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 current pivot point set at 0.9290.
- The USD/CHF pair broke major resistance at the level of 0.9224. New resistance was found at the level of 0.9393 (50% of Fibonacci retracement levels) and now it is approaching it in order to test it. Also, the level of 0.9224 has become strong support on June 23, 2015. So, the USD/CHF pair will be restricted by the levels of 0.9224 and 0.9393; for that we expect a range of 169 pips roughly this week. Therefore, it will probably start upward movement at this area and recover again. Thus, the market will indicate a bullish opportunity at the level of 0.9300 and it is likely to be a good sign to buy at this spot with the first target at 0.9300. It will continue moving towards 0.9393 to make a double top today. Moreover, we look for the weekly target around the strong resistance at 0.9393. At the same time, if a break of 0.9282 happens, it will be a good location a stop loss at the level of 0.9421.
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 
