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 October 22. Euro is rising against the background of an empty news calendar.

analytics5bcd7d6ccf2a9.png

Wave counting analysis:

During the trading on Friday, the EUR / USD currency pair gained about 65 basis points. Thus, the estimated first wave in the future from the downtrend of the trend has completed its construction. If the current wave counting is correct, then the increase in quotations will continue for some time, after which it is expected that the decline will resume within wave 3, c with targets located under the 14 figure. So far, there is no reason to clarify the current wave marking.

The objectives for the option with sales:

1.1327 - 127.2% of Fibonacci

1.1194 - 161.8% of Fibonacci

The objectives for the option with purchases:

1.1578 - 61.8% of Fibonacci

General conclusions and trading recommendations:

The currency pair supposedly completed the construction of wave b, as well as the first wave c. Thus, now I recommend preparing for new sales of the pair, but for this, you need a signal to complete the construction of the proposed wave 2, c. When this happens, it will be possible to open new sales with targets that are below the calculated mark of 100.0% Fibonacci (1.1431).

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