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 February 23, 2018

USDCHFM30.png

USD/CHF is turning down. The pair retreated from 0.9410 (the high of February 22). The 20-period moving average crossed below the 50-period one. The relative strength index shows downside momentum.

Hence, as long as 0.9380 holds on the upside, look for further drop to 0.9315 and even to 0.9280 in extension.

Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a 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 at 0.9380, take profit at 0.9315.

Resistance levels: 0.9410, 0.9450, and 0.9485

Support levels: 0.9315, 0.9280, and 0.9250.

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