Trading recommendations :
- According to the previous events, the USD/CHF pair has still been moving between 0.8803 and 0.8893. It should be noted that the key level is set at the level of 0.8803 because is representing a strong support and it is coinciding with the weekly pivot point. Equally important, the double top will be formed at the 0.8868 level but it seems the price is going to break this level in order to continue towards the level of 0.8893. As it is know, history will probably repeat itself at this level again. Therefore, it will a good sign to sell below 0.8900 with the first target of 0.8855. It will call for downtrend in order to continue its bearish movement towards 0.8803. On the other hand, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed above 0.8900 at the price of 0.8925.
Intraday technical levels :
Date & Time: 26/03/2014 10:45
Pair: USD/CHF
- Projected high: 0.9009
- Breakout (buy stop): 0.8954
- Strong resistance (sell limit): 0.8924
- Current pivot: 0.8831 (but the weekly pivot point is going to set at the price of 0.8803).
- Strong support (buy limit): 0.8738
- Breakout (sell stop): 0.8713
- Projected low: 0.8663
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Technical analysis of USD/CHF for March 26, 2014 . Thanks for your support on Technical analysis of USD/CHF for March 26, 2014
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