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*

AUD/USD continues to test major resistance, remain bearish

The price continues to test major resistance at 0.8018 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect a drop from this level to push the price down to at least 0.7817 support (Fibonacci retracement, horizontal swing low support).

RSI (34) sees ascending support as more intermediate support and only a break of this level would trigger a very bearish move. We can also see bearish divergence vs price signaling that a reversal is impending.

Sell below 0.8018. Stop loss at 0.8116. Take profit at 0.7817.

analytics5a66bcc74fc0b.png

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