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*

Technical analysis of GBP/USD for March 13, 2019

analytics5c88ed3ec0a63.png

Overview:

The GBP/USD pair will continue rising from the level of 1.3130 in the long term. It should be noted that the support is established at the level of 1.3130 which represents the daily pivot point on the H1 chart. The price is likely to form a double bottom in the same time frame. Accordingly, the GBP/USD pair is showing signs of strength following a breakout of the highest level of 1.3130. So, buy above the level of 1.3300 with the first target at 1.3524 in order to test the daily resistance 1. The level of 1.3524 is a good place to take profits. Moreover, the RSI is still signaling that the trend is upward as it remains strong above the moving average (100). This suggests that the pair will probably go up in coming hours. If the trend is able to break the level of 1.3300, then the market will call for a strong bullish market towards the objective of 1.3524 today. On the other hand, in case a reversal takes place and the GBP/USD pair breaks through the support level of 1.3130, a further decline to 1.3080 can occur. It would indicate a bearish market.

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