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 GBP / USD for June 9, 2020

The pair traded upwards on Monday and re-tested the upper fractal 1.2648. Today, the price may begin to move downward. Economic calendar news for the dollar is expected at 14:00 UTC.

Trend analysis (Fig. 1).

Today, a downward pullback is possible from the level of 1.2724 (closing of yesterday's candle) with the first target of 1.2657 - a 14.6% retracement level (presented in a red dashed line). If this level is reached, the downward movement may continue with the next target of 1.2596 - a 23.6% retracement level (presented in a red dashed line).

analytics5edf348a4dbec.jpg

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price may begin to move downward with the target of 1.2657 - a 14.6% retracement level (presented in a red dotted line). If this level is reached, the downward movement may continue with the next target of 1.2596 - a 23.6% retracement level (presented in a red dashed line). Upon reaching this level, an upward pullback is possible.

Another possible scenario is an upward trend from 1.2657 - a 14.6% pullback level (presented in a red dashed line) with the target at the upper fractal 1.2756 (presented in a red dashed line).

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