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 November 14, 2016

EUR/USD: The EUR/USD began trending downwards on November 7, but this was seriously interrupted on Wednesday. However, the bearish journey resumed that day, and the market went down by 240 pips overall. The support line at 1.0850 is being besieged, and it might be breached to the downside. On the other hand, there are chances that the EUR/USD would rally this week, especially when the USD/CHF pulls back significantly.

1.png

USD/CHF: This pair traded sideways on Monday and Tuesday, pulled back significantly on Wednesday and rallied massively the same day. Price was able to close above the support level at 0.9850, going towards the resistance levels at 0.9900 and 1.0000. The resistance level at 1.0000 is a great psychological level – it would be difficult to breach it to the upside.

2.png

GBP/USD: This market consolidated from Monday till Thursday and trended higher on Friday. The bias remains bullish in the short-term and bearish in the long-term. The outlook on the GBP/USD (and some GBP pairs) is bullish for this week. Further movement of about 500 pips to the upside would also result in a bullish signal in the daily chart.

3.png

USD/JPY: The USD/JPY is already in a bullish mode, as forecasted last week. Price consolidated on Friday and closed above the demand level at 106.50. The next target for bulls are located at the supply levels of 107.00, 107.50 and 108.00. The outlook for most JPY pairs is bullish for this week, and therefore, further bullish journey is anticipated.

4.png

EUR/JPY: Unlike the USD/JPY, this currency trading instrument did not move upwards significantly last week. The market environment is quite choppy, and the possibility of a bullish movement this week would depend on the condition surrounding the Euro. In case price goes upwards, the supply zones at 116.00, 116.50, and 117.00 could be targeted.

5.png

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