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 on EUR / USD for February 4, 2020

Trend analysis (Fig. 1).

An upward movement is possible today with the first goal of 1.1098, the upper fractal in a red dashed line. Upon reaching this level, there is a continuation of work upward with the goal of 1.1117, the pullback level of 50.0% presented in a blue dashed line.

analytics5e390a5921ecf.png

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion:

An upward movement is expected today with the first target 1.1098, the upper fractal in a red dashed line.

An unlikely but possible scenario is from a retracement level of 38.2% equivalent to 1.1058, presented in a red dashed line, the price will go down to 1.1033, the retracement level of 61.8% presented in a red dashed line.

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