Technical analysis of USD/CHF for September 9, 2014 Market Analysis Review

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.

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