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 October 14, 2016

USDCHFM30.png

USD/CHF is under pressure. The technical picture of the pair is negative below a declining trend line, which emerged on Oct 13. The downward momentum is further reinforced by its declining 20-period and 50-period moving averages. The relative strength index is also capped by a bearish trend line. Although the U.S. Energy Information Administration reported that crude stockpiles increased 4.9 million barrels in the week ended October 7, compared with a build of just 700,000 barrels expected, oil prices bounced as traders learned that distillates dropped 3.7 million barrels (vs. -1.6 million barrels expected) and gasoline drew 1.9 million barrels (vs. -1.5 million barrels expected). Nymex crude added 0.5% to $50.44 a barrel.

As long as 0.9900 holds on the upside, look for a further drop toward 0.9840 and 0.9810 in extension.

Resistance levels: 0.9925, 0.9945, 0.9985

Support levels: 0.9840, 0.9810, 0.9790

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