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*

Fractal analysis for major currency pairs as of May 9

Dear colleagues.

For the EUR / USD pair, we expect the movement towards correction after the breakdown of 1.1902. For the GBP / USD pair, we expect a correction after the breakdown of 1.3614. For the USD / CHF pair, the continuation to the bottom is expected after the breakdown of 0.9976. For the USD / JPY pair, the level of 109.57 is the key support for the downward structure from May 2. For the EUR / JPY pair, the continuation of the main downward trend from April 24 is expected after the breakdown of 129.70. For the GBP / JPY pair, the continuation of the development of the main downward trend from April 26 is expected after the breakdown of 146.85. The movement to the top is considered as a correction.

The forecast for May 9:

Analytical review of currency pairs in the scale of H1:

analytics5af2693d008d3.png

For the EUR / USD pair, the key levels on the scale of H1 are: 1.2013, 1.1987, 1.1936, 1.1902 and 1.1844. Here, we follow the downward structure from April 17 and at the moment, the price is near the limit values and we expect a correction. Short-term upward movement is possible in the area of 1.1902 - 1.1936. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.1987. The range of 1.1987 - 1.2013 is noise. Upon reaching this level, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle from April 17. We expect a correction.

Trading recommendations:

Buy: 1.1902 Take profit: 1.1934

Buy 1.1938 Take profit: 1.1985

Sell: Take profit:

Sell: Take profit:

analytics5af26950ef0ee.png

For the GBP / USD pair, the key levels on the scale of H1 are 1.3847, 1.3752, 1.3684, 1.3614, 1.3614 and 1.3482. Here, we expect a move towards correction. The movement to the top is expected after the breakdown of 1.3614. In this case, the target is 1.3684. Short-term upward movement is possible in the area of 1.3684 - 1.3752. The breakdown of the last value will lead to movement. Here, the target is 1.3847. Upon reaching this level, the formulation of potential initial conditions for the top is possible.

For the downward movement, we have not yet determined the subsequent goals.

The main trend is a downward structure from April 17. We expect a correction.

Trading recommendations:

Buy: 1.3616 Take profit: 1.3682

Buy: 1.3684 Take profit: 1.3750

Sell: Take profit:

Sell: Take profit:

analytics5af2695d89fa2.png

For the USD / CHF pair, the key levels in the scale of H1 are: 1.0025, 0.9976, 0.9939, 0.9910, 0.9874 and 0.9854. Here, we follow the upward structure of April 10 and currently, we expect a correction. For the potential value for the top, consider the level of 1.0025. The movement towards this level is expected after the breakdown of 0.9976.

Short-term downward movement is possible in the area of 0.9939 - 0.9910. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.9874. The range of 0.9874 - 0.9854 is noise.

The main trend is the upward structure from April 10. We expect a correction.

Trading recommendations:

Buy: 0.9978 Take profit: 1.0025

Buy: Take profit:

Sell: 0.9939 Take profit: 0.9912

Sell: 0.9908 Take profit: 0.9876

analytics5af26969db2ee.png

For the USD / JPY pair, the key levels on a scale are: 109.96, 109.57, 109.35, 108.91, 108.70, 108.54, 108.17 and 107.88. Here, the price forms the initial conditions for the downward cycle from May 2. The continuation of the movement towards the bottom is expected after the breakdown of 108.91. In this case, the target is 108.70. In the area of 108.70 - 108.54 is the consolidation of the price. The breakdown of the level of 108.54 should be accompanied by a pronounced downward movement. Here, the target is 108.17. Near this level is the consolidation of the price. For the potential value for the bottom, consider the level of 107.88. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possible in the area of 109.35 - 109.57. The breakdown of the last value will lead to the development of an upward structure. In this case, the target is 109.96.

The main trend is the formation of initial conditions for the downward cycle of May 2.

Trading recommendations:

Buy: 109.60 Take profit: 109.92

Buy: Take profit:

Sell: 108.90 Take profit: 108.72

Sell: 108.52 Take profit: 108.20

analytics5af26976c600f.png

For the CAD / USD pair, the key levels on the H1 scale are: 1.3062, 1.3024, 1.3006, 1.2982, 1.2939, 1.2919 and 1.2887. Here, we continue to follow the upward structure of April 17. The continuation of the movement towards the top is expected after the breakdown of 1.2982. In this case, the target is 1.3006. In the area of 1.3006 - 1.3024 is the consolidation of the price. For the potential value for the top, consider the level of 1.3062. Upon reaching this level, we expect a rollback to correction.

Short-term downward movement is possible in the area of 1.2939 - 1.2919. The breakdown of the last value will lead to in-depth correction. Here, the target is 1.2887. This level is the key support for the top of April 17.

The main trend is the upward structure of April 17.

Trading recommendations:

Buy: 1.2982 Take profit: 1.3006

Buy: 1.3026 Take profit: 1.3060

Sell: 1.2937 Take profit: 1.2922

Sell: 1.2915 Take profit: 1.2890

analytics5af269828a3b5.png

For the AUD / USD pair, the key H1 scale levels are: 0.7514, 0.7483, 0.7463, 0.7424, 0.7402, 0.7334 and 0.7302. Here, we follow the local downward structure of May 4. Short-term downward movement is expected in the area of 0.7424 - 0.7402. The breakdown of the last value should be accompanied by a pronounced downward movement. Here, the target is 0.7334. For the potential value for the bottom, consider the level of 0.7302. Upon reaching this level, we expect a pullback to the top.

Short-term upward movement is possible in the area of 0.7463 - 0.7483. The breakdown of the last value will lead to in-depth correction. Here, the target is 0.7514. This level is the key support for the downward structure.

The main trend is a local structure for the bottom of May 4.

Trading recommendations:

Buy: 0.7463 Take profit: 0.7480

Buy: 0.7485 Take profit: 0.7512

Sell: 0.7422 Take profit: 0.7405

Sell: 0.7400 Take profit: 0.7340

analytics5af2698dc633c.png

For the of EUR / JPY pair, the key levels on the scale of H1 are: 131.64, 131.16, 130.62, 130.32, 129.70, 129.37, 128.91 and 128.62. Here, we follow the downward structure of April 24. Short-term downward movement is possible in the area of 129.70 - 129.37. The breakdown of the last value should be accompanied by a pronounced movement towards the level of 128.91. In the area of 128.91 - 128.62 is the consolidation of the price and from here, we expect a rollback into the correction.

Short-term upward movement is possible in the area of 130.32 - 130.62. The breakdown of the last value will lead to in-depth correction. Here, the target is 131.16. This level is the key support for the downward structure. Its breakdown will lead to the formation an upward structure. Here, the potential target is 131.64.

The main trend is the downward structure of April 24.

Trading recommendations:

Buy: 130.32 Take profit: 130.60

Buy: 130.66 Take profit: 131.16

Sell: 129.70 Take profit: 129.40

Sell: 129.33 Take profit: 128.95

analytics5af2699965afe.png

For the GBP / JPY pair, the key levels on the scale of H1 are: 149.81, 149.18, 148.67, 147.63, 146.88, 147.75 and 145.12. Here, we follow the local top-down structure on April 26. The continuation of the movement towards the bottom is expected after the breakdown of 147.63. In this case, the target is 146.88. Near this level is the consolidation of the price. The breakdown of 146.85 should be accompanied by a pronounced downward movement. Here, the target is 145.75. For the potential value for the bottom, consider the level of 145.12. From this level, we expect a rollback towards correction.

Short-term upward movement is possible in the area of 148.67 - 149.18. The breakdown of the last value will lead to in-depth correction. Here, the target is 149.81.

The main trend is the local downward structure of April 26.

Trading recommendations:

Buy: 148.67 Take profit: 149.15

Buy: 149.22 Take profit: 149.75

Sell: 147.60 Take profit: 146.95

Sell: 146.85 Take profit: 145.90

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