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 April 04, 2018

analytics5ac4aded266a3.png

Overview:

The USD/CHF pair faced resistance at the level of 0.9617, while minor resistance is seen at 0.9598. Support is found at the levels of 0.9562 and 0.9535. Also, it should be noted that a daily pivot point has already set at the level of 0.9578. Equally important, the USD/CHF pair is still moving around the key level at 0.9578, which represents a daily pivot in the H1 time frame at the moment. The USD/CHF pair continued to move upwards from the level of 0.9578. Moreover, the pair rose from the level of 0.9535 (this level of 0.9535 coincides with the double bottom) to the top around 0.9598. In consequence, the USD/CHF pair broke resistance, which turned strong support at the level of 0.9535. The level of 0.9535 is expected to act as major support today. From this point, we expect the USD/CHF pair to continue moving in the bullish trend from the support levels of 0.9562 towards the target level of 0.9617. If the pair succeeds in passing through the level of 0.9617, the market will indicate the bullish opportunity above the level of 0.9617 in order to reach the second target at 0.9633. Notwithstanding, if a breakout happens at the support level of 0.9535, then this scenario may be invalidated.

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