MG Network

our website isOn Vacation

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 GBP/USD on August 12, 2020

GBP/USD

The British pound managed to work with the 50.0% Fibonacci level on the daily chart yesterday, after which it fell to the 61.8% level reached today in the Asian session. Now the pound is faced with the task of working with the 76.4% Fibonacci level at the price of 1.2912, after which, consolidating below it, goes to 100.0% at 1.2727. The Marlin oscillator falls down a steep trajectory on a daily basis, which indicates a potential increasing rate of the currency.

analytics5f336b15a6539.jpg

The price reversed from the point where the MACD line coincided with the 50.0% Fibonacci level on the four-hour chart. At the moment, the price is trying to overcome the support of the 61.8% Fibonacci level. The Marlin oscillator is in the bearish zone, which increases the chances of the pound in overcoming this support. Consolidating under it opens the way to 1.2912.

analytics5f336b28a7744.jpg

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