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 EUR / USD for August 3, 2020

The pair traded upward on Friday and tested the historical resistance level 1.1910 (blue dotted line) then the price went down. Today the price may continue to move down. Economic calendar news for the euro is expected at 07:55 UTC, and for the dollar at 14:00 UTC.

Trend analysis (Fig. 1).

The market may continue to move downward from the level of 1.1781 (closing of the Friday's daily candle) with the target at the support line 1.1723 (black bold line). If this level is reached, the downward movement may continue with the next target at 1.1656 - a 23.6% pullback level (red dashed line).

analytics5f27a5ffbd840.jpg

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - down.

General conclusion:

Today the price may move downward aiming at the support line 1.1723 (black thick line). If this level is reached, the downward movement may continue with the next target of 1.1656 - a 23.6% pullback level (red dashed line).

Another possible scenario is upon reaching the support line 1.1723 (black bold line), the price may resume moving upward with the target at the upper fractal 1.1910 (red dotted line).

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