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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



USD/CAD ignores all upside obstacles


USD/CAD registered amazing growth after jumping above 1.2606 high, an upside obstacle. Now it is located at 1.2808 after ignoring the higher high of 1.2775 which was seen as a potential target and as a resistance level.

Technically, USD/CAD could decline a little after the current upwards movement. It could come back to test and retest the 1.2775 level, a former high, before resuming its growth.

Trading conclusion

Jumping above 1.2775 signals further growth, an upside continuation. A temporary decline could help us to catch a new upside momentum. 1.2850 and 1.2900 psychological levels are seen as upside targets.

A break above 1.2775 followed by a minor sideways movement, or consolidation, is seen as a buying opportunity.

The material has been provided by InstaForex Company -