USD/CHF Analisis

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains neutral for consolidation above 0.9784 temporary low. On the upside, break of 1.0033 will suggest that fall from 1.0327 is merely a correction and is completed. In such case, stronger rise would be seen back to retest 1.0327 resistance.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains neutral with focus on 1.0033 minor resistance. Break there will indicate that fall from 1.0327 is merely a correction and is completed. In such case, stronger rise would be seen back to retest 1.0327 resistance.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

The failure to sustain above 1.0239 key resistance and sharp fall from 1.0327 is raising the change of medium term reversal. Sustained break of 0.9842 resistance turn support will now turn medium term outlook bearish for 0.9475 support first.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains mildly on the upside as the choppy rebound from 0.9784 would extend. But again, price actions from 0.9784 are corrective in nature. Thus, we'd expect strong resistance below 1.0327 to bring near term reversal. Below 0.9989 minor support will turn bias back to the downside.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains on the downside for the moment. Fall from 1.0255 is still in progress and is seen as the third leg of the pattern from 1.0327. Deeper fall would be seen to 0.9784 low next.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains on the downside for the moment. Fall from 1.0255 is still in progress and is seen as the third leg of the pattern from 1.0327. Deeper fall would be seen to 0.9784 low next. At this point, we'd expect strong support from there to bring rebound.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

USD/CHF's fall accelerates today and took out 0.9784 support. The development argues that the larger trend is reversing. Intraday bias remains on the downside and further fall would be send to 0.9475 support. On the upside, above 0.9869 minor resistance will turn bias neutral and bring consolidations before staging another decline.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains on the downside at this point. Current decline should now target 0.9475 key support level next. On the upside, above 0.9869 minor resistance will turn bias neutral and bring consolidations before staging another decline.
 

brother

Active Trader
Feb 17, 2016
114
0
32
36
The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.
 

brother

Active Trader
Feb 17, 2016
114
0
32
36
As the price has reached the level of support, I think that now it will go up and will reach the 0.9980mark (will pass the mark).
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Despite rising to 1.0091 last week, USD/CHF reversed from there and dropped sharply since then. The development suggests that rebound from 0.9660 is completed. Initial bias is on the downside this week for 0.9660 first.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

USD/CHF's fall accelerated last week and the breach of 0.9660 support indicates that decline from 1.0327 is resuming. Initial bias remains on the downside this week.
 

brother

Active Trader
Feb 17, 2016
114
0
32
36
I think that the price will reach 0.9849 level. After that, the price return to the level of 0.9657 or further.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

Intraday bias in USD/CHF remains neutral for consolidation above 0.9650 temporary low. Prior breach of 0.9660 support indicates that decline from 1.0327 is resuming.
 

Steve Lock

Active Trader
Feb 28, 2015
202
0
32

The buyers need to break above 0.9850 for a steady growth. The way to the mark 0.9960 will be opened after this breakthrough. If the price fixates below the support 0.9750, it may continue the downward trend in the short term. The potential target is 0.9660.
 

Maverick

Master Trader
Apr 3, 2014
323
2
79
Bournemouth UK
Just adding my RENKO take on the pair @ 14.30 BST . . . 74 is ADR . . . S3 being 62

USDCHF.jpg

Will is bounce of S3 or break through . . . Looking like a possible re-trace

bbsqueeze would appear to have called it right - first Aqua dot after Magenta

35 pips thank you very much :)
.
 

Jeremiah

Master Trader
Aug 24, 2015
69
0
47
I think that the asset will go for breaking the bottom line after reflecting from the upper bound.
 

brother

Active Trader
Feb 17, 2016
114
0
32
36
I can see two scenarios here – the basic (1) and alternative (2).