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 June 13

Forecast for June 13:

Analytical review of H1-scale currency pairs:

analytics5d01b000bda6d.png

For the euro / dollar pair, the key levels on the H1 scale are: 1.1435, 1.1416, 1.1384, 1.1363, 1.1333, 1.1286, 1.1259 and 1.1214. Here, we continue to monitor the local ascending structure of June 5. The resumption of the upard trend is possible after the breakdown of 1.1333. In this case, the first target is 1.1363. Short-term upward movement is expected in the corridor 1.1363 - 1.1384. The breakdown of the latter value will lead to a pronounced movement. Here, the target is 1.1416. We consider the level 1.1435 to be a potential value to the top. Upon reaching this level, we expect consolidation in the corridor 1.1416 - 1.1435, as well as a rollback to the correction.

Short-term downward movement is possible in the corridor 1.1286 - 1.1259. The breakdown of the latter value will have to form the initial conditions for the downward cycle. Here, the potential target is 1.1214.

The main trend is the local structure for the top of June 5.

Trading recommendations:

Buy 1.1333 Take profit: 1.1363

Buy 1.1386 Take profit: 1.1416

Sell: 1.1284 Take profit: 1.1262

Sell: 1.1257 Take profit: 1.1220

analytics5d01b019c7fe8.png

For the pound / dollar pair, the key levels on the H1 scale are: 1.2808, 1.2789, 1.2754, 1.2727, 1.2687, 1.2667 and 1.2633. Here, we continue to follow the development of the upward cycle of May 31. At the moment, the price is in correction and forms the potential for the downward movement of June 7. The continuation of the movement to the top is expected after the breakdown 1.2727. In this case, the goal is 1.2754. Near this level is the price consolidation. Breakdown at 1.2755 should be accompanied by a pronounced upward movement. Here, the goal is 1.2808. Price consolidation is in the corridor 1.2789 - 1.2808 and from here, we expect a rollback to the bottom.

Short-term downward movement is possible in the corridor 1.2687 - 1.2667. The breakdown of the latter value will lead to a prolonged correction. Here, the goal is 1.2633. This level is a key support for the upward structure.

The main trend is the upward cycle of May 31, the formation of the downward potential of June 7.

Trading recommendations:

Buy: 1.2728 Take profit: 1.2752

Buy: 1.2755 Take profit: 1.2787

Sell: 1.2686 Take profit: 1.2668

Sell: 1.2664 Take profit: 1.2638

analytics5d01b03b41542.png

For the dollar / franc pair, the key levels on the H1 scale are: 1.0059, 1.0033, 0.9995, 0.9965, 0.9930, 0.9908, 0.9884 and 0.9858. Here, we are following the formation of the ascending structure of June 7. Continuation of the movement to the top is expected after the breakdown of 0.9965. In this case, the target is 0.9995. Consolidation is near this level. A breakdown at 0.9997 will lead to the development of a pronounced upward movement. Here, the target is 1.0033. For the potential value to the top, we consider the level of 1.0059. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the corridor 0.9930 - 0.9908. Hence, there is a high probability of a reversal to the top. A breakdown of the level of 0.9908 will lead to the development of a protracted correction. Here, the target is 0.9884. This level is a key support to the top.

The main trend - the formation of the ascending structure of June 7.

Trading recommendations:

Buy : 0.9965 Take profit: 0.9995

Buy : 0.9997 Take profit: 1.0033

Sell: 0.9930 Take profit: 0.9910

Sell: 0.9906 Take profit: 0.9886

analytics5d01b0568b52a.png

For the dollar / yen pair, the key levels on the H1 scale are : 109.58, 109.37, 109.01, 108.70, 108.08, 107.76 and 107.35. Here, we mainly expect the development of the ascending structure of June 7. Short-term upward movement is possible in the corridor 108.70 - 109.01. The breakdown of the latter value should be accompanied by a pronounced upward movement. Here, the target is 109.37. Price consolidation is in the corridor 109.37 - 109.58.

Level 108.08 is the key support for the ascending structure. Its price passage will lead to the development of a downward trend. Here, the first target is 107.76. For the potential value at the bottom, we consider the level of 107.35.

The main trend: the formation of potential for the top of June 7.

Trading recommendations:

Buy: 108.70 Take profit: 109.00

Buy : 109.03 Take profit: 109.37

Sell: 108.08 Take profit: 107.76

Sell: 107.74 Take profit: 107.37

analytics5d01b071e6482.png

For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3451, 1.3424, 1.3370, 1.3350, 1.3304, 1.3277 and 1.3237. Here, we follow the formation of the ascending structure of June 7. Continuation of the development of an upward trend is expected after the price passes the noise range 1.3350 - 1.3370. In this case, the goal is 1.3424. For the potential value to the top, we consider the level of 1.3451. After reaching which, we expect to go into a correction.

Short-term upward movement is possible in the corridor 1.3304 - 1.3277. The breakdown of the latter value will lead to the development of a downward trend. Here, the first potential target is 1.3237.

The main trend - the formation of the ascending structure of June 7.

Trading recommendations:

Buy: 1.3370 Take profit: 1.3424

Buy : 1.3426 Take profit: 1.3450

Sell: 1.3304 Take profit: 1.3280

Sell: 1.3275 Take profit: 1.3240

analytics5d01b0970ef40.png

For the pair Australian dollar / US dollar key levels on the H1 scale are : 0.6974, 0.6964, 0.6944, 0.6933, 0.6912, 0.6897, 0.6875 and 0.6861. Here, we are following the development of the downward cycle of June 7th. Short-term downward movement is expected in the corridor 0.6912 - 0.6897. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is 0.6875. For the potential value at the bottom, we consider the level of 0.6861. After reaching which, we expect consolidation, as well as rollback to the top.

Short-term upward movement is possible in the corridor 0.6933 - 0.6944. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.6964. The range of 0.6964 - 0.6974 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle to be formed.

The main trend is the downward cycle of June 7.

Trading recommendations:

Buy: 0.6933 Take profit: 0.6944

Buy: 0.6946 Take profit: 0.6964

Sell : 0.6912 Take profit : 0.6898

Sell: 0.6895 Take profit: 0.6875

analytics5d01b0b9bb93a.png

For the euro / yen pair, the key levels on the H1 scale are: 124.10, 123.77, 123.47, 123.06, 122.87, 122.54, 122.31 and 121.98. Here, we continue to monitor the ascending structure of June 3. Continuation of the movement to the top is expected after the price passes the noise range 122.87 - 123.06. In this case, the goal is 123.47. Price consolidation is in the corridor 123.47 - 123.77. For the potential value to the top, we consider the level of 124.10. After reaching which, we expect a departure to the correction.

Short-term downward movement is expected in the corridor 122.54 - 122.31. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.98. This level is a key support to the top.

The main trend is the ascending cycle of June 3.

Trading recommendations:

Buy: 123.06 Take profit: 123.45

Buy: 123.48 Take profit: 123.75

Sell: 122.54 Take profit: 122.33

Sell: 122.25 Take profit: 122.00

analytics5d01b0d9c2f3b.png

For the pound / yen pair, the key levels on the H1 scale are : 139.44, 138.98, 138.67, 138.19, 137.47, 137.25, 136.97 and 136.52. Here, we are following the development of the ascending structure of June 4. Continuation of the movement to the top is expected after the breakdown of 138.20. In this case, the goal is 138.67. Short-term upward movement, as well as consolidation is in the corridor 138.67 - 138.98. For the potential value to the top, we consider the level of 139.44. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is expected in the corridor 137.47 - 137.25. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 136.97. This level is a key support to the top.

The main trend is the ascending structure of June 4.

Trading recommendations:

Buy: 138.20 Take profit: 138.65

Buy: 138.69 Take profit: 138.96

Sell: 137.47 Take profit: 137.27

Sell: 137.20 Take profit: 136.98

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