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 GBP / USD for April 10. Today the question of deferment of Brexit will be resolved

GQljE5LPPRmoQPeB9DDf6ozmlwBjywiYzTxf4n_H

Wave counting analysis:

On April 9, the GBP / USD pair lost about 10 bp. and remains within the narrowing triangle. I still expect the pair to go beyond this triangle to determine the direction of movement for the near future. Today, the tool will have enough opportunities to fulfill this option, since the GDP will be released in the UK today. Meanwhile, inflation is published in the United States, and the EU summit will be held, wherein the issue of the Brexit postponement will be decided. Based on the current wave marking, it is more preferable to build a downward wave. However, everything will depend on the news background. A variant with a successful attempt to break through the upper line of the triangle, which will lead to the complication of the entire wave marking, is not excluded.

Purchase goals:

1.3350 - 100.0% Fibonacci

1.3454 - 127.2% Fibonacci

Sales targets:

1.2961 - 0.0% Fibonacci

General conclusions and trading recommendations:

The wave pattern involves the construction of a downward trend. However, as long as the pair does not break through one of the lines of the triangle, the trading will take place inside it. Today, the news background should help to get out of the triangle, and the breakthrough of one of its lines will be a strong signal to buy or sell.

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