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.
Trading recommendations:
- According to the previous events, the USD/CHF pair has still been moving between 0.8803 and 0.8893. It should be noted that the key level is set at the level of 0.8803 because is representing a strong support and it is coinciding with the weekly pivot point. Equally important, the double top will be formed at the 0.8868 level but it seems the price is going to break this level in order to continue towards the level of 0.8893. As it is know, history will probably repeat itself at this level again. Therefore, it will a good sign to sell below 0.8900 with the first target of 0.8855. It will call for downtrend in order to continue its bearish movement towards 0.8803. On the other hand, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above 0.8900 at the price of 0.8925.
Intraday technical levels:
Date & Time: 26/03/2014 10:45
Pair: USD/CHF
- Projected high: 0.9009
- Breakout (buy stop): 0.8954
- Strong resistance (sell limit): 0.8924
- Current pivot: 0.8831 (but the weekly pivot point is going to set at the price of 0.8803).
- Strong support (buy limit): 0.8738
- Breakout (sell stop): 0.8713
- Projected low: 0.8663
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.
Stay 
