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*

Fractal analysis of major currency pairs on March 5

Outlook on March 5:

Analytical review of popular currency pairs on the hourly chart:

analytics6041d11c26abe.jpg

The key levels for the EUR/USD pair are 1.2155, 1.2066, 1.2023, 1.1991, 1.1950, 1.1893, 1.1864, 1.1807 and 1.1769. The price has been moving in a downward trend since February 25. So, we expect this trend to resume after the level of 1.1950 is broken. The target is set at 1.1893. Meanwhile, a short-term decline and consolidation are possible in the 1.1893 - 1.1864 range. If the last value breaks down, a strong decline will continue to the target of 1.1807. The final potential downward target is 1.1769. After reaching it, the price may consolidate and pullback upwards.

A short-term growth, in turn, is possible in the range of 1.1991 - 1.2023. If the last value breaks down, a prolonged correction can be expected. The target is set at 1.2066, which is also the key support level.

The main trend is the downward trend from February 25.

Trading recommendations:

Buy: 1.1991 Take profit: 1.2021

Buy: 1.2024 Take profit: 1.2066

Sell: 1.1948 Take profit: 1.1894

Sell: 1.1863 Take profit: 1.1807

analytics6041d126a6d5e.jpg

The key levels for the GBP/USD pair are 1.4085, 1.4042, 1.3987, 1.3937, 1.3839, 1.3767, 1.3689, 1.3640 and 1.3545. The price has been following the development of the bearish trend since February 24. We expect the decline to resume after breaking through the level of 1.3839. In such a case, the target will be set at 1.3768. The price may consolidate around this level. The breakdown of 1.3766 level will lead to a strong decline towards the next target of 1.3689. The price may consolidate in the 1.3689 - 1.3640 range. The ultimate downward target is 1.3545. Once this level is reached, an upward pullback can be expected.

A consolidated movement is possible in the 1.3937 - 1.3987 range. Once the last value breaks down, a deep correction may occur. The target is 1.4042. The key support is in the range of 1.4042 - 1.4085.

The main trend is the downward trend from February 24.

Trading recommendations:

Buy: 1.3988 Take profit: 1.4042

Buy: 1.4043 Take profit: 1.4085

Sell: 1.3839 Take profit: 1.3768

Sell: 1.3765 Take profit: 1.3690

analytics6041d13109676.jpg

The key levels for the USD/CHF pair are 0.9379, 0.9328, 0.9267, 0.9239 and 0.9186. The price has been moving in an upward trend since February 16. In this case, we expect a short-term upward movement in the 0.9302 - 0.9328 range. If the level of 0.9328 breaks down, the growth will continue towards the potential target set at 0.9379. After reaching this level, the price may pull back downwards.

On the other hand, a short-term decline is possible in the range of 0.9267 - 0.9239. Once the last value breaks down, a deep correction will occur. The target is set at 0.9186, which is also the key support level.

The main trend is the upward trend from February 16.

Trading recommendations:

Buy: 0.9302 Take profit: 0.9326

Buy: 0.9330 Take profit: 0.9377

Sell: 0.9266 Take profit: 0.9240

Sell: 0.9237 Take profit: 0.9188

analytics6041d13b85847.jpg

The key levels for the USD/JPY are 109.40, 108.77, 108.56, 107.77, 107.39, 106.86 and 106.56. The price has been moving in a bullish trend since February 23. We expect this trend to continue once the level of 108.56 is reached. The price may consolidate in the 108.56 - 108.77 range. The final potential upward target is 109.40, from which a downward pullback is expected.

Meanwhile, a short-term decline is expected in the 107.77 - 107.39 range. If the level of 107.39 breaks down, a deep correction can be expected. The target is set at 106.86. The key support is in the range of 106.86 - 106.56.

The main trend is the upward trend from February 23.

Trading recommendations:

Buy: 108.78 Take profit: 109.40

Buy: Take profit:

Sell: 107.75 Take profit: 107.40

Sell: 107.37 Take profit: 106.86

analytics6041d144277ed.jpg

The key levels for the USD/CAD pair are 1.2926, 1.2891, 1.2834, 1.2753, 1.2715, 1.2643, 1.2601, 1.2556 and 1.2466. The price is forming a potential for the upward trend from February 25. Now, we expect a short-term growth in the 1.2715 - 1.2753 range. If the last value breaks down, strong growth will follow towards the next target of 1.2834. Its breakdown will lead us to the final potential target of 1.2926. The price may consolidate in the range of 1.2891 - 1.2926.

The price may consolidate in the range of 1.2643 - 1.2601. Once the last value is broken, a deep correction will occur. The target is set at 1.2556, which is also the key support level.

The main trend is the formation of an upward trend from February 25.

Trading recommendations:

Buy: 1.2753 Take profit: 1.2834

Buy: 1.2836 Take profit: 1.2890

Sell: 1.2643 Take profit: 1.2603

Sell: 1.2598 Take profit: 1.2556

analytics6041d14ce88f1.jpg

The key levels for the AUD/USD pair are 0.7884, 0.7819, 0.7744, 0.7695, 0.7648, 0.7576, 0.7498 and 0.7450. The price has been moving in a bearish trend from February 25. Now, we expect a price consolidation in the 0.7744 - 0.7695 range. After that, a short-term decline is likely in the next range of 0.7695 - 0.7648. If the last value breaks down, strong decline will continue to the next target of 0.7576. The final potential downward target is set at 0.7450. After reaching this level, the price may consolidate in the range of 0.7498 - 0.7450, and then pullback upwards.

On the contrary, short-term growth is possible in the range of 0.7819 - 0.7884. If the last value breaks down, the upward trend will continue. In this case, we expect the strong initial conditions for an upward trend to be formed.

The main trend is the formation of a downward trend from February 25, correction stage.

Trading recommendations:

Buy: 0.7822 Take profit: 0.7882

Buy: 0.7895 Take profit: 0.7953

Sell: 0.7695 Take profit: 0.7650

Sell: 0.7647 Take profit: 0.7576

analytics6041d15697f72.jpg

The key levels for the EUR/JPY pair are 130.52, 130.00, 129.63, 128.70, 128.26 and 127.23. The price has been moving in a local upward trend from March 2. Thus, we expect a short-term growth in the range of 129.63 - 130.00. Upon the breakdown of the last value, the upward movement may resume to the potential target of 130.52. A downward pullback can be expected from this level.

The price may consolidate in the range of 128.70 - 128.26, from which a key upward reversal can be expected. If the level of 128.26 breaks down, the downward trend will develop. In this case, the potential target is set at 127.23.

The main trend is the local upward upward trend from March 2.

Trading recommendations:

Buy: 129.63 Take profit: 130.00

Buy: 130.02 Take profit: 130.52

Sell: 128.68 Take profit: 128.27

Sell: 128.24 Take profit: 127.53

analytics6041d16123989.jpg

The key levels for the GBP/JPY pair are 153.25, 152.70, 151.47, 150.72, 149.42, 148.86, 148.12 and 147.39. The price has been moving in an upward trend since February 26. Against this background, we expect a short-term growth in the 150.72 - 151.47 range. If the level of 151.47 breaks down, strong growth will continue towards the next target of 152.70. The ultimate potential upward target is set at 153.25. After reaching it, the price may consolidate and pullback downwards.

In turn, short-term decline is possible in the range of 149.42 - 148.86. Once the last value is broken, a deep correction will occur. The target is set at 148.12, which is also the key support level. The price breaking through it will lead to the development of a downward trend. In such a case, the potential target is 147.39.

The main trend is the upward trend from February 26.

Trading recommendations:

Buy: 150.72 Take profit: 151.45

Buy: 151.55 Take profit: 152.70

Sell: 149.42 Take profit: 148.86

Sell: 148.82 Take profit: 148.12

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