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*

Daily analysis of GBP/USD for January 26, 2016

GBP/USD has been trading into a slow tone below the 200 SMA at H1 chart where a dynamic resistance can be found. The area around the 1.4309 level is still offering some opportunities for sellers on an intraday basis, as the cable seems to have ended the correction in the upside. A breakout below the 1.4198 level will confirm that scenario. MACD indicator is entering at neutral territory.

GBPUSDH1.png

H1 chart's resistance levels: 1.4309 / 1.4373

H1 chart's support levels: 1.4198 / 1.4080

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4198, take profit is at 1.4080, and stop loss is at 1.4309.

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