USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.6688; (P) 0.6716; (R1) 0.6734; More… Break of 0.6713 resistance turned support indicates short term topping at 0.6798, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to bring rebound. On the […]

Daily Pivots: (S1) 0.9744; (P) 0.9777; (R1) 0.9808; More… Intraday bias in EUR/CHF stays neutral for the moment and more consolidations could be seen below 0.9847. But near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, […]

Daily Pivots: (S1) 0.9591; (P) 0.9611; (R1) 0.9634; More… Intraday bias in EUR/CHF stays on the upside despite diminishing upside momentum. Rise from 0.9252 is in progress for 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. On the downside, below 0.9582 minor support will turn intraday bias neutral and bring consolidations first, […]