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 February 22, 2016

Technical outlook and chart setups:

The GBP/CHF pair is seen to be trading at 1.4147/50 levels for now, after testing recent lows at 1.4050 levels. The pair may still remain in control of bulls till it stay broadly above 1.4040 levels. Please note that the pair has been holding fibonacci 0.618 levels intact till now around 1.4040/50 levels as well. It can be considered a test till now and a rally could still unfold, pushing prices higher towards 1.4450 and 1.4560 levels subsequently. It is hence recommended to remain long for now, with risk at 1.4000 levels. Immediate resistance is seen at 1.4300 levels while support is seen at 1.4040 levels interim, respectively.

Trading recommendations:

Remain long with stop at 1.4040, targets are 1.4560 and 1.4560.

Good luck!

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