FxGrow Daily Technical Analysis – 18th Jan, 2015
By FxGrow Research & Analysis Team
CHFPLN - breakout the upper limit of consolidation after S&P downgrade
On Friday rating agency Standard & Poor’s cut the Poland's rating and warned of a further cut. S&P in note pointed at new government's actions without reference to the Poland's economy. Despite that other agencies does not opt to identical moves polish zloty weakened.
Currency pair CHFPLN is very popular because a thousands of Poles have debt in CHF.
For more in depth Analysis & Research please visit FxGrowhttp://www.fxgrow.com/analysis-educ...er-limit-of-consolidation-after-s-p-downgrade.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
By FxGrow Research & Analysis Team
CHFPLN - breakout the upper limit of consolidation after S&P downgrade
On Friday rating agency Standard & Poor’s cut the Poland's rating and warned of a further cut. S&P in note pointed at new government's actions without reference to the Poland's economy. Despite that other agencies does not opt to identical moves polish zloty weakened.
Currency pair CHFPLN is very popular because a thousands of Poles have debt in CHF.
For more in depth Analysis & Research please visit FxGrowhttp://www.fxgrow.com/analysis-educ...er-limit-of-consolidation-after-s-p-downgrade.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
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