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.
Overview:
- The price of USD/CHF pair has still been moving between the prices of 0.9455 and 0.9315 but it should be noticed that the price has set below strong resistance at the level of 0.9455 (100% of Fibonacci retracement levels in daily chart). Moreover, it is worthy of note that these levels coincide between 78.6% and 100% of Fibonacci retracement levels and the pair has already formed a strong resistance around the double top. So, now it is approaching it in order to test it. Therefore, the Swissy's downside momentum is rather convincing and the structure of the fall does not look corrective. In order to indicate a bearish opportunity below 0.9455, it will a good idea to sell below 0.9455 with the first target of 0.9366. It will call for a downtrend falling further towards 0.9293 to try to break the price of 0.9366t.
Intraday technical levels:
Date and Time:11/09/2014 12:07
Pair:USD/CHF
- R3: 0.9480
- R2: 0.9438
- R1: 0.9403
- PP: 0.9361
- S1: 0.9326
- S2: 0.9284
- S3: 0.9249
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 
