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 February 9, 2017

EUR/USD: The EUR/USD has gone down in the short-term, generating a short-term bearish signal. Price has gone down by more than 100 pips this week, now below the resistance line at 1.0700. The next target for bears is support line at 1.0650, which might even be breached to the downside.

1486598330_1.png

USD/CHF: This currency trading instrument has not done anything significantly this week, save some kind of volatility, which is also not significant in itself. There are mixed signals in the market, but there would soon be a serious breakout this week or next. That is what would determine the next direction in the market.

1486598344_2.png

GBP/USD: The GBP/USD has not done anything significant this week, save the brief pullback on February 7, which was quickly recovered. It may be OK to stay away from the market until there is a clean directional movement, which would most probably favor the bears. There could be temporary rallies here, but the market should drop seriously soon.

1486598358_3.png

USD/JPY: This is a bear market, which has been unfolding within the last several weeks. The EMA 11 is below the EMA 56 and the RSI period 14 is below the level 50. Further decline is possible, but it is expected that JPY pairs would rally soon: the USD/JPY also included.

1486598371_4.png

EUR/JPY: The EUR/JPY is in a strong bearish mode. Price has come down by 340 pips since January 30, 2017, and there is currently an attempt to breach the demand zone at 119.50, which would eventually be breached this week or next, as price targets another demand zones at 119.00 and 118.50.

1486598385_5.png

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