Swiss Franc Technical OutlookThe
Swiss Franc
showed incredible strength against the US Dollar through recent trade,
but a sharp USD/CHF reversal off of important Fibonacci support
suggests that further short-term corrections are likely.
The
1.0670 mark represents the 61.8 percent Fibonacci retracement of the
1.2300-0.9640 move, and said level may continue to contain declines
through near-term price action. Shorter-term, subsequent resistance can
be found at recent spike-highs of 1.1136.
Canadian Dollar Technical OutlookThe US dollar has found a base against the
Canadian Dollar
at the 1.2000 mark, representing the confluence of the USD/CAD’s
short-term rising trendline and the 38.2 percent Fibonacci retracement
of the 1.0300-1.3020 move.
Said level is likely to contain any
short-term declines in the USD/CAD, while intraday spike-highs near
1.2400 represent subsequent support. A break below 1.2000 would negate
our short-term bullish bias.
[ForexGen Money Manager]
An individual who is responsible for the entire
financial
portfolio of another individual or another entity. A money manager
receives payment in exchange for choosing and monitoring appropriate
investments for the client.
Benefits of being a Money Manager with [ForexGen]:* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The
money manager gets a fixed percentage of the profit previously agreed
upon with the client for managing the client funds as a bonus feature.
The most competitive trading conditions:* 2 pips spread on six currency pairs.
*
Providing online trading services without maintenance margin, margin
call and no automatic closing of positions below the initial margin on
weekdays for accounts with initial equity of up to $1 million US. The
margin level have to be recognized Fridays at 23:00 CET and before
public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the
Forex market compared with other financial markets.