The USDCHF continued its bullish momentum yesterday topped at 1.0000. The bias remains bullish in nearest term testing 1.0037 key resistance.
Immediate support remains around 0.9940 – 0.9920 region. A clear break below that area could lead price to neutral zone in nearest term but any bearish correction now is normal and overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.0037 would expose 1.0100 region or higher.
The USDCHF continued its bullish momentum yesterday slipped above 1.0037 resistance area, topped at 1.0057 but closed a little bit lower at 1.0026. The bias remains bullish in nearest term testing 1.0100 region.
Immediate support is seen around 1.0000 and the support/lower line of the bullish channel as you can see on my H1 chart below. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The USDCHF was indecisive yesterday. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.0100 area.
Immediate support is seen around 1.0000 located around the support/lower line of the bullish channel as you can see on my H1 chart below. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.0100 would expose 1.0170 – 1.0200 region.
The USDCHF had a moderate bullish momentum yesterday topped at 1.0056. The bias is bullish in nearest term testing 1.0100 area.
Immediate support is seen around 1.0015 located around the support line of a bullish channel as you can see on my H1 chart below. A clear break below that area could lead price to neutral zone in nearest term testing 0.9950 area but overall I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The USDCHF attempted to push higher last week, topped at 1.0056 but closed lower at 1.0004. Price broke below the bullish channel and now struggling around the h1 EMA 200 as you can see on my H1 chart below. The bias is bearish in nearest term especially if price able to break below 0.9975 targeting 0.9935/00 region.
Immediate resistance is seen around 1.0015. A clear break above that area could lead price to neutral zone in nearest term testing 1.0055 region which need to be clearly broken to the upside to reactivate my bullish mode.
The USDCHF attempted to push lower yesterday slipped below 0.9975 but unable to make a clear break below that support and closed higher at 1.0004.
The bias is neutral in nearest term probably with a little bullish bias testing 1.0055 key resistance which need to be clearly broken to the upside to resume the bullish trend and reactivate my bullish mode. On the other hand, a clear break below 0.9975/60 would continue the bearish correction testing 0.9935/00 area or lower.
The USDCHF had another indecisive movement yesterday. There are no changes in my technical outlook. Price is still trapped inside the range area as you can see on my H1 chart below. The bias remains neutral in nearest term.
Immediate resistance is seen around 1.0015. A clear break above that area could trigger further bullish pressure testing 1.0055 key resistance which need to be clearly broken to the upside to reactivate my bullish mode. On the downside, a clear break and daily close below 0.9960 would expose 0.9900 – 0.9870 region.
The USDCHF had another indecisive movement yesterday. Price is still trapped inside a 95-pip range area between 1.0055 – 0.9960 as you can see on my H1 chart below and we need a clear break from that range area to see clearer direction. The bias remains neutral in nearest term.
A clear break above 1.0055 would reactivate my bullish mode testing 1.0100 or higher. On the downside, a clear break below 0.9960 would expose 0.9900 – 0.9870 area.
The USDCHF had another indecisive movement last week. Price slipped below 0.9960 key support but closed higher and hit 0.9997 earlier today in Asian session. This fact keeps my short term bias in a neutral mode as price is still trapped in a 95-pips range area between 1.0055 – 0.9960 as you can see on my H1 chart below.
Immediate resistance is seen around 1.0015. A clear break above that area would expose 1.0055 key resistance which need to be clearly broken to the upside to resume the bullish trend and reactivate my bullish mode. On the downside, a clear break and daily close below 0.9960 would expose 0.9900 – 0.9870 area.
The USDCHF was indecisive yesterday. The bias is neutral in nearest term, probably with a little bearish bias retesting 0.9960/50 key support area. A clear break below that area would activate my short-term bearish bias testing 0.9900 – 0.9870 area.
Immediate resistance is seen around 1.0000. A clear break and daily close above that area would expose 1.0055 key resistance which need to be clearly broken to the upside to resume the bullish trend targeting 1.0100 or higher.
