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 February 5, 2021

USD/JPY

Yesterday, the dollar rallied and overcame the resistance of the embedded line of the price channel of the higher timeframe, slightly overlapping with the 105.40 target. After being able to settle above the level, the price will move to the target range of 106.50/65, which is set by the lows of July 10, 2020 and October 3, 2019. But the price may initially correct to the downside, as warned by the Marlin oscillator, which is already unfolding from the top that was reached.

analytics601cae8e039f2.jpg

Consider the perspective of the correction on the four-hour chart. Support is provided by the MACD line at 104.80. The price may not reach it, as well as the beginning divergence of the price with the Marlin oscillator may come out crumpled and weak. In this case, the price will reverse from the accumulation range of February 1-3 (marked with a gray area).

analytics601cae9a82035.jpg

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