MG Network

our website isComing Soon

In the mean time connect with us with the information provided

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 GBP / USD for September 10, 2020

The pair traded downward on Wednesday and tested the support level 1.2885 (red bold line) and went up, closing the day with a white candle. Today, the price may continue to move up. Economic calendar news for the dollar is expected at 12:30 and 15:00 UTC.

Trend analysis (Fig. 1).

The market may continue to move upward from the level of 1.3002 (closing of yesterday's daily candlestick) with the target of 1.3138 - a 21-day EMA (black thin line). In case of testing this level, the upward trend may continue with the next target of 1.3209 - an 85.4% pullback level (blue dotted line).

analytics5f59cd2b625b2.jpg

Figure: 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today, the price may continue to move upward with the target of 1.3138 - a 21-day EMA (black thin line). In case of testing this level, the upward trend may continue with the next target of 1.3209 - an 85.4% pullback level (blue dotted line).

Another possible scenario is from the level of 1.3002 (closing of yesterday's daily candle), the price may move downward with the target at the support level 1.2885 (red bold line). If this level is reached, the price may begin to move upward.

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