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 March 21, 2016

The pair is currently working out a strong intraday bullish bias on the H1 chart, as it has been trading above the support level of 1.4423, which remains stable as a strong demand zone in a short-term basis. However, a bullish formation can be seen below the 1.4490 level and a breakout above it will produce a rally towards the 1.4555 level. The MACD indicator is at negative territory.

GBPUSDH1.png

H1 chart's resistance levels: 1.4490 / 1.4555

H1 chart's support levels: 1.4423 / 1.4354

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4490, take profit is at 1.4555 and stop loss is at 1.4423.

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