The USDCHF had a bearish momentum yesterday slipped below 1.0000 psychological support but still unable to stay below 1.0000, which remains a good place to buy with a tight stop loss. The bias is bearish in nearest term. Immediate resistance is seen around 1.0060. A clear break above that area could lead price to neutral zone in nearest term testing 1.0100 area or higher.
On the downside, a clear break below 1.0000 psychological level would expose 0.9900 area.
The USDCHF had a bearish momentum last week slipped below 1.0000 psychological level and hit 0.9982 earlier today in Asian session. The bias is bearish in nearest term testing 0.9900 area. Immediate resistance is seen around 1.0035. A clear break above that area could lead price to neutral zone in nearest term testing 1.0100 area.
The USDCHF failed to continue its bearish momentum yesterday topped at 1.0018. The bias is neutral in nearest term. Immediate resistance is seen around 1.0060. A clear break above that area could trigger further bullish pressure testing 1.0100 area. Immediate support is seen around 0.9985. A clear break below that area could trigger further bearish pressure testing 0.9900 region.
Overall I remain neutral, but price is still in a bearish phase since fell from 1.0335.
The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term but overall price is still in a bearish phase since fell from 1.0335 (double top) as you can see on my H4 chart below with nearest bearish target seen at 0.9900. Immediate resistance is seen around 1.0025 followed by 1.0060.
The USDCHF was indecisive last week but overall still able to maintain its bearish bias since fell from 1.0335. The bias is neutral in nearest term probably with a little bearish bias testing 0.9900 region. Immediate resistance is seen around 1.0025 followed by 1.0060.
The USDCHF was indecisive last week. The bias is neutral in nearest term probably with a little bearish bias testing 0.9850 – 0.9800 region. Immediate resistance is seen around 0.9950 followed by 1.0000 which is a good place to sell with a tight stop loss.
Overall I remain neutral but still prefer a bearish scenario at this phase since price fell from 1.0335 level (double top).
The USDCHF was indecisive yesterday. The bias remains neutral in nearest term but overall I prefer a bearish scenario at this phase targeting 0.9800 area as a part of the double top bearish scenario. Immediate resistance is seen around 0.9950 followed by 1.0000 which is a good place to sell with a tight stop loss.
The USDCHF had a bullish momentum yesterday slipped above 1.0000. The bias is bullish in nearest term but 1.0000 – 1.0040 (H4 EMA 200) area is a good place to sell with a tight stop loss. Immediate support is seen around 0.9950. A clear break below that area could lead price to neutral zone in nearest term testing 0.9900 region.
The USDCHF had a bullish momentum yesterday topped at 1.0018. The bias is bullish in nearest term but 1.0000 – 1.0040 region remains a good place to sell with a tight stop loss. Immediate support is seen around 0.9980. A clear break below that area could lead price to neutral zone in nearest term testing 0.9930/00 region. On the upside, a clear break and daily/weekly close above 1.0040 would expose 1.0120 area or higher next week.
The USDCHF had a bullish momentum last week topped at 1.0062. Price slipped above the H4 EMA 200 as you can see on my H4 chart below, suggests a potential bullish pullback. The bias is bullish in nearest term testing 1.0100. Immediate support is seen around 1.0000. A clear break back below that area could lead price to neutral zone in nearest term testing 0.9950 region.
