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.