Long-term review
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Forecast in the long term:
- According to the previous events, the USD/CHF pair has still been trapped between 0.9450 and 0.9305.
- Also, it should be noted that the double top will bet set at the price of 0.9455.
- Strong resistance will be formed at the level of 0.9450 providing a clear signal for sell deals with the targets seen at 0.9366 nad 0.9300.
- Stop-loss is to be placed above 0.9483.
- Strong support will be formed at the level of 0.9293 providing a clear signal for buy deals with the target seen at the 0.9450 level.
- Stop-loss is to be placed below 0.9263.
Notes:
- We expect a range about 54 pips today.
- The risk of 54 pips must make a profit of 81 pips.
- The value of 78.6% Fibonacci retracement levels is 0.9293.
- The level of 0.9293 will confirm the bullish market.
- Volatility on September 9, 2014 is 73.27. As a rule, the market is highly volatile if the last day had a huge volatility.
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