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    Technical analysis of USD/CHF for July 20, 2015


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    Review:

    • The first resistance of USD/CHF pair is projected at the level of 0.9666 today.
    • The second resistance has already set at 0.9720. On the other hand, the supports is found at the levels of 0.9493 and 0.9542.
    • The area of 0.9493 / 0.9542 is a useful spot to buy in the long term this week with targets at 0.9666 and 0.9720.
    • We expect a range of 298 pips this week.
    • 99 pips would make a profit of 298 pips.
    • The value of 100% Fibonacci retracement levels is: 0.9542 (the double top).
    • Volatility: 298.57. As a rule, the market is highly volatile if the last day had a huge volatility.
    • The USD/CHF pair pair will probably go up because the upward trend is still strong for that we expect that the trend for bullish market.
  • The second resistance has already set at 0.9720. On the other hand, the supports is found at the levels of 0.9493 and 0.9542.
  • The area of 0.9493 / 0.9542 is a useful spot to buy in the long term this week with targets at 0.9666 and 0.9720.
  • We expect a range of 298 pips this week.
  • 99 pips would make a profit of 298 pips.
  • The value of 100% Fibonacci retracement levels is: 0.9542 (the double top).
  • Volatility: 298.57. As a rule, the market is highly volatile if the last day had a huge volatility.
  • The USD/CHF pair pair will probably go up because the upward trend is still strong for that we expect that the trend for bullish market.
  • Weekly technical levels:

    Date: 20/07/2015

    Pair: USD/CHF

    • Resistance 2: 0.9720
    • Resistance 1: 0.9666
    • Pivot point: 0.9602
    • Support 1: 0.9542
    • Support 2: 0.9493
    • It should be noted that if there is no significant news to influence, the price will be moving from the pivot point to resistance 1 or support 1. Otherwise, the price may go straight through resistance 1 or support 1 and reaches resistance 2 or support 2 and even resistance 3 or support 3.
  • Resistance 1: 0.9666
  • Pivot point: 0.9602
  • Support 1: 0.9542
  • Support 2: 0.9493
  • It should be noted that if there is no significant news to influence, the price will be moving from the pivot point to resistance 1 or support 1. Otherwise, the price may go straight through resistance 1 or support 1 and reaches resistance 2 or support 2 and even resistance 3 or support 3.

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