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 December 22, 2016

EUR/USD: There is a Bearish Confirmation Pattern in the EUR/USD 4-hour chart, and the bias is bearish. However, price has been trying to make some bullish effort this week, which translates into a rally in the context of a downtrend. This is a kind of scenario that enables bears to go short again at better prices.

1482403499_1.png

USD/CHF: The USD/CHF is still in a bullish mode. Price is supposed to continue going upwards this week, reaching the resistance levels at 1.0300 and 1.0350. There is a Bullish Confirmation Pattern in the 4-hour chart. The bullish outlook would be valid as long as price does not go below the support levels at 1.0050 and 1.0000.

1482403512_2.png

GBP/USD: The Cable is currently a bear market in the short and long-term. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. In the last few days, price has been moving sideways, but further bearish movement is expected before the end of this month.

3.png

USD/JPY: This market has not done much this week. The general outlook on the market is bullish, and there are possibilities that the supply levels at 118.00, 118.50 and 119.00 would be tested before the end of this year. Bearish corrections in this market should be taken as opportunities to go long.

4.png

EUR/JPY: The EUR/JPY cross is a trendless market in the near time. Price has consolidated so far this week, but a rise in momentum will happen before the end of the year, which would be a surprise. A closer look at the market reveals some bullish attempts. The expected direction in the market is bullish when momentum does arise.

5.png

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