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 January 23, 2018

USDCHFH4.png

Overview:

  • The USD/CHF pair continues to move downwards from the zone of 0.9644 and 0.9600. The pair dropped from the level of 0.9644 to 0.9600. Today, resistance is seen at the levels of 0.9708 and 0.9759. So, we expect the price to set below the strong resistance at the levels of 0.9708 and 0.9759; because the price is in a bearish channel now. The RSI starts signaling a downward trend. Consequently, the market is likely to show signs of a bearish trend. So, it will be good to sell below the level of 0.9708 with the first target at 0.9593 and further to 0.9541 in order to test the daily support. If the USD/CHF pair is able to break out the double bottom at 0.9541, the market will decline further to 0.9481 to approach support 2 today. However, the price spot of 0.9708 and 0.9759 remains a significant resistance zone. Thus, the trend is still bearish as long as the level of 0.9759 is not breached
The material has been provided by InstaForex Company - www.instaforex.com