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 October 22, 2015

EUR/USD: The EUR/USD pair has only moved sideways from Monday till now and it is better to wait until there would be a break out of the current equilibrium phase. The price would either go above the resistance line at 1.1400 or below the support line of 1.1300. The current bias is bullish, so a breakout to the upside is more likely. Some fundamental figures would be released today and they might have a significant impact on the market.

1.png

USD/CHF: the USD/CHF has been consolidating to the upside this week though the bias remains bearish. The price is now close to the resistance level of 0.9600, but there cannot be any threat to the existing bearish bias as long as the price is below the resistance level of 0.9700. Right now, the Williams' % Range period 20 is in the overbought region, but the EMA 11 is yet to cross the EMA 56 to the upside.

2.png

GBP/USD: There is still a Bullish Confirmation Pattern in the GBP/USD chart, albeit the price has been corrected a bit downwards. When a breakout does occur, it is more likely that it would be to the upside, since the outlook for the GBP/USD pair is bullish (which might hold true for the rest of the month).

3.png

USD/JPY: Since October 15, 2015, the USD/JPY pair has been making some bullish effort. The price has moved upwards by close to 200 pips since then, testing the supply level of 120.00 now. The supply level could be easily breached today or tomorrow. If another supply level of 121.00 is eventually breached, that would harbinger a strong trending movement.

4.png

EUR/JPY: An outlook for this pair is still bullish in spite of the fact that the price looks a bit like consolidating. The bullish outlook would hold as long as the demand zone of 135.00 is not breached to the downside. Until that happens, any bearish corrections here would be taken as opportunities to go long.

5.png

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