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*

Indicator analysis. Daily review on October 21, 2019 for the EUR / USD currency pair

Trend analysis (Fig. 1).

On Monday, the market may start pullback downward, with the target of 1.1132 - a pullback level of 14.6% (red dotted line). If successful, it will continue to the next lower target of 1.1106 which is a pullback level of 23.6% (red dashed line).

analytics5dad3e1f49eed.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Monday, a downward movement is possible.

The lower target of 1.1132 is the pullback level of 14.6% (red dashed line).

The next lower target of 1.1106 is a pullback level of 23.6% (red dashed line).

An unlikely scenario is an upward movement towards the target of 1.1209 - a pullback level of 61.8% (blue dashed line).

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