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 USD/CHF for January 26, 2016

USDCHFM30.png

USD/CHF is expected to trade with a bullish bias above 1.0100. The pair stands firmly above its nearest support of 1.0100, and may challenge its next resistance at 1.0175. The process of reaching higher highs and lows remains intact, which should confirm a positive outlook. Besides, the support found at 1.0100 has raised a possibility of a temporary stabilization. To sum up, any consolidations above 1.0100 should be limited before a further advance to 1.0175 and 1.0215.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 1.0175 and the second target at 1.0215. In the alternative scenario, short positions are recommended with the first target at 1.0065 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 1.0030. The pivot point is at 1.0100.

Resistance levels: 1.0175, 1.0215,1.0245

Support levels: 1.0065,1.0030, 0.9990

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