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*

Wave analysis for EUR/USD on May 28, 2021

EUR/USD, H4 time frame:

analytics60b08891b198e.jpg

The current structure of the EUR/USD pair indicates that a large correction wave 4 may be forming in the market, which consists of sub-waves [W]-[X]-[Y]-[X]-[Z].

It should be noted that the second wave of the bundle [X] was completed recently, after which we saw the beginning of a new descending wave. It is likely that the first part of this wave, i.e. sub-waves 1 and 2, is now being formed.

Now, let's closely look at the situation on the hourly time frame.

EUR/USD, H1 time frame:

analytics60b0889cb610d.jpg

The current structure of the EUR/USD pair indicates that a large correction wave 4 may be forming in the market, which consist of sub-waves [W]-[X]-[Y]-[X]-[Z].

It should be noted that the second wave of the bundle [X] was completed recently, after which we saw the beginning of a new descending wave. It is likely that the first part of this wave, i.e. sub-waves 1 and 2, is now being formed.

Now, let's closely look at the situation on the hourly time frame.

EUR/USD, H1 time frame:

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