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 major pairs for February 19, 2016

EUR/USD: The gradual weakness in the EUR/USD pair has finally led to an invalidation of the recent bullish bias. The price is below the EMA 11, which is below the EMA 56. The Williams' % Range period 20 has long been around the oversold territory. The support lines at 1.1050 and 1.1000 stand a chance of being tested.

1.png

USD/CHF: There is a bullish signal indication in this market, because the price has moved upwards by 180 pips this week, pushing against the resistance level of 0.9950. The EMA 11 has crossed the EMA 56 to the upside and the Williams' % Range period 20 is in the overbought region. The bullish signal would become more conspicuous as the price goes further north.

2.png

GBP/USD: This pair has faced strong opposition at the accumulation territory of 1.4250, and there is a lot of trading activity around that accumulation territory. This is because bulls are making desperate attempts to push the price upwards, which is not an easy thing, given the current Bearish Confirmation Pattern in the chart. Unless bears fail to push the price below the accumulation territory of 1.4250, it is better to seek short trades here.

3.png

USD/JPY: This currency trading instrument has been moving sideways from Monday till now. But a closer look at the market reveals that bears are gaining strength again, while the bias remains bearish on the market. There is a possibility that the price could test the demand levels of 112.50 and 112.00 today or next week.

4.png

EUR/JPY: From a high reached on February 16, 2016, the EUR/JPY pair has come down by 200 pips, testing the demand zone of 126.00. There is a a high probability that this demand will be breached to the downside, owing to the bearish outlook for the market. In case the price goes further south, the next target would be the demand zone at 125.00.

5.png

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