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 November 24, 2014

The US dollar is well placed at higher levels against the Euro, JPY, and CHF. A surprise interest rate cut by China made the USD friendly. The People’s Bank of China cut the one-year benchmark lending rate by 40 basis points to 5.6% and the one-year deposit rate by 25 basis points to 2.75%. The Swiss gold referendum will take place on November 30, 2014. Today, the pair opened with a gap up, but unable to sustain there. The pair has immediate parallel resistance at 0.9742. On the daily chart, the pair has made higher lows and higher highs formation. In case if the price breaches the 0.9742 levels, it can extend its rally up to 0.9950. We have been recommending using every dip to buy with the targets at 0.9800, 0.9840,0.9970, and 1.017. The parallel monthly resistance exists at 0.9751. We recommend buying above 0.9751 with the targets at 0.9820 and 0.9870. If a daily close is above 0.9742, the bulls will challenge new highs by adding 150 or 200 pips on the higher side.


USDCHFDaily.png


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