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*

Forecast for GBP/USD on on March 6, 2020

GBP/USD

The pound rose 83 points on Thursday and entered the uncertainty zone, limited by Fibonacci levels of 100.0-76.4% on the daily chart. This range is indicated by a gray rectangle. The graph shows that the price in it has unpredictably moved since December 23. Purely technical, the price shows an intention to work out the upper limit of the range or to even slightly move above it, having worked out the resistance of the MACD line in the price area of 1.3080. The signal line of the Marlin oscillator looks stable in the positive trend zone. The growth of the pair looks predominant.

analytics5e61c9e09fdd5.png

The indicators have not created reversal patterns on the H4 chart by the current moment, the only sign of a correction or reversal that can develop and work out is the appearance of a reversal of the signal line of the Marlin oscillator in the overbought zone.

analytics5e61c9f668cbc.png

The impetus for such a reversal might come from today's data on labor in the United States. Non-Farm Employment Change is projected at 175 thousand and wage growth of 0.3%, which is in force to send the pound in a downward correction. The purpose of the decline: 1.2880 - support for the MACD line on H4, 1.2843 - Fibonacci level of 110.0%, 1.2760 - Fibonacci level of 123.6%, but this is the intention to continue to fall in the medium term.

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