MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of GBP/CHF for March 13, 2015


Technical outlook and chart setups:


The GBP/CHF pair has hit fresh high at the level of 1.5200 yesterday before pulling back sharply. As seen here on the the 4H chart, the pair is bouncing off intermediary support trend line passing through the 1.4900/25 level at the moment. A bullish bounce here could attempt to push prices beyond the 1.5200 level and hence it is recommended to initiate 50% long positions with risk around 1.4750. Immediate support is seen at 1.4760 followed by 1.4650, 1.4600, and lower, while resistance is seen at 1.5200 (interim) followed by 1.5500 respectively.


Trading recommendations:


Initiate 50% long positions here, stop at 1.4750, target above 1.5200.


Good luck!




The material has been provided by InstaForex Company - www.instaforex.com