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 July 25, 2017

USDCHFH4.png

Overview:

  • The USD/CHF pair continues moving downwards from the level of 0.9525. Today, the first resistance level is currently seen at 0.9525, the price is moving in a bearish channel now. According to the previous events, we expect the USD/CHF pair to trade between 0.9525 and 0.9400. So, the support stands at 0.9400, while daily resistance is found at 0.9525. Therefore, the market is likely to show signs of a bearish trend around the spot of 0.9525. In other words, sell orders are recommended below the spot of 0.9525 with the first target at the level of 0.9400 and continue towards 0.9360 in order to test the weekly support 1 on the H4 chart. On the other hand, if the USD/CHF pair fails to break through the first resistance level of 0.9525 today, the market will move upwards continuing the development of the bullish trend to the level 0.9623 (double top).
The material has been provided by InstaForex Company - www.instaforex.com