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 GBP/USD for January 07, 2016

GBP/USD has been trading above the support level of 1.4608 after another session of declines on a short-term basis. On the H1 chart, a strong bottom was found around that level, so we can expect a rebound towards the resistance level of 1.4702 in coming days. The MACD indicator is in positive territory.

1452118742_GBPUSDH1.png

H1 chart's resistance levels: 1.4702 / 1.4802

H1 chart's support levels: 1.4608 / 1.4464

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is 1.4608, take profit is at 1.4464, and stop loss is at 1.4755.

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