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 February 27, 2015

USDCHFM30.png

Fundamental overview:
USD/CHF is expected to consolidate with bullish bias after hitting a six-week high of 0.9546 on Thursday. It is underpinned by the positive dollar sentiment, the negative Swiss interest rates and the threat of the Swiss National Bank CHF-selling intervention. But the USD/CHF gains are tempered by the positions adjustment ahead of the weekend.


Technical comment:
The daily chart is positive-biased as bullish outside-day-range pattern was completed on Thursday. The MACD and stochastics are bullish, although the latter is at overbought levels. Five- and 15-day moving averages are advancing.


Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9545 and the second target at 0.9580. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9405. A break of this target would push the pair further downwards, and one may expect the second target at 0.9365. The pivot point is at 0.9445.


Resistance levels:

0.9545

0.9580

0.9605


Support levels:

0.9405

0.9365

0.9325


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