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 27, 2015

Technical outlook and chart setups:

The GBP/CHF pair is trading around 1.5430/40 now, after reaching highs at 1.5500 yesterday. As depicted here on the H4 chart, prices can drop lower towards 1.5370, which is also Fibonacci 0.618 support of the rally between 1.5290 and 1.5500. It is recommended to initiate fresh long positions around the level of 1.5350/70 on a bullish bounce with risk at 1.5280. Immediate support is found at 1,5400 (interim) followed by 1.5300, 1.5200, and lower, while resistance is seen at 1.5570 (interim) and higher. Bulls should regain control until prices stay above the level of 1.5290.

Trading recommendations:

Initiate long positions starting from 1.5350/70 with stop at 1.5280, a target is open.

Good luck!

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