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*

Technical analysis of EUR/USD for 30/08/2019:

Technical Market Overview:

The EUR/USD pair gets closer to the kry technical support as the new local low was made at the level of 1.1040. The bears are clearly in control of this market and the momentum is now weak and negative. Please keep an eye on the current developments as any move lower can change the market positioning for the next days. Any breakout below the level of 1.1027 opens the way towards the next technical support at 1.0912. The downtrend continues.

Weekly Pivot Points:

WR3 - 1.1293

WR2 - 1.1218

WR1 - 1.1193

Weekly Pivot Pont - 1.1119

WS1 - 1.1089

WS2 - 1.1014

WS3 - 1.0984

Trading Recommendations:

The best strategy for current market conditions is to trade with the larger timeframe trend, which is down. All upward moves will be treated as local corrections in the downtrend. The downtrend is valid as long as it is terminated or the level of 1.1445 clearly violated. There is an Ending Diagonal price pattern visible on the larget timeframes that indicate a possible downtrend termination soon. The key short-term levels are technical support at the level of 1.1027 and the technical resistance at the level of 1.1250.

analytics5d6890ea8e52c.jpg

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