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 28, 2017

USDCHFH1.png

Overview:

  • The USD/CHF pair movement was clear as it took place in an uptrend channel for a while. The trend showed signs of a bullish market. Amid the previous events, the price is still moving between the levels of 0.9691 and 0.9769. The daily resistance and support are seen at the levels of 0.9769 and 0.9691 respectively. Hence, the USD/CHF pair is continuing to trade in a bullish trend from the new support level of 0.9691 to form a bullish channel. Besides, the major resistance is seen at 0.9814, while the immediate resistance is found at 0.9769. Then, we may anticipate potential testing of 0.9769 to take place soon. Moreover, if the pair succeeds in passing through the level of 0.9769, the market will indicate a bullish opportunity above the level of 0.9769. A breakout of that target will move the pair further upwards to 0.7283. Buy orders are recommended above the area of 0.9691 with the first target at the level of 0.9769; and continue towards 0.9814. On the other hand, if the USD/CHF pair fails to break out through the resistance level of 0.9769; the market will decline further to the level of 0.9691 to set around it for a while. Generally, we still prefer a bearish market in coming hours.
The material has been provided by InstaForex Company - www.instaforex.com