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*

Forecast for AUD/USD on August 26, 2019

AUD/USD

The Australian dollar did not succumb to Friday's excitement in the markets, closed the day at the opening level and today, on the failed data on the trade balance of New Zealand, it lost 65 points at the moment. The fears of the "Australian" are understandable because Australia is the closest trading partner of China, with which the US trade war has received a new intensification. The New Zealand trade balance for July amounted to -685 million dollars against the forecast of -250 million and 331 million in the previous month (revised down from 365 million).

analytics5d635abb2fa7a.png

On the daily chart, the price pierced the support of the embedded line of the red price channel (0.6720) and returned above it with the growing Marlin oscillator. This is a sign of a false movement, after which it is likely to increase to the first target of 0.6833 – the Fibonacci retracement level of 38.2%, coinciding with the low of June 18.

analytics5d635ad151de4.png

On the four-hour chart, the price fixed below the balance and MACD lines, Marlin oscillator in the declining zone. If the price manages to gain a foothold over these indicator lines, the growing potential will begin to be realized. Leaving the price below 0.6720 will show that the movement this morning was false, and the price will tend to the blue line of the price channel on the daily at 0.6657.

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