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 March 5, 2020

AUD/USD

The RBA lowered its base rate from 0.75% to 0.50% on Tuesday, but since the world was buzzing about the US dollar, the aussie joined it and showed growth for two days, having worked on the daily chart on the Fibonacci resistance level of 223.6 % The Marlin oscillator has left his own wedge up, but currently shows its intention to turn from the boundary with the growth territory. When the price leaves the area under the embedded line of the price channel (below 0.6597) and consolidates below it, this will resume the downward trend with the target of 0.6435 - this is a low of February 28 and support for the underlying price channel line.

analytics5e607d04df91b.png

On the four-hour chart, below the level of 0.6597, there is support for the MACD line at the level of 0.6569 (coincides with the peak on March 2). Leaving prices below this level will be the market's final choice towards selling.

analytics5e607d1ac46ea.png

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