Usd/Chf

[Gamabunta]

Settle trades dollar versus the franc above the level of 0.9275, and shows the price some upside bias slightly to near 50 SMA which is a strong resistance now barrier at 0.9350, and requires price to remain below that level through the remainder opportunities list for the resumption of the downward trend again, where he completed price formation pre double top model with the breach of 0.9275, and the need for price trading below this level for the re-activation of the negative impact of this form.

[selametdwi1]

USD/CHF. Bias is slightly bearish, but price still moving sideways on trading range around 0.9250 - 0.9310 area. Break below 0.9250 area is needed to trigger further bearish momentum targeting 0.9190 area before testing 0.9070 region in medium term. However, break above 0.9300 area should add some bullish pressure testing 0.9360 and 0.9430 region.

[Gamabunta]

SMA 50 supports the proposed decrease, and the break of 0.9275 is needed to strengthen the negative expectations, which begins its main objectives at 0.9000, taking into account that the breach of 0.9375 and stability above it will stop the expected bearish trend scenario and lead the price to visit the 0.9700 areas mainly.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: Correction on the Fibonacci 61.8 has been completed. And trendline still indicates the market will bottom towards the Fibonacci 161.8 at 121.22. Stochastic is also still leads down
Recommendation: Sell

[Gamabunta]

The pair is fluctuating against the franc on the descending channel shown in the image resistance level, noting that the stochastic is showing negative signs are clear on the time frame for four hours, which supports the chances of resuming the proposed bearishness yesterday, and which depends on the completion of a double top model.

[selametdwi1]

USD/CHF. There is no change in our technical outlook, bias remains neutral in nearest term, to stay on potential trading range around 0.9250 - 0.9360 area. Break above 0.9360 area should open a door to test 0.9430 region. While break below 0.9250 area should push the price lower targeting at least 0.9190 region. However, on the bigger picture, we still prefer bearish outlook as long as price stay below 0.9410 region.

[Gamabunta]

SMA 50 supports the expected decline in the coming sessions, which will remain valid and effective unless the breach of 0.9375 and stability above it.

[Gamabunta]

Bounced trading dollar versus the franc down significantly yesterday to move the price below the descending channel resistance of a new level, on the other hand, complete the price formation of a double top shows the image above, the neckline of this pattern resides at 0.9275 model, and therefore, the price is under pressure Visit negative targeting mainly 0.9000 areas.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: If the Fibonacci 261.8 breached, then the market will be heading to 0.9100 on the Fibonacci 423.6. But if it is not broken, then the market will retest to 0.9427
Recommendation: Sell

[selametdwi1]

USD/CHF. Bias is still neutral in nearest term, to stay on potential trading range around 0.9250 - 0.9360 area. Break above 0.9360 area should open a door to test 0.9430 region. While break below 0.9250 area should push the price lower targeting at least 0.9190 region. However, on the bigger picture, we still prefer bearish outlook as long as price stay below 0.9410 region.