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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



GBP / USD: plan for the American session on April 29. Buyers failed to continue upward correction, but the chance for growth

To open long positions on GBP / USD you need:

Pound buyers could not build a new wave of growth in the first half of the day, but the probability of continuing upward correction remains quite high. The formation of a false breakdown at 1.2915, to which bears are now very close, will be a signal to open long positions based on a breakout and consolidation above resistance 1.2960, which will open a direct path to the highs of 1.2990 and 1.3017, where I recommend taking profits. Under the scenario of reducing the pound below the level of 1.2915, long positions can be returned to the rebound from the support of 1.2870.

To open short positions on GBP / USD you need:

The bears did not wait for a false breakdown in the area of resistance 1.2960, to which I paid attention in my morning forecast. Now the main task is to consolidate below the range of 1.2915, which is the middle of the side channel, which will lead to the formation of pressure on GBP / USD and reduce the pair to the area of minimum 1.2874, where I recommend taking profits. In the case of growth above 1.2960, GBP / USD can be sold to rebound from a maximum of 1.2990.

More in the video forecast for April 29

Indicator signals:

Moving averages

Trade is conducted in the region of 30 and 50 moving averages, which indicates the likely completion of a downward trend.

Bollinger bands

Volatility is low, which does not give signals to enter the market.


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 -