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*

Fractal analysis of major currency pairs on May 3

Dear colleagues.

For the currency pair Euro/Dollar, the price is close to the cancellation of the upward structure from April 25, which requires a breakdown of the level of 1.1147. For the currency pair Pound/Dollar, the price is in correction from the upward structure on April 25. For the currency pair Dollar/Franc, we follow the initial conditions for the top of May 1. For the currency pair Dollar/Yen, e expect the continuation of the downward movement after passing by the price of the range of 111.44 – 111.30. For the currency pair Euro/Yen, the range of 124.48 – 124.30 is the key support for the upward structure of April 26. For the currency pair Pound/Yen, we continue to follow the upward structure from April 26, we expect the upward movement to continue after the breakdown of 145.73 and the level of 145.00 is the key support.

Forecast for May 3:

Analytical review of H1-scale currency pairs:

RZH92kXsdxbbKd-izZWj0XfJLw4wA1yr4pfMLsMk

For the currency pair Euro/Dollar, the key levels on the H1 scale are 1.1313, 1.1271, 1.1256, 1.1220, 1.1171, 1.1147 and 1.1117. The price is in a deep correction. We expect the cancellation of the upward structure from April 25 after the breakdown of 1.1147. In this case, the first target is 1.1117. The resumption of the upward structure is possible after the breakdown of 1.1220. The first target is 1.1256. The passage of the price of the range of 1.1256 – 1.1271 will allow us to count on the movement to the potential target – 1.1313.

The main trend is the upward structure from April 25, the stage of deep correction.

Trading recommendations:

Buy 1.1220 Take profit: 1.1255

Buy 1.1271 Take profit: 1.1310

Sell: 1.1169 Take profit: 1.1147

Sell: 1.1145 Take profit: 1.1173

zLbaEmi8aiviTHC-QIWtphVVgCtZ-qj_4F0NXGNS

For the currency pair Pound/Dollar, the key levels on the H1 scale are 1.3185, 1.3119, 1.3093, 1.3030, 1.2997 and 1.2955. We follow the development of the upward structure of April 25. The upward movement is expected after the price passes the range of 1.3093 – 1.3119. In this case, the first potential target is 1.3185 and consolidation is near this level.

The short-term downward movement is expected in the area of 1.3030 – 1.2997 and the breakdown of the last value will lead to a prolonged correction. The target is 1.2955 and this level is the key support for the upward cycle.

The main trend is the upward structure of April 25.

Trading recommendations:

Buy: 1.3093 Take profit: 1.3118

Buy: 1.3120 Take profit: 1.3185

Sell: 1.3030 Take profit: 1.3000

Sell: 1.2996 Take profit: 1.2955

ONbHwfUz-p0wzNG8ReyctBJTViWJvwPRQFCIU2rA

For the currency pair Dollar/Franc, the key levels on the H1 scale are 1.0264, 1.0242, 1.0227, 1.0205, 1.0182, 1.0169, 1.0153 and 1.0124. The price has issued the initial conditions for the upward cycle of May 1. The upward movement is expected after the breakdown of 1.0205. In this case, the target is 1.0227 and in the area of 1.0227 – 1.0242 is the price consolidation. The potential value for the top is considered the level of 1.0264, upon reaching which we expect a rollback downwards.

The short-term downward movement is possible in the area of 1.0182 – 1.0169 and the breakdown of the latter value will lead to an in-depth correction. The goal is 1.0153 and this level is the key support for the top. Its price will have a downward trend. In this case, the potential goal is 1.0124.

The main trend is the initial conditions for the top of May 1.

Trading recommendations:

Buy: 1.0205 Take profit: 1.0227

Buy: 1.0242 Take profit: 1.0264

Sell: 1.0169 Take profit: 1.0153

Sell: 1.0150 Take profit: 1.0124

mcm07X0UkbHuPYOB6nZgFUEOMgTFSWidVdh_jhh6

For the currency pair Dollar/Yen, the key levels on the H1 scale are 112.14, 111.89, 111.74, 111.44, 111.30, 110.97 and 110.57. We continue to monitor the downward structure of April 24. We expect the subsequent development of this structure after the price passes the range of 111.44 – 111.30. In this case, the goal is 110.97, and consolidation is near this level. The potential value for the downward cycle is still considered the level of 110.57, near which we expect consolidation, as well as a rollback to the top.

The short-term upward movement is possible in the area of 111.74 – 111.89 and the breakdown of the last value will lead to a prolonged correction. The goal is 112.14 and this level is the key support for the downward structure of April 24.

The main trend is the downward structure of April 24.

Trading recommendations:

Buy: 111.74 Take profit: 111.88

Buy: 111.90 Take profit: 112.14

Sell: 111.30 Take profit: 111.00

Sell: 110.95 Take profit: 110.58

5orvM-36eu1-mXF3iNpMAm0jsO6te_cgvByyJZV4

For the currency pair Canadian Dollar/Dollar, the key levels on the H1 scale are 1.3561, 1.3534, 1.3512, 1.3483, 1.3448, 1.3433 and 1.3415. We monitor the initial conditions for the top of May 1st. Further development of the upward structure is expected after the breakdown of 1.3483. In this case, the target is 1.3512 and in the area of 1.3512 – 1.3534 is the price consolidation. The potential value for the top is considered the level of 1.3561, upon reaching which we expect a rollback downwards.

The short-term downward movement is expected in the area of 1.3448 – 1.3433 and the breakdown of the latter value will lead to an in-depth correction. The target is 1.3415 and this level is the key support for the upward structure.

The main trend is the initial conditions for the top of May 1.

Trading recommendations:

Buy: 1.3483 Take profit: 1.3512

Buy: 1.3514 Take profit: 1.3534

Sell: 1.3448 Take profit: 1.3433

Sell: 1.3413 Take profit: 1.3380

wKB89SpD7uoA5jxndbOGAklJUuHjjd7bVv2YP3q4

For the currency pair Australian Dollar/Dollar, the key levels on the H1 scale are 0.7031, 0.7015, 0.7003, 0.6984, 0.6963, 0.6945 and 0.6923. We follow the development of the downward structure of April 30. The downward movement is expected after the breakdown of 0.6984. In this case, the goal is 0.6963 and in the area of 0.6963 – 0.6945 is the short-term downward movements, as well as consolidation. The potential value for the bottom is considered the level of 0.6923, upon reaching which we expect a rollback to the top.

The short-term upward movement is possible in the area of 0.7003 – 0.7015 and the breakdown of the latter value will lead to an in-depth movement. The goal is 0.7031 and this level is the key support for the bottom.

The main trend is the downward structure of April 30.

Trading recommendations:

Buy: 0.7015 Take profit: 0.7030

Buy: Take profit:

Sell: 0.6984 Take profit: 0.6963

Sell: 0.6961 Take profit: 0.6945

7bO9ivtPtN92MJIGXnbHvQXHo2Y68NWpowtgbI54

For the currency pair Euro/Yen, the key levels on the H1 scale are 126.13, 125.86, 125.31, 125.13, 124.93, 124.48, 124.30 and 124.05. We continue to monitor the formation of the initial conditions for the upward cycle of April 26. At the moment, the price is in a deep correction. We expect the upward movement to resume after the breakdown of 124.93. In this case, the first target is 125.13. The short-term upward movement is expected in the area of 125.13 – 125.31 and the breakdown of the latter value will lead to the development of a pronounced movement. The goal is 125.86. The potential value for the top is considered the level of 126.13, upon reaching which we expect consolidation, as well as a rollback to the top.

The range of 124.48 – 124.30 is the key support for the top. Its price passage will have to develop a downward structure. In this case, the first potential target is 124.05.

The main trend is the formation of the initial conditions for the top of April 26, the stage of deep correction.

Trading recommendations:

Buy: 124.93 Take profit: 125.13

Buy: 125.31 Take profit: 125.80

Sell: Take profit:

Sell: 124.30 Take profit: 124.05

pmI8FCLTiYfHj51HhJj7h3b8pIIwgTbJ4Kf5Yamf

For the currency pair Pound/Yen, the key levels on the H1 scale are 146.63, 146.20, 146.00, 145.73, 145.29, 145.07 and 144.74. We follow the development of the upward cycle of April 26. The continuation of the upward movement is expected after the breakdown of 145.73. In this case, the goal is 146.00. The passage of the price of the range of 146.00 – 146.20 will lead to a movement to the potential target of 146.63, from this level, we expect a rollback down.

The short-term downward movement is possible in the area of 145.29 – 145.07 and the breakdown of the latter value will lead to a deep correction. The goal is 144.74 and this level is the key support for the top.

The main trend is the upward structure of April 26, the stage of correction.

Trading recommendations:

Buy: 145.75 Take profit: 146.00

Buy: 146.20 Take profit: 146.60

Sell: 145.27 Take profit: 145.07

Sell: 145.04 Take profit: 144.80

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