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 March 13, 2015

USDCHFM30.png


Fundamental overview:
USD/CHF is expected to consolidate in a lower range after hitting almost a two-month high of 1.0128 on Thursday. USD/CHF is undermined by weaker dollar sentiment and franc demand on the buoyant CHF/JPY cross. The USD/CHF losses are tempered by the negative Swiss interest rates, the threat of the Swiss National Bank to carry out CHF-selling intervention, and positions adjustment ahead of the weekend.


Technical comment:
The daily is chart mixed as the MACD is bullish, 5- and 15-day moving averages are advancing, but stochastics has turned bearish at overbought levels.


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 1.0120 and the second target at 1.0160. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9950. A break of this target would push the pair further downwards, and one may expect the second target at 0.9875. The pivot point is at 0.9990.


Resistance levels:

1.0120

1.0160

1.02


Support levels:

0.9950

0.9875

0.9820


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