USD/CHF Mid-Day Outlook

[seiko]

USD/CHF Mid-Day Outlook
USDCHF Outlook | Written by ActionForex.com | Mar 03 08 15:16 GMT |
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 1.0364; (P) 1.0446; (R1) 1.0490; More

USD/CHF turns sideway after fall from 1.1105 reached as low as 1.0308, meeting mentioned short term target of 100% projection of 1.1596 to 1.0836 from 1.1105 at 1.0345. Nevertheless, intraday bias remains on the downside as long as 1.0481 minor resistance holds. Further decline is still expected to 161.8% projection of 1.3283 to 1.1919 from 1.2467 at 1.0260. Meanwhile, above 1.0481 will indicate that an intraday low is already in place and bring further consolidation. Though, recovery should be limited by 1.0644 resistance and bring fall resumption.

In the bigger picture, whole down trend from 1.3283 (05 high) resumed after last week's break of 1.0729 low. The preferred interpretation is that fall from 1.3282 was initially contained at 1.1919 and turned into sideway triangle consolidation that completed at 1.2467, where the medium term down trend from 1.3283 resumed . Having said that, next medium term downside target will be 161.8% projection of 1.3283 to 1.1919 from 1.2467 at 1.0260. Also, such medium term decline is tentatively treated as resumption of the long term down trend from 1.8305 (00 high) which could extend further to parity. Meanwhile, touching of 1.729 support turned resistance is needed to be the first indication that a medium low is already in place.

[richtrader]

USD/CHF Outlook
Daily Pivots: (S1) 1.0157; (P) 1.0206; (R1) 1.0241; More

USD/CHF rebounds strongly in early US session and break of 1.0285 resistance indicates correction from 1.0132 is extending further to 4 hours 55 EMA (now at 1.0381) or higher. Though, as discussed before, upside is still expected to be limited well below 1.0729 cluster resistance (61.8% retracement of 1.1105 to 1.0132 at 1.0733) and bring down trend resumption. Meanwhile, below 1.0132 will indicate that the fall has already resumed for next downside target of 100% projection of 1.2467 to 1.0890 from 1.1596 at 1.0019 which is close to parity.

In the bigger picture, whole down trend from 1.3283 (05 high) is still in progress and has met 161.8% projection of 1.3283 to 1.1919 from 1.2467 at 1.0260 already. Also, such medium term decline is tentatively treated as resumption of the long term down trend from 1.8305 (00 high) which should extend to parity, and probably further to 61.8% projection of 1.8305 to 1.1128 from 1.3283 at 0.8946. Meanwhile, touching of mentioned 1.0729 resistance is needed to be the first indication that a medium term bottom is in place. Otherwise, such down trend is still expected to resume even after strong correction.

[aamer]

Short term (Intraday)
1,0299. USD CHF broke 1,0220 resistance. USD CHF is in an downtrend directed by 4H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0350. The downtrend should continue on 1,0140 (160 pips) support.
Resistances
1,0350 - 1,0400
Supports
1,0275 - 1,0200

[richtrader]

thanks for the analyses ameer...sm_smile

[ABUBAK3]

0.9984. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.9961 or 0.9922. Major support is clustered around 0.9837 limit.

[nicks]

USD/CHF's rebound from 0.9887 was limited by 4 hours 55 EMA and weakens again in early US session.
At discuss before, with 0.9870 support still holds, corrective rebound from 0.9634 could still extend further, with risk of testing 1.0352 resistance zone before completing rebound from 0.9634.
Break of 0.9870 will indicate that correction from 0.9634 has completed and will bring retest of this low.

[nicks]

USD/CHF continues to engage in choppy sideway trading in lower side of the range of 0.9870 and 1.0249.
Outlook remains neutral for the moment. Though, as long as 0.9870 support holds, the corrective rise from 0.9634 could still extend further, with risk of testing 1.0352 resistance zone before completion.
On the downside, though, below 0.9870 will indicate that correction from 0.9634 has completed and will bring retest of this low.

[nicks]

Usd/chf Is Now 1.0038
Where Do U Think It Will Go From Here?

[randomizr]

where to find gbp/usd .
Historical rates in long periods.
If you have put in this forum please.
Thanks.