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 faced resistance at the level of 1.0195, while minor resistance is seen at 1.0121. Support is found at the levels of 0.9996 and 0.9898. Yesterday, the USD/CHF pair continued to move upwards from the level of 0.9996. The pair rose from the level of 0.9996 to the top around 1.0121. In consequence, the USD/CHF pair broke resistance, which turned into strong support at the level of 0.9996. Today, the level of 0.9996 is expected to act as major support. Hence, we expect the USD/CHF pair to continue moving in the bullish trend from the support level of 0.9996 towards the target level of 1.0121. If the pair succeeds in passing through the level of 1.0121, the market will indicate the bullish opportunity above the level of 0.9996 in order to reach the second target at 1.0195 to form a new double top in the H4 time frame. Thus, the trend will probably be continue its uptrend today as long as the level of 0.9996 is not breached. On the other hand, if the NZD/USD pair fails to break through the resistance level of 1.0195 today, the market will decline further to 0.9898 later.
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 
