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EUR/CHF edged lower to 0.9476 last week but recovered since then. Initial bias remains neutral and some more consolidations would be seen. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 0.9683 resistance holds. On the downside, break of 0.9476, and sustained trading below 61.8% retracement of 0.9252 to 0.9928 […]

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29/06/2024

USD/CHF Weekly Outlook

USD/CHF’s stronger than expected rebound argues that fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Initial bias is mildly on the upside for channel resistance (now at 0.9037). Firm break there will target 0.9157 resistance next. On the downside, below 0.8956 minor support will turn intraday bias neutral gain first. […]
19/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9690; (P) 0.9713; (R1) 0.9732; More… Intraday bias in EUR/CHF is back on the downside as fall from 0.9847 resumed. Sustained break of 38.2% retracement of 0.9252 to 0.9847 at 0.9620 will bring deeper fall to 61.8% retracement at 0.9479. On the upside, though, break of 0.9721 minor resistance will turn bias […]

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9095; (P) 0.9110; (R1) 0.9140; More…. Intraday bias in USD/CHF remains neutral for the moment and consolidation from 0.9151 could extend. But further rally is expected with 0.8996 support intact. Break of 0.9151 will resume larger rally from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will confirm short term topping, […]