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 pair: plan for the US session on November 28. The market is waiting for Fed Chairman Jarom Powell speech

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

The situation has not changed much compared to the morning forecast but the market is on the side of euro sellers. To change the situation, a breakthrough and fixation above the resistance of 1.1292 are needed, which will lead to a larger upward correction in the area of 1.1327. To rely on maximums around 1.1374, weak data on the American economy will be required. The output of which is expected in the second half of the day. In the case of a further decline in the EUR/USD pair, long positions are best considered after updating the minima of 1.1254 and 1.1223.

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

While trading is below the resistance of 1.1292, pressure on the euro will continue. Meanwhile, the release of good statistics on US GDP growth in the 3rd quarter of this year may lead to a new wave of EUR / USD decline with test lows around 1.1254 and 1.1223, where I recommend taking profits. If the data turns out to be worse than expected, a bet on the strengthening of the US dollar can be made during a speech by Fed Chairman Jerome Powell, which will be held tonight. With the euro growth scenario above 1.1292, short positions can be considered to rebound from a maximum of 1.1327.

Indicator signals:

Moving averages

Trade is conducted below the 30- and 50-day moving averages, which indicates a further downward trend of the euro.

Bollinger bands

The volatility of the Bollinger Bands indicator fell, which led to the absence of signals to enter the market.

Y0dR1RW2BcIz-nMtIEbDXK4WPkixuhhKqniFCwON

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