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 November 28, 2017

EUR/USD: After testing the resistance line at 1.1950, the EUR/USD retraced back a bit. That retracement could be seen as another opportunity to go long when things are slightly bearish and in the context of an uptrend. The price would still go upwards towards the resistance lines at 1.1950, and most importantly, 1.2000.

1511826941_1.png

USD/CHF: The USD/CHF did not do anything significant on Monday. This week, further downwards movement is possible, especially as long as the EUR/USD experiences buying pressure. Therefore, the support levels at 0.9750 and 0.9700 could be reached.

1511826962_2.png

GBP/USD: There remains a bullish bias on the GBP/USD market. The market can continue going upwards, reaching the distribution territories 1.3350 and 1.3400. The price could also end up trending downwards strongly, especially when volatility breaks out, for the outlook on GBP pairs is bearish for the week and the month.

1511826982_3.png

USD/JPY: The USD/JPY pair is bearish. Price went downwards by 100 pips last week, but it did not do anything noteworthy on November 27. There is a Bearish Confirmation Pattern in the market, and it is possible that the demand level at 111.00 would be tested again. However, a rally is expected before the end of this week.

1511827019_4.png

EUR/JPY: The EUR/JPY cross went south yesterday – which clearly shows that the market has been experiencing a series of upswings and downswings (in the short-term). It would be prudent to stay out of the market until there is a Bullish (or Bearish) Confirmation Pattern in the market, which would be brought about by a directional movement.

1511827041_5.png

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