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*

Technical analysis for EUR/USD and GBP/USD on September 25

EUR / USD

The euro marked a new daily low yesterday, but we can say that there has been a slowdown at the end of the day, and now it is possible to develop an upward correction. Currently, the main pivot points for the bulls can be noted in the areas of 1.1740-64 (daily Tenkan + upper limit of the daily cloud + lower limit of the monthly cloud) and 1.1820-30 (daily Kijun + weekly Tenkan). If the downturn continues, the support zone has not changed its location and is still waiting for the Euro at 1.1567 (lower limit of the daily cloud) -1.1521 (weekly Fibo Kijun) - 1.1486 (monthly Fibo Kijun).

In the smaller time frames, the pair is in the correction zone. The bulls are now working above the central pivot level (1.1660). The main pivot point for the current correction is the weekly long-term trend (1.1733), while the nearest resistances can be noted at 1.1694 (R1) and 1.1721 (R2). Now, the bulls will change the balance of power in the lower halves in their favor and achieve support for the daily short-term, since they already consolidated above 1.1733, deployed moving averages and broke through the resistance of the higher time frames (1.1740-64) strengthening this area. At the end of the upward correction and exit from its zone (1.1626), the support of the classic pivot levels S2 (1.1599) and S3 (1.1572) will play the role of downward targets within the day.

GBP / USD

The decline continues in the zone of attraction and supports at 1.2111-77 (weekly Kijun + monthly Fibo Kijun + the lower limit of the daily cloud). Today, we are closing the trading week. According to the result, it will be possible to judge the likely formation of a rebound from the weekly short-term trend and the lower limit of the daily cloud. Now, the nearest pivot points for the development of an upward correction are the daily Tenkan (1.2840) and the weekly Fibo Kijun (1.2943). If the downward trend (1.2674) recovers, the main downside interest will be directed to the liquidation of the weekly gold cross, the last line of which is the support level at 1.2612.

Implementing an upward correction, the bulls are fighting for the key levels of the smaller time frames, which are located today at 1.2737 (central pivot level) and 1.2796 (weekly long-term trend). A consolidation above and a reversal of moving averages will lead to a change in the balance of power in the lower TFs, which means that it will be possible to focus on the pivot points of the upper time frames. On the other hand, the resistances of the classic pivot levels are now located at R2 (1.2828) and R3 (1.2877). The loss of the central pivot level (1.2737) and the restoration of the downward trend (1.2674) will return the relevance to the supports of the classic pivot levels - S2 (1.2646) and S3 (1.2604).

Ichimoku Kinko Hyo (9.26.52), Pivot Points (Classical), Moving Average (120)

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