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: plan for the European session on October 4. The level of neutral interest rates in the United States is still

To open long positions on EUR / USD, you need:

The euro collapsed on Wednesday evening after the Fed chairman announced that it was still far from the level of neutral interest rates, hinting at their further increase. Currently, customers can only rely on the formation of a false breakdown with a divergence on the MACD indicator from the level of 1.1450, which will lead to a larger upward correction in the area of 1.151 and 1.1541, where I recommend fixing the profits. In the event of a further decline in the euro under the level of 1.1450, it is best to return to purchases after updating the lows in the area of 1.1399 or to rebound from 1.1351.

To open short positions on EUR / USD, you need:

An unsuccessful consolidation and return under the resistance level of 1.1501 will be another signal to open short positions in the euro with the aim of retesting and breaking the minimum of 1.1450, which will resume the downtrend and lead to a test of new support levels of 1.1399 and 1.1351, where I recommend fixing the profits. In the case of growth above the resistance level of 1.1501, you can sell the euro immediately to rebound from a maximum of 1.1541.

Indicator signals:

Moving averages

The price returned under the 30- and 50-average, which indicates the further formation of the downward trend. As long as trading is below average, pressure on the euro will continue.

Bollinger bands

The euro can be supported by the lower limit of the Bollinger Bands around 1.1450, the test of which will be a signal to buy the euro.

analytics5bb5bd134e499.png

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 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