MG Network

our website isOn Vacation

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*

USDCHF reversal from our target zone.

USDCHF earlier today reached our target trend line. Support was at 0.9080 and price reached and tested this support trend line. Price is now bouncing off this support and we could see a major reversal unfolding. As we mentioned yesterday, breaking below the orange trend line would be an added bearish signal.

analytics618174daaa21b.jpg

Blue lines - bearish channel

USDCHF is in a short-term bearish channel. Short-term has not changed to bullish yet despite the bounce from 0.9280. Price has resistance at 0.9162-0.9175. Bulls need to break above this level in order for short-term to change to bullish. A rejection at 0.9160 area will most probably bring price back towards 0.91-0.9080.

analytics61817539b2bda.jpg

Orange line - trend line support

Blue lines - bearish channel

USDCHF as we said above has reached the major support trend line coming from the lows of January 2021. Breaking below this trend line would be a medium-term bearish signal and sign of weakness.

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