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 March 5, 2015

usdchfh4.png

Overview :



  • The USD/CHF pair has not shown signs of following the break of the highest level of 0.9580 and has opened above the daily pivot point today. Therefore, it will be a good sign to buy above the level of 0.9600 with the first target at 0.9725 and resume to 0.9750 today. However, in case a reversal takes place and the USD/CHF pair breaks through the support level of 0.9580, the market is likely to decline to 0.9434 in order to indicate a correction movement at this level. Meanwhile, the daily chart represents a strong support at 0.9600, moreover the channel emerging of the RSI is still positive on the weekly frame, so the RSI calls for a new uptrend at this level. Additionally, if the EMA50 (blue color) cross over the support at the price of 0.9613, it would be more a confirmation for uptrend in a long term period.


Intraday technical levels :


Date:5/03/2015


Pair:USD/CHF



  • R3: 0.9759

  • R2: 0.9718

  • R1: 0.9675

  • PP: 0.9634

  • S1: 0.9591

  • S2: 0.9550

  • S3: 0.9507


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