For Traders

Analytical Reviews

Technical analysis

06.06.201822:41 Forex Analysis & Reviews: Trading recommendations for the USD / CHF currency pair as of June 6, 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.

The USD / CHF currency pair is currently in the correction phase after it has reached the resistance level range of 1.0050 / 1.0100. Considering the current picture, we can say that the "bears" have already received more than 200 points of the return stroke, reaching the level of 0.9850, which at the same time reflects to us the interlacing with the "Fibo" value of 23.6. It is possible to assume that the concentration near the value of 0.9850 will continue, pouring out a temporary stagnation within 0.9820 / 0.9890, where traders will be able to place orders.

Trading Opportunities

- The position on the purchase can be considered after fixing the price above 0.9900, with the prospect of 0.9960 and the possible refill to 1.0050. (value 1.0050 is considered only after fixing above 0.9985)

- Positions for sale can be considered after fixing the price below 0.9820, with the prospect of 0.9770 / 0.9730.

Key Levels

Resistance zones: 0.9960 *; 1.0050 **

Support zones: 0.9850; 0.9770 *

* Periodic level

** Range level

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.