Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Overview:
- The trend of USD/CHF pair movement was controversial as it took place in the uptrend channel. Due to the previous events, the price is still between the levels of 0.9978 and 1.0073, so it is recommended to be careful while making deals at these levels because the prices of 0.9978 and 1.0073 are representing the resistance and support respectively in coming hours. Therefore, it is necessary to wait till the uptrend channel is passed through. Then the market will probably show the signs of a bullish market. In other words, buy deals are recommended above the price of 0.9978 with the first target at the level of 1.0073. From this point, the pair is likely to begin an ascending movement to the price of 1.0073 with a view to test the weekly resistance at the price of 1.0092. On the other hand, if the price will be able to break the support at 0.9973, then sell deals are recommended below 0.9973 with the first target seen at the 0.9938 level. After that the pair will go further at 0.9910 level. Additionally, the double bottom is set at 0.9881.
Intraday Technical Levels:
Date:20/01/2016
Pair: USD/CHF
- R3: 1.0151
- R2: 1.0116
- R1: 1.0073
- PP: 1.0038
- S1: 0.9995
- S2: 0.9960
- S3: 0.9917
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Stay 
