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*

Wave analysis of EUR / USD for April 15. News background is zero and it can help the euro currency

analytics5cb4382f83d75.png

Wave counting analysis:

On Friday, April 12, bidding ended for the pair EUR / USD by 70 bp increase. Market activity has increased slightly, and the current wave counting remains unchanged. It involves the construction of an upward wave c, since at least wave 5 has not been updated. Thus, I still expect the tool to increase. The news background remains neutral, therefore, neither the euro nor the dollar now has additional support. Today, I do not expect news from America or the European Union. Thus, there are no visible reasons preventing the continuation of the construction of the ascending wave. I recommend to return to the pair sales after a successful break through attempt to the minimum of wave 5 or after receiving a signal of the end of the current wave c.

Sales targets:

1.1177 - 100.0% Fibonacci

Purchase goals:

1.1448 - 100.0% Fibonacci

1.1476 - 76.4% on the highest Fibonacci grid.

General conclusions and trading recommendations:

The pair presumably continues to build a wave. Thus, the trading strategy remains the same. I recommend buying a pair with targets located near the estimated levels of 1.1448 and 1.1476, which corresponds to 100.0% and 76.4% Fibonacci. The tool does not give reasons for sales.

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