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*

Weekly review from June 11 to 16 2018 on the GBP/USD pair.

Trend analysis (Figure 1).

Last week, the price moved up, testing the recession level of 23.6% - 1.3479 (yellow dotted line), rolled back down. Next week, the upward movement will continue. Candlestick analysis also confirms the upper work. The first upper target is 1.3479 - the pullback level is 23.6% (yellow dotted line). How much,the possibility of this scenario is, complex analysis will show.

gbpusd-w1-instaforex-group.png

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- monthly graph - up.

Conclusion on the complex analysis- upward movement.

The total result of estimate the candle of the GBP/USD currency pair on a weekly chart: the price for weeks is likely to have an upward trend with the absence of the first lower shadow of a weekly white candle and the absence of a second upper shadow.

The upper target is 1.3478 - the retracement level is 23.6% (yellow dotted line).

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