The currency pair Dollar Swiss Franc USD/CHF is trading at the lower boundary of the indicator Bollinger Bands. As you can see from the chart for the first time the pair quotes are testing the lower boundary of the indicator, which indicates the prevalence of a strong upward trend.
Analysis Bollinger Bands indicator USD CHF on September 6, 2016
As part of the trade on Bollinger Bands should not expect a rebound from the support area and the beginning of growth of quotations Bollinger Bands to the level of 0.9880. Cancellation option drop may be dollar growth of quotations Bollinger Bands below 0.9720 area, which indicates the potential change of trend in the pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link