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*

GBP / USD plan for the European session on June 27: The pound remains in the range while traders are waiting for new news

To open long positions on GBP / USD pair, you need:

Pound buyers are required to keep the level of 1.2664 and the formation of a false breakdown, after updating the minimum of yesterday, which will be the first signal to open long positions. The target of GBP/USD buyers is to return to the resistance level of 1.2708, which will lead to the renewal of weekly highs in the area of 1.2756 and 1.2799, where I recommend taking profits. In the case of a further decline in the pound, it is best to return to long positions to rebound from a low of 1.2623.

To open short positions on GBP / USD pair, you need:

Bears will try to break below the support at 1.2664, which will increase the pressure on the pound and lead to a renewal of the lows around 1.2623 and 1.2582, where I recommend taking profits. The bulls form an upward correction in the first half of the day. You can count on sales from the resistance of 1.2708, provided that a false breakdown is formed, or on a rebound from the maximum of 1.2756.

Indicator signals:

Moving averages

Trading is below 30 and 50 moving averages, which indicates a downward correction in the pair.

Bollinger bands

The upward correction will be limited to the upper boundary of the channel in the region of 1.2708, while a breakthrough of the lower boundary in the 1.2664 region will lead to a larger sale of the pound.

analytics5d14653c3e4cc.png

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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