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*

GBP / USD: plan for the US session on September 14. Bulls in the pound are exhausted?

To open long positions for GBP / USD, you need:

Speech of the Bank of England Governor Mark Carney supported GBP / USD. Pound buyers managed to gain a foothold above 1.3119 in the first half of the day, and while the trade is being conducted over this range, demand for the pound will remain, which opens a direct road to new weekly highs near 1.3165 and 1.3214, where I recommend fixing the profits. If you return to the support level of 1.3119 in the second half of the day, it is best to look at long positions in the pair after correction to the support area of 1.3086, on a false breakout, or on a rebound from 1.3042.

To open short positions for GBP / USD, you need:

Pound sellers need a return to the support level of 1.3119, which recently acted as a resistance. A decrease in GBP / USD for this area in the second half of the day may cause the profit of large players to be fixed at the end of the week, which will lead to a stronger downward correction to the area of 1.3086 and 1.3042, where I recommend fixing the profits. In the case of further growth of the pound, good levels for selling remain weekly highs around 1.3165 and 1.3214.

Indicator signals:

The 30-day moving average is above the 50-day moving average, which indicates the development of an uptrend - a signal to buy from large support levels with a decline.

analytics5b9b965a65725.png

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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