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*

Technical analysis of NZD/USD for January 9, 2017

NZD/USD is trading above critical medium- to long-term support of 0.69. NZD/USD is trading inside an upward sloping channel and there are a lot of chances to see a strong bounce targeting levels above 0.76, but confirmation will come on a break above 0.72.

analytics587351b6c01ea.png

NZD/USD is trading above the Ichimoku cloud in the short term and making higher highs and higher lows. Price is bouncing off the cloud support. Resistance is at 0.7030-0.7040. Support is at 0.6930-0.6920.

analytics587351f92648c.png

Red lines - upward sloping channel

Price is trading above the weekly Ichimoku cloud and above the lower channel boundary. A bounce is justified at current levels and as long as price is trading inside the bullish channel. A break above 0.7170-0.72 will confirm my bullish scenario and increase chances of reaching 0.76 and higher. Our target will be the upper channel boundary.

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