Oct 03, 2022

VOT Research Desk

Analytical Viewpoint USD/CHF

Daily Pivots: (S1) 0.9779; (P) 0.9828; (R1) 0.9918; 

 The USD/CHF intraday bias is still neutral, and the forecast is unaltered. On the plus side, the rally from 0.9369 to the previous high of 1.0063 will resume above 0.9964.

The corrective pattern from 1.0063 will continue on the downside with another falling leg, first heading towards 0.9478 supports, if 0.9694 supports is broken. In the big picture, the current development indicates that the upward trend from the low of 0.8756 in 2021 is still ongoing.

Targets for a sustained breach of 1.0063 are 1.0342 and the 100% prediction of 0.9149 to 1.0063 from 0.9369 at 1.0283. (2016 high).

As long as the 0.9369 support holds, this will continue to be the preferred scenario even in the event of a significant pullback.

Sep 30, 2022

VOT Research Desk

Analytical Viewpoint USD/CHF

Daily Pivots: (S1) 0.9717; (P) 0.9786; (R1) 0.9823;

In spite of continuing corrective trading from 0.9964, the intraday bias for USD/CHF remains neutral.

On the plus side, the recovery from 0.9369 to the previous high of 1.0063 will resume above 0.9964. The corrective pattern from 1.0063 will continue on the downside with another falling leg, first heading towards 0.9478 supports, if 0.9694 supports are broken.

In the big picture, the present development indicates that the upward trend from the low of 0.8756 in 2021 is still ongoing.

Targets for a sustained breach of 1.0063 are 1.0342 and the 100% prediction of 0.9149 to 1.0063 from 0.9369 at 1.0283. (2016 high)

As long as the 0.9369 support holds, this will continue to be the preferred scenario even in the event of a significant pullback.

Sep 29 2022, 02:00 GMT

VOT Research Desk

Analytical Viewpoint USD/CHF

Daily Pivots: (S1) 0.9682; (P) 0.9824; (R1) 0.9902;  

The intraday bias for USD/CHF is neutral as it continues to consolidate below 0.9964. On the plus side, the recovery from 0.9369 to the previous high of 1.0063 will resume above 0.9964.

The corrective pattern from 1.0063 will continue on the downward with another falling leg if the 0.9694 support level is broken.

In the big picture, the present development indicates that the upward trend from the low of 0.8756 in 2021 is still ongoing.

Targets for a sustained breach of 1.0063 are 1.0342 and the 100% prediction of 0.9149 to 1.0063 from 0.9369 at 1.0283. (2016 high). As long as the 0.9369 support holds, this will continue to be the preferred scenario even in the event of a significant pullback.

Sep 23, 2022, 8:10PM+7:00

VOT Research Desk

Analytical Viewpoint USD/CHF

Daily Pivots: (S1) 0.9646; (P) 0.9748; (R1) 0.9875; 

The prognosis for USD/CHF remains unchanged, and the intraday tendency is still slightly upward. If 0.9868 resistances are decisively broken, it will be argued that the wider uptrend is poised to restart through 1.0063.

Overall, the trend of correction from the high of 1.0063 may yet be extended.

The bias will go back to the downside for 0.9478 and below if 0.9619 minor supports is broken.

In the big picture, the present development indicates that the upward trend from the low of 0.8756 in 2021 is still ongoing. Targets for a sustained breach of 1.0063 are 1.0342 and the 100% prediction of 0.9149 to 1.0063 from 0.9369 at 1.0283. (2016 high).

 As long as the 0.9369 support holds, this will continue to be the preferred scenario even in the event of a significant pullback.