20.07.201513:17 Forex Analysis & Reviews: Technical analysis of USD/CHF for July 20, 2015

Long-term review

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Review:

The first resistance of USD/CHF pair is projected at the level of 0.9666 today.
The second resistance has already set at 0.9720. On the other hand, the supports is found at the levels of 0.9493 and 0.9542.
The area of 0.9493 / 0.9542 is a useful spot to buy in the long term this week with targets at 0.9666 and 0.9720.
We expect a range of 298 pips this week.
99 pips would make a profit of 298 pips.
The value of 100% Fibonacci retracement levels is: 0.9542 (the double top).
Volatility: 298.57. As a rule, the market is highly volatile if the last day had a huge volatility.
The USD/CHF pair pair will probably go up because the upward trend is still strong for that we expect that the trend for bullish market.

Weekly technical levels:

Date: 20/07/2015

Pair: USD/CHF

Resistance 2: 0.9720
Resistance 1: 0.9666
Pivot point: 0.9602
Support 1: 0.9542
Support 2: 0.9493
It should be noted that if there is no significant news to influence, the price will be moving from the pivot point to resistance 1 or support 1. Otherwise, the price may go straight through resistance 1 or support 1 and reaches resistance 2 or support 2 and even resistance 3 or support 3.

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