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 September 19, 2016

USDCHFM30.png

USD/CHF is expected to trade with bullish bias and upside movements are expected to prevail. The pair stands firmly above its horizontal support at 0.9755, and is holding on the upside. The upward momentum is further reinforced by its rising 50-period moving average, which maintains a bullish bias. Besides, the relative strength index is above its neutrality area at 50, and lacks downward momentum.

The US Labor Department reported that CPI grew 0.2% on month in August (vs. +0.1% expected) and was up 1.1% on year (vs. +1.0% expected). On the other hand, the University of Michigan Consumer Sentiment Index remained unchanged at 89.8 in September (vs. 90.6 expected).

To conclude, as long as 0.9755 holds on the downside, we remain positive and expect a bounce to 0.9840 and even to 0.9865.

Resistance levels: 0.9840, 0.9865, 0.9910

Support levels: 0.9735, 0.9710, 0.9665

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