Forecast in the long term :
- According to previous events, the USD/CHF pair has still been trapped between 0.8900 and 0.8873.
- Strong resistance will be formed at the level of 0.8900 providing a clear signal for sell deals with the targets seen at 0.8875 nad 0.8834.
- Stop-loss is to be placed above 0.8935.
- Strong support will be formed at the level of 0.8830 providing a clear signal for buy deals with the target seen at the 0.8895 level.
- Stop-loss is to be placed below 0.8810.
Warnings :
- Stop loss should never exceed your maximum exposure amounts.
- As a rule, the market is highly volatile if the previous day had huge volatility,
Intraday technical levels :
Date and Time: 6/03/2014 11:23
Pair: USD/CHF
- R3: 0.8907
- R2: 0.8896
- R1: 0.8882
- PP: 0.8871
- S1: 0.8857
- S2: 0.8846
- S3: 0.8832
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 6, 2014 . Thanks for your support on Technical analysis of USD/CHF for March 6, 2014
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