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 12

Outlook on March 12:

Analytical review of popular currency pairs on the hourly chart:

analytics604b0d75a3378.jpg

The key levels for the EUR/USD pair are 1.2155, 1.2107, 1.2047, 1.2000, 1.1948, 1.1915, 1.1873 and 1.1836. The price has been moving in an upward trend since March 9. So, we expect this trend to continue after the level of 1.2000 is broken. The target is set at 1.2047. The price may consolidate closer to this level. If the level of 1.2050 breaks down, strong growth will resume to the next target of 1.2107. Another price consolidation can be expected around it. The final potential upward target is 1.2155. After reaching this level, the price may pull back downwards.

A short-term decline, in turn, is likely in the 1.1948 - 1.1915 range. If the last value breaks down, a prolonged correction will occur. The target is set at 1.1873, which is also the key support level.

The main trend is the upward trend from March 9.

Trading recommendations:

Buy: 1.2000 Take profit: 1.2045

Buy: 1.2050 Take profit: 1.2107

Sell: 1.1946 Take profit: 1.1918

Sell: 1.1913 Take profit: 1.1877

analytics604b0d811d93b.jpg

The key levels for the GBP/USD pair are 1.4161, 1.4129, 1.4085, 1.4019, 1.3941, 1.3904 and 1.3854. The price has been rising since March 5. In this case, we expect this growth to continue upon the breakdown of 1.4019. The target is set at 1.4085. The price may consolidate around this level. If the specified target is broken, the movement will extend towards a potential target of 1.4161. Once this level is reached, a consolidated movement and downward pullback can be expected.

On the other hand, short-term decline is possible in the range of 1.3941 - 1.3904. If the level of 1.3904 breaks down, a deep correction can be expected. The target is set at 1.3854, which is also the key support level.

The main trend is the upward trend from March 5.

Trading recommendations:

Buy: 1.4020 Take profit: 1.4085

Buy: 1.4087 Take profit: 1.4129

Sell: 1.3940 Take profit: 1.3906

Sell: 1.3902 Take profit: 1.3860

analytics604b0d8c5adbb.jpg

The key levels for the USD/CHF pair are 0.9379, 0.9310, 0.9272, 0.9230, 0.9206, 0.9159, 0.9127 and 0.9059. The price has been moving in a bearish trend since March 9. Therefore, we expect this trend to continue after the price breaks through the 0.9230 - 0.9206. The target is set at 0.9159. On the other hand, a short-term decline and consolidation are seen in the range of 0.9159 - 0.9127. The ultimate potential downward target is 0.9059. After reaching it, an upward pullback is possible.

In contrast, a short-term growth can be expected in the 0.9274 - 0.9310 range. If the level of 0.9310 is broken, a potential for an upward trend will be formed. The first target is set at 0.9379.

The main trend is the formation of a downward trend from March 9.

Trading recommendations:

Buy: 0.9274 Take profit: 0.9310

Buy: 0.9312 Take profit: 0.9377

Sell: 0.9206 Take profit: 0.9164

Sell: 0.9158 Take profit: 0.9128

analytics604b0d9e536f4.jpg

The key levels for the USD/JPY are 109.97, 109.40, 108.56, 108.04 and 107.39. The price has been moving in an upward trend since February 23. Therefore, we expect a short-term growth in the range of 109.40 - 109.97, from which a pullback into a correction is possible.

On the other hand, a short-term decline can be expected in the 108.56 - 108.04 range. If the level of 108.04 breaks down, a deep correction will occur. The target is set at 107.39, which is also the key support level.

The main trend is the upward trend from February 23, correction is expected.

Trading recommendations:

Buy: 109.40 Take profit: 109.95

Buy: Take profit:

Sell: 108.54 Take profit: 108.06

Sell: 108.02 Take profit: 107.40

analytics604b0da8cf02e.jpg

The key levels for the USD/CAD pair are 1.2662, 1.2601, 1.2562, 1.2505, 1.2456, 1.2430 and 1.2388. The price has been moving in a downward trend since March 5. In this context, we expect the decline to continue after the level of 1.2505 is broken. The target is set at 1.2456. After that, a short-term decline, with consolidation will be possible in the 1.2456 - 1.2430 range. The final potential downward target is set at 1.2388. After reaching it, an upward pullback is possible.

A short-term growth, in turn, is possible in the 1.2562 - 1.2601 range. If the level of 1.2601 breaks down, a deep correction will occur. The target is set at 1.2662, which is also the key support level.

The main trend is the downward trend from March 5.

Trading recommendations:

Buy: 1.2562 Take profit: 1.2600

Buy: 1.2603 Take profit: 1.2660

Sell: 1.2505 Take profit: 1.2456

Sell: 1.2430 Take profit: 1.2388

analytics604b0db3cf13c.jpg

The key levels for the AUD/USD pair are 0.7884, 0.7814, 0.7696, 0.7646, 0.7576, 0.7498, 0.7450 and 0.7352. The price has been moving in a downward trend since February 25. In view of this, a short-term decline can be expected in the range of 0.7696 - 0.7646. Once the last value is broken, a strong decline will continue towards the first target of 0.7576. The price may consolidate around this level. If the first target breaks down, the movement will continue to the next target of 0.7498. After that, a short-term decline and consolidation is possible in the 0.7498 - 0.7450 range. The ultimate potential downward target is set at 0.7352. After reaching this level, the price may pullback upwards.

The price breaking through the key support level of 0.7814 will lead to the formation of an upward trend. The potential target is set at 0.7884.

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

Trading recommendations:

Buy: 0.7814 Take profit: 0.7882

Buy: Take profit:

Sell: 0.7695 Take profit: 0.7648

Sell: 0.7644 Take profit: 0.7576

analytics604b0dc05163d.jpg

The key levels for the EUR/JPY pair are 131.19, 130.78, 130.57, 130.18, 129.89, 129.40, 129.11 and 128.75. The price has been moving in a bullish trend since March 2. In this case, we expect it to make a short-term growth in the range of 129.89 - 130.18. If the last level breaks down, strong growth will continue towards the target of 130.57. This can be followed by a short-term growth and consolidation in the range of 130.57 - 130.78. The final upward target is set at 131.19, from which a downward pullback may occur.

Alternatively, a short-term decline is possible in the 129.40 - 129.11 range, from which a key upward reversal is expected. If the level of 129.11 breaks down, a deep correction will occur. The target is set at 128.75, which is also the key support level.

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

Trading recommendations:

Buy: 130.20 Take profit: 130.56

Buy: 130.78 Take profit: 131.19

Sell: 129.40 Take profit: 129.14

Sell: 129.09 Take profit: 128.78

analytics604b0dce04434.jpg

The key levels for the GBP/JPY pair are 154.15, 153.25, 152.70, 151.26, 150.59, 149.86 and 148.86. The price has been moving in an upward trend since February 26. We currently expect it to reach the 152.70 mark. This can be followed by a short-term growth in the range of 152.70 - 153.25. The final upward target is set at 154.15. Once this level is reached, a downward pullback is possible.

A price correction can be expected after the level of 151.26 is broken. The target is set at 150.59. After that, the price may consolidate in the 150.59 - 149.86 range. If the last value breaks down, the downward trend will develop. The potential target is seen at 148.86.

The main trend is the upward trend from February 26.

Trading recommendations:

Buy: 152.70 Take profit: 153.25

Buy: 153.27 Take profit: 154.15

Sell: 151.25 Take profit: 150.62

Sell: 150.57 Take profit: 149.90

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