We continue to be bearish on USD/CHF to 0.9875 to 0.9855.
Bearish pullback expected to channel support or 107.32 support area. Bullish price action at or around this level will confirm our long position to 109.30.
Pullback expected to 0.6318. Bullish price action at this level will confirm our long entry to 0.6361 with an extension to 0.6400.
Bearish pullback is under way to 0.6752 to 0.6744 area. Bullish price action in and around this area of support will confirm our long position up to 0.6837 with an extension to 0.6886. A break below 0.6722 opens up the downside to 0.6605.
Bearish pull back expected to 1.0995. If we support holds and we get bullish price action around this level we will open a long position to 1.1100 with an extension up to 1.1150. A break below 1.0995 opens the door to 1.0898.
Bearish pull back is expected to 1.2390 a break below will open the door to 1.2288. Waiting to confirm bearish price action.
Expected Bearish Price Action to continue on our open pair. Waiting for price action around the 50 ema to confirm our position. A daily close below 50 ema opens the door to 0.9741
Bullish towards 107.624. A confirmed break above opens the door to 109.310. A rejection of 107.624 will open up the downside to 105.64. Our bias is short. Waiting for bearish price action at or around 107.624 to confirm short position.
Bias is currently long on the daily chart. A test of resistance at 1.32886 and 50 ema will confirm our long entry along with bullish price action. A break above 1.3344 brings 1.3400 with an extension up to 1.3550 in to focus. A break below 1.3288 opens the door to 1.3225 on the downside with an extension to 1.3148
Long until we see any signs of rejection at the 50 EMA and or the 0.618 fib level. If we have a break out expect a price extension up to 0.6950 to 0.7000. A break above 0.6837 will open the door to 0.6948. A rejection of this same level will open up the downside to 0.66050 Our bias will remain short once price reaches and rejects 0.6837.
Bullish price action expected with signs of rejection expected at the 50 ema or 0.6371. A break above 50 ema will open the door to 0.64904 with an extension up to 0.65500. A failure will open the door up to to the downside to 0.6150. Our overall bias remains short. Waiting for bearish price action to enter short position.
Waiting to confirm bearish price action to enter short position. A break above 1.23600 opens the door to 1.2528 A rejection of 1.23600 opens the door to the downside to 1.2176 and 1.2082
Bullish price action up to 1.1050 -1.1075. A confirmed break of 1.0995 is needed. A failure to close above will bring a bearish bias change down to 1.07867
We are long to 1.0995 with and extension up to the 1.1050 up to target noted.
We are bullish up to 0.6820. Waiting for bearish price action at or about this level to confirm a larger bearish move down to 0.6648.
We expect a pull back from the current bearish momentum up to 1.2360. We will be looking for bearish price action at this level towards our target at 1.2152. Bullish Price action at this level will confirm our long entry.
Correction is underway on the daily time frame. While we are bullish on our bias we expect bearish pressure before price marches north to the noted target.
Bearish pullback expected to 1.3193. A confirmation of Bullish price action will trigger our long set up to 1.3386.