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 GBP/CHF for November 24, 2014


Technical outlook and chart setups:


The GBP/CHF pair has raised through 1.5200 levels as seen here. It is recommended to book partial profits and move stop/risk to break even points. Please note that the pair has hit fibonacci 0.50 resistance for now, and could retrace lower from here. Resistance is seen at 1.5300, past support turned resistance, followed by 1.5450, 1,5475, 1.5550 while support is seen at 1.5150 (interim), followed by 1.5025, 1.4950 and lower respectively. A push higher could easily see through 1.5300 levels which is fibonacci 0.618 resistance level of the drop from 1.5450 to 1.4950.


Trading recommendations:


Book at least partial (up to 60%) profits on long positions taken earlier and move stop at break even. The target is 1.5300 for remaining long positions.


Good luck!


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