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    Technical analysis of USD/CHF for July 14, 2015

    USDCHFH4.png

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    Overview:

    • According to the previous events, the USD/CHF pair has still trapped between 0.9542 and 0.9365 in the H4 chart.
    • Also, it should be noted that the double top will be set at 0.9542.
    • Strong resistance will be formed at the level of 0.9540 providing a clear signal for sell deals with targets at 0.9440 and 0.9370.
    • Stop-loss is to be placed above the double top at 0.9542.
    • Strong support will be formed at the level of 0.9365 providing a clear signal for buy deals with a target at 0.9530.
  • Also, it should be noted that the double top will be set at 0.9542.
  • Strong resistance will be formed at the level of 0.9540 providing a clear signal for sell deals with targets at 0.9440 and 0.9370.
  • Stop-loss is to be placed above the double top at 0.9542.
  • Strong support will be formed at the level of 0.9365 providing a clear signal for buy deals with a target at 0.9530.
  • Observations:

    • We expect a range about at least 87 pips in coming day.
    • The risk of 58 pips must make a profit of 87 pips.
    • The value of 61.8% Fibonacci retracement levels is 0.9365.
    • The level of 0.9365 will confirm the bullish market.
    • Volatility is 112.84. As a rule, the market is highly volatile if the last day had a huge volatility.
    • The trend is still clling for strong bullish market from the area of 0.9365.
  • The risk of 58 pips must make a profit of 87 pips.
  • The value of 61.8% Fibonacci retracement levels is 0.9365.
  • The level of 0.9365 will confirm the bullish market.
  • Volatility is 112.84. As a rule, the market is highly volatile if the last day had a huge volatility.
  • The trend is still clling for strong bullish market from the area of 0.9365.

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