02.06.201109:40 Forex Analysis & Reviews: USD/CHF Bullish Outlook June 02, 2011 (Daily Strategy)

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 United States dollar – Swiss Franc pair continues its southward journey as part of a downwards trend that,technically, could present stagnation and change the trend in the short term.

Recommend buy only if the price is above the first weekly support around the 0.8446 level. It is possible to enter a buy deal already at the present price levels, although another wave downwards the important support level at 0.8346 is also likely. Such a move will serve us to increase the buy position with a brief stop loss order set around the 0.8250 level. A partial realization can be carried out next to the nearest 0.8775 resistance weekly pivot level, should the expected upward movement indeed occur.

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.