MG Network

our website isOn Vacation

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 reaches our first target

XRPUSD during the weekend reached our $1.23 target that we had once price broke above $1,09-$1.12 short-term resistance. Price is making higher highs and higher lows and it seems that bulls are in control of the short-term trend. However there is more work to be done by bulls in order to solidify their control.

analytics61644f2273c86.jpg

Black lines - Fibonacci retracements

Green lines- support trend line

In our last XRPUSD analysis we mentioned that our target would be at $1.23 if price were to break above $1.12. This would provide a bullish signal. Price continues to respect the upward sloping green line. Price has reached the 61.8% Fibonacci retracement of the entire decline. This is important resistance. Breaking above $1.23 and staying above this level is key for the continuation of the up trend.

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