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*

Control zones for AUDUSD on 08/24/20

Last week's close was below the WCZ 1/2 0.7178-0.7178, indicating a change in priority. Sales come to the fore. Growth should be used to search for a sell pattern. The main resistance will be the WCZ 1/2 0.7236-0.7227.

analytics5f4342325d40e.jpg

The target of the bearish pattern is the weekly control zone of 0.7097-0.7079. Reaching this zone will allow you to cover a large part of sales.

A weekly absorption pattern was formed on the higher timeframe. This can be a starting point in forming a corrective downward movement of the monthly level. The end of August is more likely to take place under the dictation of sellers.

analytics5f4342354026c.jpg

Daily CZ - daily control zone. The area formed by important data from the futures market, which changes several times a year.

Weekly CZ - weekly control zone. The zone formed by important marks of the futures market, which changes several times a year.

Monthly CZ - monthly control zone. The zone, which is a reflection of the average volatility over the past year.

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