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 August 26, 2015

USDCHFM30.png

USD/CHF is expected to trade with a bullish bias above 0.9375. Currently trading at 0.9417, the pair is challenging its major support at 0.9375. As long as this threshold is not broken, the intraday outlook remains positive. As the momentum indicator RSI is turning up, and the 50-period MA still acts as a support. The pair is still moving towards higher highs and higher lows on an intraday basis, therefore, above 0.9375 look for a new bounce to 0.9505 and 0.9550 (highs reached on August 25) in extension.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.9505 and the second target at 0.9550. In the alternative scenario, short positions are recommended with the first target at 0.9245 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.92. The pivot point is at 0.93.

Resistance levels: 0.9505 0.9550 0.96

Support levels: 0.9245 0.92 0.9160

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