Daily analysis of USD/CHF for March 9, 2018


This trading instrument has been going upwards, and
it has exceeded the initial short-term targets. Price is now above the support
level at 0.9500, going towards the resistance level at 0.9550. There are other
targets at the resistance levels at 0.9600 and 0.9650, which could be reached
within today and next week.

The EMA 11 is above the EMA 56, and the Williams’ %
Range period 20 is in the overbought region. There is a Bullish Confirmation
Pattern on the 4-hour chart, and that points to further bullishness in the

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