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*

Daily analysis of major pairs for July 3, 2015

EUR/USD: This is a bearish market. Based on what has been happening here since Monday, it would be nice to sell in the context of the downtrend. The support line at 1.0950 was tested at the beginning of the week, owing to the gap down that occurred then. Now it is assumed that the same support line would be tested again today or next week.

1435877104_1.png

USD/CHF: Following the severe bearish plunge that happened on Monday, the USD/CHF pair has rallied vividly. The price has gone upwards by 250 pips from the support level of 0.9250 testing the resistance level of 0.9500. There is a shallow bearish retracement in the market, but the resistance level of 0.9500 could be tested again and eventually breached to the upside.

1435877288_2.png

GBP/USD: As forecasted, the GBP/USD pair broke below the distribution territory of 1.5650, testing the recalcitrant accumulation territory around 1.5600. The recent equilibrium phase is over and it has resulted in a Bearish Confirmation Pattern. There is a possibility that this is the beginning of a protracted downtrend.

1435877167_3.png

USD/JPY: It would be recommended that the USD/JPY pair should be avoided until there would be a clear directional movement. There are short-term swings which could be deceptive, but there would be a strong trending movement once the supply level at 124.00 is breached to the upside or when the demand level at 122.00 is breached to the downside.

1435877320_4.png

EUR/JPY: The EUR/JPY pair has started moving sideways and unless there is a significant event affecting EUR (especially an event that makes the currency move seriously), the sideways movement would continue. However, there would be a breakout in favor of the bear or the bull soon.

1435877581_5.png

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