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 June 22, 2017

1498138713_USDCHFM30.png

The pair is trading below its declining 20-period and 50-period moving averages, which are playing resistance roles and maintain the downside bias. The relative strength index is bearish and is calling for a further downside.

To sum up, as long as 0.9750 holds on the upside, a new drop to 0.9700 and even to 0.9680 seems more likely to occur.

Graph Explanation: The black line shows the pivot point, present price above pivot point indicates the bullish position and below pivot points indicates the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: SELL, Stop Loss: 0.9750, Take Profit: 0.9700

Resistance levels: 0.9770, 0.9790, and 0.9875

Support levels: 0.97000, 0.9680, and 0.9655

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