For Traders

Analytical Reviews

Technical analysis

26.04.201814:46 Forex Analysis & Reviews: Technical analysis of USD/CHF for April 26, 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 is still trading on upside and expected to continue the upside movement. The pair stands firmly above its horizontal support at 0.9800, which should limit any downside room. The relative strength index is mixed to bullish above its neutrality area at 50. Last but not least, the process of higher highs and lows remains intact, which should confirm a positive outlook. To conclude, as long as 0.980 is not broken, it's likely to advance to 0.9880 and 0.9915 in extension.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: BUY, stop loss at 0.9800, take profit at 0.9880.

Resistance levels: 0.9880, 0.9915, and 0.9960

Support levels: 0.9770, 0.9745, and 0.9700.

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.