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 15, 2016

1479200643_USDCHFH4.png

Overview:

  • The USD/CHF pair has faced strong resistances at the levels of 1.0001 because the double top had become resistance this week. So, the strong resistance has already formed at the level of 1.0001 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 1.0001, the market will indicate a bearish opportunity below the new strong resistance level of 1.0001. Moreover, the RSI starts signaling a downward trend because it is considered overbought. Hence, the trend will call for a bearish market as long as the level of 1.0001 is not breached. Thus, the market is indicating a bearish opportunity below 1.0001. For that, it will be good to sell at 1.0001 with the first target of 0.9904. It will also call for a downtrend in order to continue towards 0.9828. The daily strong support is seen at 0.9828. However, the stop loss should always be taken into account, for that it will be reasonable to set your stop loss at the level of 1.0060.
The material has been provided by InstaForex Company - www.instaforex.com