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06.03.2014 01:24 PM
Technical analysis of USD/CHF for March 6, 2014
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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
Summary
Urgency
Analytic
Mourad El Keddani
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