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*

XRPUSD could test $1.60-$1.70 this week.

XRPUSD is in a bullish trend. Price is making higher highs and higher lows. Price so far has respected key support trend lines and has formed a bullish cup pattern that will be activated if price breaks above $1.35.

analytics6134e25bab197.jpg

Black line - support trend line

Red line -cup pattern

Blue line -resistance

XRPUSD if it breaks above the blue resistance line, we should then expect an advance equal to the height of the cup pattern. This could bring price towards $1.60-$1.70 area. The form of the rise from $0.50 looks impulsive and not corrective as it did during the decline from $1.97. This increases the chances that this new upward move will eventually break above $2 and most probably test its all time highs. XRPUSD has support at $1.10. Any pull back towards that level will be considered a buying opportunity. However if price breaks below the black trend line we should expect a deeper pull back towards $0.80 at least.

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