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 USD/JPY on October 23, 2020

USD/JPY

The dollar strengthened by 22 points against the yen on Thursday, and the embedded price channel line restrained its growth on the daily chart. Getting the price to settle above this resistance may extend the growth to the MACD line towards the 105.65 area, but the main scenario is still downward.

analytics5f9253dc68436.jpg

The price is completely in a downward trend even after yesterday's growth, which is corrective in nature, since the Marlin oscillator is in no hurry to follow the price. Declining further towards the 103.75 target level is still relevant.

analytics5f9253dfaf955.jpg

An alternative movement - growth is associated with the following difficulties: the first action on the four-hour chart, the price should settle above the 104.94 level. But this exit may turn out to be false if the price cannot overcome the MACD line at 105.33. Furthermore, the price faces resistance at 105.65 - the MACD line on the daily scale, above which it is also necessary to gain a foothold before growing further to 106.18.

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