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*

EUR/USD prepare to buy for a push up

Price has dropped nicely towards our profit target. We prepare to buy above 1.1379 support (Fibonacci retracement, horizontal overlap support, Elliott wave theory) for a bounce up towards 1.1447 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory).

Stochastic (34,5,3) is seeing strong support above 2.7% where we expect a bounce from.

Correlation analysis: EUR/USD and USD/CHF are strongly negatively correlated. Hence it is good that we expect a drop on USD/CHF and a bounce on EUR/USD as this shows that they are moving in tandem.

Buy above 1.1379. Stop loss at 1.1355. Take profit at 1.1447.

analytics5964c3b94665b.png

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