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 January 25, 2017

USDCHFM30.png

USD/CHF is under pressure. The pair stays below its resistance at 1.0025 and remains on the downside. Both 20-period and 50-period moving averages are descending and should maintain a bearish bias. Meanwhile, the relative strength index remains below its neutrality area at 50. The U.S. dollar managed to stabilize as Treasury yields rebounded. The ICE U.S. Dollar Index marked a daily low of 99.92 before bouncing to close at 100.28, up 0.1% on the day. U.S. government bonds saw the biggest one-day sell-off in over a month, which lifted the benchmark 10-year Treasury yield to 2.471% from 2.401% Monday, its largest one-day jump since December 9.

As long as 1.0025 is not broken above, a break below 0.9970 seems likely.

Resistance levels: 1.0050, 1.0070, 1.0100

Support levels: 0.9970, 0.9955, 0.9910

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