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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/CHF Trading Recommendations for 29th July 2016

We are seeing fractal support at 0.7350 (strong graphical support + fibonacci retracement + fibonacci projection) and it lines up well with the bounce we're seeing on our stochastics. This gives us a good conviction of price making a rise to 0.7430. We keep a tight stop loss of 0.7300 so we don't risk too much in case price moves against us.

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Trading Recommendations :

Buy now and above 0.7350

Take profit at 0.7430

Stop loss at 0.7300

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