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:
- According to the previous events, we expect a range about 86 pips in coming hours. The USD/CHF pair is still moving between 0.9560 and 0.9646. So, a breakout is seen in a ratio of 61.8% Fibonacci retracement level (0.9527: the double bottom in the daily chart). But the key level is set at 0.9579 because it represents strong support and coincides with the 78.6% Fibonacci retracement level. As it is known, history will probably repeat itself at this level again. Therefore, it will be a good sign to buy above 0.9527/0.9579 with the first target at 0.9648 in order to test the double top. If the market managese to break the double top at 0.9648, it will call for an uptrend with a view to continue its bullish movement towards 0.9683 to form a new double top. On the other hand, the stop loss should never exceed your maximum exposure amounts. Consequently, the stop loss should be placed below the double bottom at the level of 0.9502.
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 
