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*

Weekly review of the GBP/USD pair from April 8 to 13, 2019

Last week, the price, moving up and testing the pullback level of 38.2% - 1.3177 (yellow dotted line), went down. Moreover, moving down on the news, once again reached the support line – 1.3009 (blue thick line). Next week, there may be an upward movement.

Trend analysis (Fig. 1).

In the coming week, the price will move up with the first target at 1.3177 – a pullback level of 38.2% (yellow dotted line).

XIu8iBA4d_vlKuak_i2ph_td53HpX7C23ed-UXex

Fig. 2 (weekly schedule).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Monthly schedule - up.

The conclusion of the complex analysis - upward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price for weeks is more likely to have an upward trend with the presence of the first lower shadow at the weekly white candle (Monday – down) and the second upper shadow (Friday – down).

In the coming week, the price will move up with the first target at 1.3177 – a pullback level of 38.2% (yellow dotted line).

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