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 December 28, 2015

Technical outlook and chart setups:

The GBP/CHF pair has been recently consolidating around the levels of 1.4700/30 after dropping to 1.4600. The pair has breached its support trend line by a small margin, but still holds support at 1.4550. If the drop from 1.5570 acts as an impulse, a counter-trend rally would push prices higher towards at least 1.5200 in the nearest term. It is recommended to initiate 50% long positions with risk at 1.4600. Immediate support is seen at 1.4550, while resistance is seen at 1.5000 followed by 1.5200 and higher.

Trading recommendations:

Initiate 50% long positions with stop at 1.4600, a target is open.

Good luck!

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