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 December 12, 2016

USDCHFM30.png

USD/CHF is expected to trade with a bullish bias. The pair remains bullish above its horizontal support at 1.0150, and is likely to post a new rebound. The relative strength index is turning up, and also broke above its neutrality area at 50. Regarding economic data, the University of Michigan sentiment index (preliminary reading) improved to 98.0 in December (vs. 94.5 expected), the highest level since January 2015, from 93.8 in November.

Hence, as long as the key support at 1.0150 remains intact, look for a further advance towards 1.0215. A break above this level would open the path to 1.0240.

Resistance levels: 1.0215, 1.0240, 1.0285

Support levels: 1.0110, 1.0080, 1.0060

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