For Traders

Analytical Reviews

Technical analysis

21.03.201815:07 Forex Analysis & Reviews: Daily analysis of USD/CHF for March 21, 2018

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.

This pair is in the bullish market, which has been going upwards in a slow, steady and gradual manner. Since the support level at 0.9200 was tested on February 16, the price has gained about 350 pips. Now it is slightly below the support level at 0.9550. The price could rise towards the resistance level at 0.9600, and it could even exceed it.

There is a Bullish Confirmation Pattern in the market. The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is very close to the overbought region. It confirms that the bulllish trend prevails. The price would go further upwards even in face of some temporary pullbacks.However, those temporary pullbacks would offer opportunities to join the northwards ride at better prices.

Back to the list

Open trading account

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.