Technical analysis of USD/CHF for May 13, 2014 Trend News

Review :

• It should be noted that if there is no significant news to influence, the market price will be moving from pivot point to resistance 1 or support 1. But if there is, the market price may go straight through resistance 1 or support 1 and reaches resistance 2 or support 2 and even resistance 3 or support 3.


• The first resistance of GBP/USD pair is projected at the level of 0.8921 today.


• The second resistance had already fixed at 0.8982.


• The area of 0.8980 / 0.9820 is a useful spot to sell in the long term this week.


• We expect a range of 63 pips on May 13, 2014. And 63 pips would make a profit of 94 pips.


• The value of 50% Fibonacci retracement levels is:0,8787.


• Volatility:149,38. As a rule, the market is highly volatile if the last day had a huge volatility

Weekly technical levels :

Date:13/05/2014

Pair:USD/CHF

• Resistance 3:0.9091


• Resistance 2:0.8982


• Resistance 1:0.8921


• Pivot point:0.8812


• Support 1:0.8751


• Support 2:0.8642


• Support 3:0.8581

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



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