The USDCHF had another indecisive movement yesterday formed a Doji on daily chart. Price attempted to push higher topped at 0.9968 but closed lower at 0.9932. The bias remains neutral in nearest term but overall price is still in a bearish phase targeting 0.9880 and 0.9813 area.
On the upside, 1.0020 remains a key resistance and good place to sell with a tight stop loss. Overall I remain neutral.
The USDCHF had a bearish momentum last week bottomed at 0.9853. The bias is bearish in nearest term testing 0.9813/00 area. Immediate resistance is seen around 0.9950. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains at 1.0020 which remains a good place to sell with a tight stop loss.
On the downside, a clear break and daily close below 0.9813/00 would expose 0.9750 area.
The USDCHF had a bullish momentum last week slipped above the trend line resistance but closed back below the trend line resistance as you can see on my H4 chart below. The H4 EMA 200 (located around 0.9990) still provides a good support so far. The bias is neutral in nearest term.
Immediate resistance is seen around 1.0050. A clear break above that area could trigger further bullish pressure testing 1.0085 or higher. On the downside, a clear break below 0.9990 would expose 0.9950/00 region. Overall I remain neutral.
The USDCHF continued its bearish momentum yesterday bottomed at 0.9847 and hit 0.9836 earlier today in Asian session. The bias remains bearish in nearest term as a part of the false breakout bearish scenario as you can see on my H4 chart below, targeting 0.9813 region.
Immediate resistance is seen around 0.9861 (current high). A clear break above that area could lead price to neutral zone in nearest term testing 0.9900 region but only a clear break above 0.9950 could interrupt the current bearish momentum. On the downside, a clear break and daily close below 0.9813 would expose 0.9750/00 area.
The USDCHF continued its bearish momentum yesterday bottomed at 0.9774. The bias remains bearish in nearest term testing 0.9750/00 region as a part of the false breakout bearish scenario I told you about yesterday.
Immediate resistance is seen around 0.9813 – 0.9855 region. A clear break above that area could lead price to neutral zone in nearest term testing 0.9900 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term but overall I remain bearish.
Immediate resistance is seen around 0.9855. A clear break above that area could trigger further bullish pullback testing 0.9900 but any upside pullback should be seen as a good opportunity to sell with nearest target seen around 0.9750/00 area.
The USDCHF had a bearish momentum last week bottomed at 0.9725. The bias is bearish in nearest term testing 0.9650 area as a part of the false breakout bearish scenario as you can see on my H4 chart below.
Immediate resistance is seen around 0.9750. A clear break above that area could lead price to neutral zone in nearest term testing 0.9813/55 resistance area which is a good place to sell with a tight stop loss.
The USDCHF had a bullish momentum yesterday topped at 0.9525 and hit 0.9531 earlier today in Asian session after bounced-off 0.9450 key support as you can see on the daily chart above. Overall price is still in a bearish phase and moves below the EMA 200 but the bias is bullish in nearest term testing 0.9620 key resistance.
Immediate support is seen around 0.9500. A clear break below that area could lead price to neutral zone in nearest term retesting 0.9450 key support which is a good place to buy with a tight stop loss.
The USDCHF had a strong bullish momentum yesterday topped at 0.9661 and hit 0.9721 earlier today in Asian session. The bias is bullish in nearest term testing 0.9765 – 0.9807 resistance area which is a good place to sell.
Immediate support is seen around 0.9650. A clear break below that area could lead price to neutral zone in nearest term testing 0.9595/50 area. Overall we remain bearish but need a clear break at least back below 0.9550 to keep the bearish outlook remain strong.
The USDCHF had a strong bullish momentum last week topped at 0.9726. The bias is bullish in nearest term especially if price able to stay consistently above 0.9700 targeting 0.9765 – 0.9807 key resistance area which is a good place to sell with a tight stop loss.
Immediate support is seen around 0.9620. A clear break below that area could lead price to neutral zone in nearest term testing 0.9550 region which need to be clearly broken to the downside to keep the bearish outlook remains strong retesting 0.9450 key support.
