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Technical analysis of USD/CHF for September 9, 2014

usdchfdaily.png

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.


The material has been provided by InstaForex Company - www.instaforex.com