180 – 1.0200 area.

A clear break and daily close above that area would expose 1.0325 key resistance.
 
USDCHF Forecast. 13/1/2017

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The USDCHF attempted to push lower yesterday bottomed at 1.0056 but closed higher at 1.0109. The bias is neutral in nearest term probably with a little bullish bias testing 1.0200 resistance area. Immediate support is seen around 1.0060 – 1.0000 region which is a good place to buy with a tight stop loss.

Overall I remain neutral.
 
USDCHF Forecast. 16/1/2017

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The USDCHF had a bearish momentum last week but still found a good/strong support around 1.0060/00 area which remains a good place to buy. The bias is neutral in nearest term probably with a little bullish bias testing 1.0150 – 1.0200 area.

Overall I remain neutral.
 
USDCHF Forecast. 17/1/2017

UC_17_1_2017.jpg

The USDCHF was indecisive yesterday. The bias remains neutral in nearest term. Key support remains around 1.0060/00 which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.0150. A clear break above that area could trigger further bullish pressure testing 1.0200 area.

Overall I remain neutral.
 

Live Forex Chart

Currency
Rates
EUR / USD
1.12330
USD / JPY
158.425
GBP / USD
1.32492
USD / CHF
0.83348
USD / CAD
1.42257
EUR / JPY
177.959
AUD / USD
0.69699
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