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*

Wave analysis of EUR / USD for August 7. The pair is ready to proceed to construct a corrective wave

analytics5b694b15dabdd.png

Analysis of wave counting:

During the trades on Monday, the currency pair EUR / USD lost another 10 percentage points. Thus, the construction of the supposed first wave as part of the future wave 5 downward trend section continues. The wave 4 took a rather complex view, but still completed its construction near the mark of 1.1750. In the near future, the pair can proceed to construct an internal correctional wave in the composition of wave 1, 5, 5. The approximate targets of this wave can be located near the mark of 1.1650. After that, it is expected to resume the decline in quotations.

The objectives for the option with sales:

1.1507 - 100.0% of Fibonacci

1.1444 - 127.2% of Fibonacci

The objectives for the option with purchases:

1.1834 - 200.0% of Fibonacci

1.1957 - 161.8% of Fibonacci

General conclusions and trading recommendations:

The correction wave 4 supposedly completed its construction. If this is the case, then on August 7, I recommend continuing selling the pair with targets located near the estimated levels of 1.1507 and 1.1444, which equates to 100.0% and 127.2% of Fibonacci, within wave 1, 5. The correction wave, the construction of which is possible in the near future, can be used to increase sales at more attractive price levels.

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