For Traders

Analytical Reviews

Technical analysis

24.04.201810:39 Forex Analysis & Reviews: Daily analysis of USD/CHF for April 24, 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.

USD/CHF

The USD/CHF went seriously upwards on Monday. The Bullish Confirmation Pattern in this market was brought about by the strength in Greenback. Since testing the support level at 0.9200 on February 16, the price has gained 550 pips (gaining 250 pips in this month alone), and it's now very close to the resistance level at 0.9800.

The bias in the market is bullish, both in the long-term and in the near-term. Further upwards movement is anticipated, which would bring the price towards the resistance levels at 0.9800, 0.9850, and 0.9900.

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.