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*

Simplified wave analysis of GBP / JPY pair for the week of January 31

Large-scale graph:

The dominant direction of the cross from February of last year was set by the descending wave. By now, its structure has been completed. The calculated goal of the decline and the proportions of all parts have been achieved.

bDvrmS_4NB1GHFGDYnZ1WernRy8dqGlEQeSWRq-l

Medium-scale graph:

The bullish wave from January 3 only formally refers to the H1 scale. Its high wave level in the near future will transfer all movement to a larger scale.

vLyrVELLsEcDRim3FuQYxc7o5nVXFykvRuQJ3u7X

Small-scale graph:

From January 25, the price will drop, forming a downward wave of small scale. In the design of a larger TF area completes the hidden correction.

Forecast and recommendations:

The period of active price rise was replaced by a corrective decline. Sales in such conditions are risky. It is recommended in the area of settlement support to track the signals of purchase of the instrument.

Resistance zones:

- 144.00 / 144.50

Support areas:

- 140.80 / 140.30

Explanations of the figures:

The simplified wave analysis uses waves consisting of 3 parts (A – B – C). Three consecutive graphs are used for analysis. Each of these analyzes the last incomplete wave. Zones show calculated areas with the highest probability of reversal. The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure and the dotted exhibits the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!

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