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 USD/CHF pair will continue rising from the level of 0.9694 in the long term. It should be noted that support is established at the level of 0.9633, which represents the 61.8% Fibonacci retracement level on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, the USD/CHF pair is showing signs of strength following a breakout of the highest level of 0.9694. So, buy above the level of 0.9694 with the first target at 0.9821 in order to test the daily resistance 1 and go further to 0.9917. Also, it might be noted that the level of 0.9917 is a good place to take profit. On the other hand, in case a reversal takes place and the USD/CHF pair breaks through the support level of 0.9633, a further decline to 0.9537 can occur. This would indicate a bearish market.
Intraday technical levels:
- Major resistance:0.9917
- Minor resistance:0.9821
- Intraday pivot point: 0.9633
- Minor support:0.9537
- Major support:0.9444
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 
