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*

USDCHF facing bearish pressure, potential for further downside!

analytics607008c2e4f25.jpg

Prices are facing bearish pressure from pullback resistance which is in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support, in line with 78.6% FIbonacci extension and -27.2% Fibonacci retracement fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. The Ichimoku cloud is above prices, showing a bearish pressure on prices.

Trading Recommendation

Entry: 0.92681

Reason for Entry:

Horizontal pullback support, 100% Fibonacci extension, 61.8% Fibonacci retracement

Take Profit: 0.92193

Reason for Take Profit:

-27.2% Fibonacci retracement, 78.6% Fibonacci extension

Stop Loss: 0.92888

Reason for Stop Loss:

Horizontal swing high resistance, 161.8% Fibonacci extension, 78.6% Fibonacci retracement

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