***** Daily Technical Outlook on USD/CHF ******

USD/CHF during the recent Days was in a strong and consistent Downtrend that sellers were successful in achieving the lowest price of 0.87202.Price during the downfall with reaching to the Fibonacci level of 161.8 ABC pattern has stopped from more descend and has formed a bottom price in the level of 0.87202.Currently in H4 AND H1 time frames price is above 5-day moving average that warns about the potential of ascending of price during short period of time.

AS it is obvious in the picture below, there is an ideal AB=CD harmonic pattern between the top price of 0.86610 and the bottom price of 0.87202 with ratios of 78.6 and 161.8 (also formation of butterfly pattern in CD wave), that warns the ascending of price from the D point.RSI indicator is in saturation Sell area and confirms the current bottom price, also wars about formation of a bottom price.Generally until the price level of 0.87202(D Point)is preserved, price will have the potential for reformation and ascending.

[B]
Technical Analysis of USD/CHF dated 2014.05.07[/B]

DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 08 May 2014 00:18GMT

Trend Daily Chart
Sideways

Daily Indicators

Neutral

21 HR EMA
0.8756

55 HR EMA

0.8757

Trend Hourly Chart
Down

Hourly Indicators

Rising

13 HR RSI
66

14 HR DMI

[B]+ve

Daily Analysis[/B]
Consolidation b4 oe more fall

Resistance
0.8862 - Apr 22 high
0.8806 - Last Fri’s European high
0.8780 - Tue’s high

Support

0.8721 - Tue’s low
0.8698 - Mar 13 (2014 low )
0.8652 - 100% proj. of 0.8953-0.8743 fm 0.8862

. USD/CHF - 0.8764… The greenback traded narrowly in Asia y’day after falling to a 6-week low of 0.8721 on Tue. Price edged higher to 0.8754 in Europe n then closed near session’s high of 0.8764 in NY.

. Looking at the hourly n daily charts, y’day’s rebound after failure to
penetrate Tue’s low at 0.8721 suggests MT decline fm 2012 peak at 0.9972 is not ready to resume yet n minor consolidation wud be seen, however, reckon res at 0.8780 (Tue’s high) shud limit upside n bring another fall twds 0.8721. Below wud confirm above mentioned decline has resumed n yield re-test of Mar’s 2-year low at 0.8698, break wud add credence to recent bearish view n yield further weakness twd 0.8652 (equality projection of 0.8953-0.8743 measures fm 0.8862) later this week. Having said that, as hourly oscillators wud display prominent ‘bullish convergences’ on such move, reckon 0.8582, being 80.9% projection of 0.9156-0.8698 measured fm 0.8953 wud hold n bring a much-needed correction.

. Today, we are holding a short position entered y’day in anticipation of
subsequent weakness to 0.8670. Only a daily close abv 0.8780 wud abort bearish scenario n may risk stronger retracement to 0.8806 n possibly 0.8830/40.

i didint found any topic about CADCHF,if this analysis is not goof for here,please move,thanks

CAD/CHF form 2012 till now was in a strong and coherent descending trend that sellers strictly followed their descending price targets. Price during the recent downtrend was able to record the bottom price of 0.78000 and it is fixed by the ascending candles. The mentioned bottom price is One of the lowest price in the history of this currency pair and generally the price is in a saturation sell area. As it is obvious in the picture below, price during the descending has touched the lower median line and also the round supportive level of 0.78000 and has created the Spining Top candlestick pattern. Closing of the bullish candle(Engulfing pattern) after this pattern will confirm it and warns about ascending of price.

Also In monthly time frame of this currency pair, there is a non-ideal hammer candle stick pattern that warns about the potential for formation of a bottom price and ascending of the price for buyers.RSI indicator in weekly and Monthly time frame is in saturation sell area and with the next cycle confirms the current bottom price and warns about the potential of ascending during the next candles. Generally according to the formed signs in this price chart, until the bottom price of 0.78000 is preserved, there will be the potential for ascending and price reformation in this currency pair.

[B]Technical analysis of CAD/CHF dated 2015.05.08[/B]

DAILY USD/CHF TECHNICAL OUTLOOK

Last Update At 14 May 2014 00:13GMT

Trend Daily Chart
Sideways

Daily Indicators

Rising

21 HR EMA
0.8893

55 HR EMA
0.8874

Trend Hourly Chart
Up

Hourly Indicators
Bearish divergences

13 HR RSI
60

14 HR DMI
+ve

Daily Analysis
Marginal rise b4 retreat

Resistance
0.8953 - Apr 04 high
0.8927 - Apr 03 high
0.8909 - Y’day’s high

Support
0.8859 - Mon’s low
0.8802 - Last Fri’s European ow
0.8766 - Last Thur’s Asian high (now sup)

. USD/CHF - 0.8899.… Although the greenback traded sideways in Asia y’day n briefly edged lower to 0.8866 in early European morning, price rose to session high at 0.8907 on euro’s weakness, dlr retreated to 0.8882 in NY morning after weaker-than-expected U.S. retail sales b4 climbing to a 1-month high of 0.8909.

. Looking at the hourly n daily charts, dlr’s rally fm last Thur’s low at
0.8703 n y’day’s breach of Mon’s high at 0.8881 suggests further choppy trading abv Mar’s 2-year low at 0.8698 wud continue with upside bias n gain twds res at 0.8927 wud be seen, however, ‘bearish divergences’ onthe hourly indicators shud prevent strg gain n reckon key res at 0.8953 (reaction high fm 0.8698) wud cap upside this week n bring another fall later. On the downside, only a daily close below 0.8802 (Fri’s Asian low) wud defer bullishness n signal the corrective rise fm 0.8703 has formed a temporary top instead n risk subsequent weakness to 0.8766 (previous res, now sup).

. Today, in view of abv analysis, we’re buying dlr on dips for one more
rise or sell if price climbs to 0.8920/30 1st for a long-overdue retracement to
0.8860 but sup 0.8802 shud remain intact n yield another upmove next week.

As it was mentioned in the previous analysis of this currency pair dated 2014.05.07, according to the formed signs in the price chart, there was the possibility of ascending of the price which finally happened. The price during its ascending trend could record the top price of 0.89708.Currently in 4H time frame with formation of Engulfing candlestick pattern (the failure of buyers in reaching to the highest prices) price has been stopped from more ascending and there is a possibility of formation of a top price and finally descending of the price.

RSI indicator is in saturation buy area and in divergence mode with the price chart, warns about formation of a top price. According to the long term time frames like Daily and Weekly time frames, there is not any clear reason for descending of the price and the price in both time frames is closed above 5day moving average. This situation shows unstable reformation and descends in 4 H time frame. Generally until the top price of 0.89708 is preserved, the price has the potential for descending and reformation in this currency pair and by breaking this price level in 4H time frame, there is the possibility of more ascending of price ( according to the technical analysis of 2014.05.07).

[B]Technical Analysis of USD/CHF dated 2014.05.26[/B]

DAILY USD/CHF TECHNICAL OUTLOOK

Last Update At 04 Jun 2014 00:06GMT

Trend Daily Chart
Sideways

Daily Indicators
Rising

21 HR EMA
0.8969

55 HR EMA
0.8971

Trend Hourly Chart

Sideways

Hourly Indicators
Neutral

13 HR RSI
48

14 HR DMI
-ve

Daily Analysis
Choppy trading b4 up move resumes

Resistance
0.9082 - Feb 03 high
0.9038 - Feb 12 high
0.8996 - Mon’s 3-month high

Support
0.8934 - Last Fri’s low
0.8897 - May 21 low
0.8862 - Apr 22 high (now sup)

. USD/CHF - 0.8967… Although the dlr remained under pressure in Asia yesterday, price briefly rebounded to session high at 0.8994 in European morning. However, failure to penetrate Mon’s high at 0.8996 triggered profit-taking n price fell sharply to session lows of 0.8951 in NY morning b4 recovering.

. Looking at the hourly chart, y’day’s retreat after failure to penetrate Mon’s 3-month high at 0.8996 suggests choppy trading below there wud continue with mild downside bias n below 0.8934 wud bring a stronger correction of rise from Mar’s 2-year low at 0.8698, however, sup 0.8897 (May 21 low) shud hold n bring another rise twds 0.8996. Looking ahead, abv 0.8996 wud extend aforesaid up move twds 0.9018, being 1.236 times extension of 0.8698-0.8953 measured from 0.8703, having said that, as the hourly oscillators wud display prominent ‘bearish divergences’ on next rise, strg gain abv there is unlikely to be seen n reckon res 0.9038 wud cap upside n yield retreat later this week.

. Today, in view of abv analysis, we are buying dlr on intra-day retreat for gain to 0.9005 or wud sell if price rises to there 1st. Below 0.8897 wud confirm a temporary top is in place n risk stronger retracement to 0.8862.

DAILY USD/CHF TECHNICAL OUTLOOK

Last Update At 11 Jun 2014 00:06GMT

Trend Daily Chart
Sideways

Daily Indicators
Bearish divergences

21 HR EMA
0.8990

55 HR EMA
0.8975

Trend Hourly Chart
Near term up

Hourly Indicators
Turning down

13 HR RSI
62

14 HR DMI
+ve

Daily Analysis
Consolidation with upside bias

Resistance
0.9082 - Feb 03 high
0.9037 - Last Thur’s high
0.9008 - Y’day’s high

Support
0.8965 - Y’day’s low
0.8920 - Mon’s low
0.8908 - Last Thur’s low

. USD/CHF - 0.8997 … Although the greenback traded in a narrow range in Asia y’day, renewed buying emerged at 0.8964 at European open n price rallied to session high of 0.9008 at European midday. However, dlr pared some of its gains n retreated to 0.8989 at NY open b4 moving sideways in subdued NY session.

. Looking at the hourly chart, y’day’s rebound to 0.9008 suggests pullback fm last Thur’s 3-1/2 month high at 0.9037 has ended at 0.8908 (Thur NY low) n consolidation with upside bias remains for erratic rise fm Mar’s 2-year trough at 0.8698 to resume n yield re-test of aforesaid top. Abv wud retain bullishness for further gain to 0.9076/82, being the ‘natural’ 50% r of MT decline fm 0.9455 (2013 Sep peak) n Feb 03 high respectively, however, as hourly oscillators wud display ‘bearish divergences’ on such move, strg gain abv there is unlikely to be seen n risk wud increase for a much-needed correction later this week.

. Today, in view of abv analysis, we are buying dlr on intra-day retreat for a re-test of 0.9037 1st n only below Mon’s low at 0.8920 wud indicate a temporary top has been made n turn outlook bearish for a stronger correction to 0.8908 but sup 0.8883 shud remain intact n yield subsequent rebound.

DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 17 Jun 2014 00:26GMT

Trend Daily Chart
Sideways

Daily Indicators
Bearish divergences

21 HR EMA
0.8980

55 HR EMA
0.8986

Trend Hourly Chart
Sideways

Hourly Indicators
Falling

13 HR RSI
36

14 HR DMI
-ve

Daily Analysis
Consolidation with mild upside bias

Resistance
0.9082 - Feb 03 high
0.9037 - Jun 05 3-1/2 month high
0.9013 - Y’day’s high

Support
0.8960- Last Fri’s low
0.8620 - Last Mon’s low
0.8908 - Jun 05 low

. USD/CHF - 0.8971… The greenback remained under pressure in Asia y’day n retreated to 0.8987 at European open. Despite a one-tick break of prev. 0.9012 res, dlr met renewed selling n fell sharply to an intra-day low at 0.8966 in NY morning on risk aversion due to escalating tensions in Iraq.

. Looking at the hourly chart, although dlr’s retreat fm 0.9013 suggests recent rise fm Mar’s 2-year low at 0.8698 is not yet ready to resume n further choppy trading below Jun’s 3-1/2 month wud continue with mild downside bias, reckon last Mon’s low at 0.8620 shud remain intact n yield recovery. Abv 0.9037 wud extend aforesaid upmove twds 0.9076/82, this is a ‘natural’ 50% r of the MT decline fm 0.9455 (2013 Sep peak) n Feb 03 high respectively. Having said that, as the hourly oscillators wud display ‘bearish divergences’ on such move, strg gain abv there is unlikely to be seen n risk has increased for a much-needed correction to take place later this week.

. Today, in view of abv analysis, we are buying dlr on intra-day decline n only below 0.8920 wud abort bullishness on euro n risk stronger retracement twd 0.8908 (Jun 05 low) b4 prospect of another rebound.

DAILY USD/CHF TECHNICAL OUTLOOK

Last Update At 27 Jun 2014 00:18GMT

Trend Daily Chart
Sideways

Daily Indicators
Turning down

21 HR EMA
0.8935

55 HR EMA
0.8935

Trend Hourly Chart
Sideways

Hourly Indicators
Neutral

13 HR RSI
49

14 HR DMI
+ve

Daily Analysis
Consolidation with mild upside bias

Resistance
0.9037 - Jun 05 3-1/2 month high
0.9013 - Last Mon’s high
0.8975 - Last Fri’s high

Support
0.8908 - Wed’s n Jun 05 low
0.8867 - 50% r of 0.8698-0.9037
0.8821 - 06 May low

. USD/CHF - 0.8934.… Although the greenback traded sideways in Asia y’day n edged lower to session low at 0.8922 at European open, renewed buying emerged there n price rose to an intra-day high at 0.8957 in NY morning on dlr’s broadbased strength. Later, price retreated to 0.8941 b4 moving narrowly in NY.

. Looking at the hourly n daily charts, despite Wed’s re-test of 0.8908 (reaction low fm 0.9037), failure to penetrate this near term key sup suggests further choppy ‘sideways trading’ inside the near 3-week range of 0.8908-0.9037 wud continue with mild upside bias n abv last Fri’s high at 0.8975 wud extend marginally but res 0.9013 shud remain intact n yield another fall later. On the downside, below 0.8908 wud confirm the 3-legged rise fm Mar’s near 2-1/2 year trough at 0.8698 has formed a temp. top at Jun’s 3-1/2 month peak at 0.9037 n risk stronger retracement twds 0.8867, being the ‘natural’ 50% r of said move, however, sup at 0.8821/27 (May 06 low n 61.8% r resp.) shud hold.

. Today, we are holding a long position entered y’day for gain to 0.9000 n although below 0.8908 wud extend weakness, prominent ‘bullish convergences’ on hourly oscillators wud prevent steep fall n yield rebound.

DAILY USD/CHF TECHNICAL OUTLOOK

Last Update At 08 Jul 2014 00:00GMT

Trend Daily Chart
Sideways

Daily Indicators
Turn up

21 HR EMA
0.8938

55 HR EMA
0.8935

Trend Hourly Chart
Sideways

Hourly Indicators
Falling

13 HR RSI
41

14 HR DMI
-ve

Daily Analysis
Initial weakness b4 one more rise

Resistance
0.9013 - Jun 16 high
0.8975 - Jun 20 high
0.8959 - Y’day’s high

Support
0.8899 - Last Wed’s high (now sup)
0.8857 - Last Tue’s low
0.8821 - May 06 low

. USD/CHF - 0.8934… The greenback traded with a firm bias in Asia y’day n rose to session high at 0.8959 at European open, however, dlr pared intra-day gains n retreated to 0.8938 in European morning, then marginally lower to 0.8930 in NY due to dlr’s broad-based retreat b4 stabilizing ahead of NY close.

. Looking at the daily chart, dlr’s strg rebound fm last Tue’s 6-week low at 0.8857 suggests the early fall fm Jun’s 3-1/2 month high at 0.9037 has ended there n consolidation with upside bias wud be seen. A daily close abv 0.8968/75, this is the ‘dynamic’ 61.8% r of aforesaid decline n Jun 20 top respectively, wud add credence to this view n extend gain twds res 0.9013 (Jun 16 peak). However, reckon said 0.9037 res shud hold this week n yield retreat later. On the downside, only below 0.8857 wud revive bearishness of a stronger retracement of upmove fm Mar’s 2-1/2 year trough at 0.8698 twds 0.8821/27 (May 06 low n 61.8% r of 0.8698-0.9037 respectively).

. Today, in view of abv analysis, we are buying dlr on intra-day decline in
anticipation for one more rise to 0.8895 n only below 0.8899 (prev. res, now
sup) wud abort n risk weakness to 0.8873 but sup at 0.8857 shud remain intact.

DAILY USD/CHF TECHNICAL OUTLOOK

Last Update At 14 Jul 2014 23:58GMT

Trend Daily Chart
Sideways

Daily Indicators
Neutral

21 HR EMA
0.8919

55 HR EMA
0.8921

Trend Hourly Chart
Sideways

Hourly Indicators
Neutral

13 HR RSI
48

14 HR DMI
-ve

Daily Analysis
Consolidation with a neutral bias

Resistance
0.9013 - Jun 16 high
0.8975 - Jun 20 high
0.8959 - Last Mon’s high

Support
0.8899 - Y’day’s low
0.8857 - Jul low (1st)
0.8821 - May 06 low

. USD/CHF - 0.8918… Although the greenback traded sideways in Asia y’day n edged up to session high at 0.8932 at European open, price fell sharply to an intra-day low at 0.8899 on euro’s brief rally. However, dlr pared its losses n recovered to 0.8926 in NY session b4 stabilising.

. Looking at the hourly n daily charts, although y’day’s retreat to 0.8899 suggests choppy trading below last Mon’s high at 0.8959 has ended there n marginal weakness fm here can’t be ruled out, as the early strg rebound fm Jul’s low at 0.8857 signals the pullback fm Jun’s 3-1/2 month peak at 0.9037 has possibly ended there, upside bias remains for a re-test of 0.8959. Abv wud add credence to this view n extend gain twds 0.8975 (Jun 20 peak) later this week, however, res 0.9013 (Jun 16 top) shud limit upside. On the downside, only below 0.8857 wud signal the decline fm 0.9037 has resumed instead n yield stronger retrace. of rise fm Mar’s 0.8698 trough twds 0.8821 (May 06 low).

. Today, in view of abv analysis, we are trading dlr on both sides of the market n will sell on intra-day recovery for one more fall or buy the greenback on next decline in an anticipation of subsequent rebound.

WEEKLY USD/CHF TECHNICAL OUTLOOK

Last Update At 20 Jul 2014 23:45GMT

Trend Daily Chart
Sideways

Daily Indicators
Rising

21 HR EMA
0.8981

55 HR EMA
0.8976

Trend Hourly Chart
Up

Hourly Indicators
Bearish divergences

13 HR RSI
49

14 HR DMI
+ve

Daily Analysis
Consolidation with upside bias

Resistance
0.9082 - Feb 03 high
0.9037 - Jun 05 3-1/2 month high
0.9004 - Last Fri’s high

Support
0.8967 - Last Thur’s low
0.8959 - Jul 10 high
0.8899 - Last Mon’s low

. USD/CHF - 0.8980… Despite dlr’s brief retreat to last week’s low of 0.8899 on Mon, renewed buying quickly emerged n lifted the pair, price then climbed to 0.8989 on Wed n later to a 1-month high of 0.9004 b4 easing in NY afternoon.

. Let’s look at bigger picture 1st, dlr’s strg rise fm Jul’s 0.8857 low n breach of 0.8859 res (now sup) to 0.9004 confirms the early correction fm Jun’s 3-1/2 month peak at 0.9037 has ended there n consolidation with upside bias remains for re-test of said res, abv wud extend MT the 3-legged rise fm Mar’s 2-1/2 year trough at 0.8698 to next chart obj. at 0.9082. Having said that, as daily technical indicators wud display prominent ‘bearish divergences’ on such move, risk has increased for a major correction to take place later this month or in early Aug. On the downside, only below 0.8924/38 (prev. res) wud signal top is made n may risk possible weakness twd 0.8899.

. Today, although Fri’s retreat fm 0.9004 suggests initial sideways move is in store, as long as 0.8963/67 sup area holds, marginal gain is likely but as hourly oscillators’ readings have displayed ‘bearish divergences’, reckon 0.9037 shwud cap upside. Below 0.8938 aborts bullishness on dlr, risks 0.8900/10.

WEEKLY USD/CHF TECHNICAL OUTLOOK

Last Update At 27 Jul 2014 23:30GMT

Trend Daily Chart
Sideways

Daily Indicators
Rising

21 HR EMA
0.9041

55 HR EMA
0.9031

Trend Hourly Chart
Up

Hourly Indicators
Bearish divergences

13 HR RSI
66

14 HR DMI
+ve

Daily Analysis
Consolidation b4 upmove resumes

Resistance
0.9157 - Jan 21 high
0.9082 - Feb 03 high
0.9052 - Lst Fri’s 5-1/2 mth high

Support
0.9038 - Last Thur’s high
0.9008 - Last Thur’s low
0.8972 - Mon’s low

. USD/CHF - 0.9048… The pair moved in exact opposite direction to eur/usd last week. Price met renewed buying at 0.8972 on Mon n rallied to a 5-1/2 month peak of 0.9038 Thur. Despite a brief pullback to 0.9008, the pair later climbed to 0.9052 due to usd’s broad-based strength in NY session on Fri.

. Let’s look at the bigger picture 1st, dlr’s break of Jun’s 0.9037 high to 0.9052 Fri confirms the 3-legged MT upmove fm 2014 near 2-1/2 year bottom at 0.8698 (Mar) has resumed. As long as 0.9004/08 holds, aforesaid rise shud head to next daily obj. at 0.9082 (Feb’s top), abv wud bode well for dlr to extend twd 2014 peak at 0.9156 (Jan high). Having said that, as the daily oscillators’ readings wud be in o/bot territory on such move, upside wud be ltd to 0.9196, this is equality proj. of 0.8698-0.9037 measured fm 0.8857 n chart res at 0.9251 (Nov 2013 top) shud remain intact. On the downside, only a daily close below 0.8972 (last week’s low) signals dlr’s uptrend fm 0.8698 has made a temp. top.

. Today, as current price is trading abv 21-hr n 55-hr emas, buying on dips is favoured but ‘bearish divergences’ on the hourly indicators shud cap price at 0.9100/03 n risk has increased for a minor correction to take place later.

Hi
Great analysis and recommendations.
Cheers

[B]DAILY USD/CHF TECHNICAL OUTLOOK[/B]

Last Update At [B]01 Aug 2014[/B] [I]00:15GMT[/I]

[B]Trend Daily Chart [/B]
Sideways

[B]Daily Indicators[/B]
Rising

[B]21 HR EMA [/B]
0.9088

[B]55 HR EMA[/B]
0.9081

[B]Trend Hourly Chart[/B]
Up

[B]Hourly Indicators [/B]
Turning down

[B]13 HR RSI [/B]
52

[B]14 HR DMI[/B]
-ve

[B]Daily Analysis[/B]
Consolidation b4 uptrend resumes

[B]Resistance [/B]
0.9194 - eq. proj. of 0.8698-0.9037 fm 0.8857
0.9157 - Jan 21 high
0.9110 - Wed’s 6-month high

[B]Support[/B]
0.9035 - Mon’s low
0.9008 - Last Thur’s low
0.8972 - Last Mon’s low

. [B] USD/CHF -[/B] 0.9088… Although dlr traded narrowly in tandem with eur/usd in Asia y’day n briefly edged lower to 0.9078 in European morning, the pair pared intra-day losses n rose to session high at 0.9103 at NY open. However, offers below 0.9110 top pressured price lower n dlr fell to 0.9076 in NY morning.

. The outlook remains similar to prev’s update, where dlr’s rally to a fresh 6-month high at 0.9110 on Wed confirms the 3-legged upmove fm Mar’s 2-1/2 year trough at 0.8698 wud resume after consolidation b4 extending gain twds 2014 top at 0.9157 (Jan 21), abv wud yield marginal headway, however, as ‘bearish divergences’ on the hourly indicators wud appear on such a move, strg gain abv there is unlikely to be seen n reckon 0.9194 (equality proj. of 0.8698-0.9037 measured fm 0.8857) shud remain intact this week n bring a much-needed correction next week. On the downside, only below last Thur’s low at 0.9008 wud confirm a temporary top has been made n risk stronger retracement twd 0.8972 (last Mon’s low) in the early part of Aug.

. Today, we are holding a long position entered on Wed for gain to 0.9150 n only below Mon’s 0.9035 wud risk stronger retracement twd 0.9008.

DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 27 Aug 2014 00:08GMT

Trend Daily Chart
Up

Daily Indicators
Rising

21 HR EMA
0.9166

55 HR EMA
0.9155

Trend Hourly Chart
Up

Hourly Indicators
Bearish divergences

13 HR RSI
65

14 HR DMI
+ve

Daily Analysis
Marginal rise b4 retreat

Resistance
0.9251 - Nov 07 (2013)
0.9202 - 80.9% proj. of 0.9024-0.9146 fm 0.9104
0.9181 - Y’day’s 9-month high

Support
0.9138 - Y’day’s low
0.9104 - Last Fri’s low
0.9088 - Last Wed’s low

. USD/CHF - 0.9178.… Despite initial dlr’s decline fm 0.9164 (Asia) to
0.9138 at European open due to intra-day rebound in eur/usd, renewed weakness in
euro plus rebound in eur/chf cross helped the pair ratchet higher, dlr later
climbed one tick abv Mon top to a fresh 9-month high of 0.9181 in NY.

. Let’s look at the daily picture 1st, y’day’s rise to 0.9181 confirms the
3-legged MT upmove fm Mar’s near 2-1/2 year bottom at 0.8698 has once again
resumed n further headway to 0.9200/02 (psychological lvl n 80.9% projection of
0.9024-0.9146 measured fm 0.9104 respectively) is seen. Abv said upside targets
wud extend marginally, however, anticipated ‘bearish divergences’ on the hourly
indicators wud prevent strg gain n reckon price wud hold well below daily res at
0.9251 (Nov '13) n yield a much-needed correction later this week. On the down-
side, only below 0.9104 wud indicate a temporary top has been made n risk stron-
ger retracement twd 0.9058 (last Wed’s low), then twds 0.9024 (Aug 15 bottom).

. Today, in view of abv analysis, one can buy dlr on dips for marginal
gain after consolidation or sell on next intra-day upmove in expectation of a
minor correction to take place. Below 0.9138 signals temp. top made, 0.9104/07.

DAILY USD/CHF TECHNICAL OUTLOOK
Last Update At 01 Sep 2014 23:58GMT

Trend Daily Chart
Up

Daily Indicators
Rising

21 HR EMA
0.9191

55 HR EMA
0.9179

Trend Hourly Chart
Up

Hourly Indicators
Bearish divergences

13 HR RSI
61

14 HR DMI
+ve

Daily Analysis

Consolidation b4 one more rise

Resistance
0.9298 - Sep 19 high (2013)
0.9251 - Nov 07 high (2013)
0.9198 - Last Fri’s n Mon’s fresh 9-mth high

Support
0.9163 - Last Fri’s Euroepan morning high (now sup)
0.9126 - last Thur’s low
0.9104 - Aug 22 low

. USD/CHF - 0.9194… Although the greenback opened higher n resumed its recent winning streak to a fresh 9-month high at 0.9198 in NZ, price retreated to 0.9177 in European morning on rebound in eur/usd. However, dlr found renewed buying in European session n climbed back to 0.9198 near Mon’s closing.

. Looking at the hourly n daily charts, y’day’s gain to 0.9198 signals the 3-legged rise fm Mar’s 2-1/2 year trough at 0.8698 remains in progress n further gain twd daily res at 0.9251 (Nov '13) wud be seen this week, abv wud extend marginally, however, anticipated ‘bearish divergences’ on the hourly oscillators wud prevent strg gain abv there n reckon res 0.9898/00 (Sep 19 high n psychological lvl respectively.) shud remain intact this week n risk wud increase for a much-needed correction later. On the downside, only a daily close below sup at 0.9104 (Aug 22 trough) wud indicate a temporary top has been made n risk stronger correction twd chart sup at 0.9058.

. Today, in view of abv analysis, we are buying dlr on intra-day pullback for gain to 0.9215/20 n only below last Thur’s low at 0.9126 wud abort daily bullishness n risk retracement twd 0.9104.

WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 22 Sep 2014 00:04GMT

Trend Daily Chart
Up

Daily Indicators
Rising

21 HR EMA
0.9393

55 HR EMA
0.9378

Trend Hourly Chart
Up

Hourly Indicators
Rising

13 HR RSI
60

14 HR DMI
+ve

Daily Analysis
Consolidation b4 one more rise

Resistance
0.9485 - 61.8% r of 0.9972-0.8698
0.9455 - 2013 Sep high
0.9433 - Last Thur’s high

Support
0.9370 - Last fri’s NY low
0.9332 - Last Thur’s low
0.9301 - Last Tue’s low

. USD/CHF - 0.9402… Dlr swung wildly last week. Despite ratcheting lower at the start of last week to 0.9301 on Tue, price jumped on Wed after FOMC n climbed to 0.9433 on Thur in Australia but fell to 0.8332 after SNB kept policy unchanged. Fri’s sell off in eur/usd lifted the pair to 0.9411 near NY close.

. Let’s look at the bigger picture 1st, despite a brief pullback fm last Thur’s fresh 1-year peak of 0.9433, Fri’s rebound signals correction is over n the MT 3-legged rise fm 2014 near 2-1/2 year trough at 0.8698 (Mar) to retrace LT decline fm 0.9972 (2012 high in Jul) wud head to ‘dynamic’ res at 0.9485, being 61.8% r of aforesaid fall, however, as hourly indicators wud display ‘bearish divergences’ on such a move, reckon 0.9599 (this is 70.7% r fm 0.9972) wud cap upside this week. On the downside, only a daily close below 0.9301 (last week’s low on Tue) wud confirm temporary top is in place n risk stronger correct ion twd 0.9213 ( ‘minimum’ 38.2% r of 0.8857-0.9433).

. Today, as current price is trading abv the 21-hr & 55-hr emas, buying dlr on dips for resumption of uptrend is favoured n only below 0.9332 ‘prolongs’ choppy consolidation below 0.9433 n risks weakness to 0.9301, then 0.9287.

[B]WEEKLY USD/CHF TECHNICAL OUTLOOK[/B]
Last Update At [B]29 Sep 2014[/B] [I]00:12GMT[/I]

[B]Trend Daily Chart[/B]
Up

[B]Daily Indicators[/B]
Rising

[B]21 HR EMA[/B]
0.9503

[B]55 HR EMA[/B]
0.9479

[B]Trend Hourly Chart[/B]
Up

[B]Hourly Indicators[/B]
Bearish divergences

[B]13 HR RSI[/B]
70

[B]14 HR DMI[/B]
+ve

[B]Daily Analysis[/B]
Resumption of MT uptrend

[B]Resistance[/B]
0.9620 - 100% proj. fo 0.9353-0.9515 fm 0.457
0.9599 - 70.7% r of 0.9972-0.8698
0.9567 - Mar 2013 top

[B]Support[/B]
0.9484 - Last Fri’s European high (now sup)
0.9457 - Last Thur’s NY low
0.9433 - Sep 167 high (now sup)

. [B] USD/CHF[/B] - 0.9517… Dlr continued its recent winning streak last week after meeting renewed buying at 0.8353 on Tue, price climbed to a fresh 1-year peak of 0.9522 in Fri’s NY session due to broad-based rally in the dlr.

. Looking at the bigger picture 1st, dlr’s aforesaid gain to 0.9522 Fri confirms the 3-legged rise fm Mar’s 2-1/2 year trough at 0.8698 to at least retracing MT fall fm 0.9972 (2012 peak) remains in progress n gain to 0.9599 is now envisaged, being 70.7% r of this move, however, as hourly indicators have displayed ‘bearish divergences’, reckon 0.9620 (equality measurement of 0.9353-0.9515 measured fm 0.9457) wud cap upside ahead of Fri’s important U.S. payrolls report n yield a minor correction. Therefore, whilst buying on dips is the way to go, profit shud be taken on next upmove. On the downside, a daily close below 0.9457 wud be the 1st signal temporary top is in place n risk stronger retracement to 0.9389 but sup at 0.9332 shud remain intact.

. Today, as current price is trading abv the 21-hr & 55-hr emas, buying dlr on dips is recommended, however, reckon 0.9599 wud cap upside. Below 0.8457 wud abort present bullish scenario n risk retracement to 0.9433, 0.9407/10.

WEEKLY USD/CHF TECHNICAL OUTLOOK
Last Update At 06 Oct 2014 00:07GMT

Trend Daily Chart
Up

Daily Indicators
Overbought

21 HR EMA
0.9623

55 HR EMA
0.9585

Trend Hourly Chart
Up

Hourly Indicators
Overbought

13 HR RSI
85

14 HR DMI
+ve

Daily Analysis
Resumption of MT uptrend

Resistance
0.9814 - 100% proj. of 0.9301-0.9597 fm 0.9518
0.9745 - 2.618 times ext. of 0.8698-0.9037 fm 0.8857
0.9701 - 61.8% proj. of 0.9301-0.9597 fm 0.9518

Support
0.9637 - Hourly chart
0.9597 - Last Tue’s high (now sup)
0.9581 - Last Thur’s johj ( now sup)

. USD/CHF - 0.9676… Although dlr resumed its recent uptrend to a fresh 1-year high of 0.9597 last Tue, broad-based profit taking in the greenback pushed back down to 0.9518 Thur b4 rallying again to fresh 2014 peak of 0.9684 on Fri due to robust U.S. jobs data together wuth buying in eur/chf cross.

. Fri’s gain to 0.9684 confirms the 3-legged MT upmove fm Mar’s 2-1/2 year trough at 0.8698 remains in progress. Looking at the bigger picture, dlr’s said strg rise fm 0.8698 confirms correction fm 2012 peak at 0.9972 has ended n dlr is en route twd there later this month. Current rising daily technical indicators suggest gain to 0.9745 wud be seen next, this is 2.618 times extension of intermediate rise fm 0.8698-0.9037 measured fm 0.8857, o/bot readings on the daily oscillators wud prevent strg gain n reckon pivotal res at 0.9839 (2013 top in May)) wud hold on 1st testing. Therefore, buying dlr on dips is the way to go n only a daily close below 0.9489 wud signal temporary top is in place.

. Today, dlr briefly climbed to 0.9690 in NZ but has retreated. As current price is trading abv the 21-hr & 55-hr emas, buying on dips is favoured but upside is ltd to 0.9745. Below 0.9597 wud be the 1st signal a minor top is made.