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 January 29, 2016

EUR/USD: This currency trading instrument has succeeded in generating a "buy" signal. Short trades are not currently logical according to the price action in the chart. The price could go further north, targeting the resistance lines at 1.0000 and 1.0050. A breakout above the resistance line of 1.0000 would particularly be remarkable, because it is a psychological line.

1.png

USD/CHF: The USD/CHF pair moved sideways yesterday trading in a weakening bullish trend. The bullish effort devoted to the EUR/USD pair has been affecting the USD/CHF pair (which is negatively correlated to the EUR/USD). In case the EUR/USD pair goes further upwards, USD/CHF might plummet.

2.png

GBP/USD: There has been a persistent bullish effort on this pair – against all odds. The bullish effort has been persistent enough to become a real threat to the extent bearish outlook. In fact, an upward movement of 200 pips would lead to a new bullish signal. A Bullish Confirmation Pattern is likely to be formed in the market in the market.

3.png

USD/JPY: The bullish signal remains valid in this market, though the price has not gone significantly upwards. The price is above the EMA 56 and the RSI period 14 is above the level of 50, which means that there is a high possibility that the price could go further upwards when momentum returns to the market.

4.png

EUR/JPY: The EUR/JPY pair is trading in a clear uptrend. It has moved up by 200 pips this week getting above the demand zones of 128.50, 129.00, and 129.50. Our target for this week has already been met at the supply zone of 130.00, but the price is clearly ready to move far beyond this supply zone. So, the next targets are the supply zones of 130.50 and 131.00, which the pair might attain today or next week.

5.png

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