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*

Indicator analysis. Daily review of GBP / USD pair for June 7, 2018

On Thursday, there is no expected strong calendar news and the market will work on technical analysis.

Trend analysis (Figure 1).

On Wednesday, the price continued to move up. The market moved upward to test, but it could not overcome 21 average EMA, The market moved upward to test, but could not overcome the 21-day EMA. Therefore on Thursday, there could be a second attempt to work upward. A complex analysis will more accurately determine where the price will go next.

gbpusd-d1-instaforex-group.png

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - down;

- candle analysis - down;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

On Thursday, it is possible for the GBP / USD pair to move up towards the first target 1.3462 with a recoil level of 23.6% (yellow dotted line).

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