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*

Simplified wave analysis and forecast for EUR/USD, AUD/USD, GBP/JPY on March 12

EUR/USD

Analysis:

The direction of the price fluctuations of the European currency in recent months is set by the downward wave of January 6. Its structure looks complete. The ascending section from March 9 at the time of analysis does not go beyond the correction of the last part (C), however, it may be the beginning of a counter wave.

Forecast:

Most of the current day, the price is likely to move sideways. In the European session, after a possible attempt to put pressure on the resistance zone, a decline to the support zone is expected. By the end of the day, the probability of activation and re-attempt of growth increases.

Potential reversal zones

Resistance:

- 1.1980/1.2010

Support:

- 1.1920/1.1890

Recommendations:

Until the end of the current correction wave, trading on the euro market can be risky. Transactions should be carried out only within the framework of trading sessions with a fractional lot, according to the expected sequence.

analytics604b0afb6c08b.jpg

AUD/USD

Analysis:

As part of the dominant upward momentum in the Australian dollar market, a counter-movement has been developing since February 25. Its wave level does not yet exceed the size of the correction of the last section of the trend. In the structure of this wave, the zigzag of the middle part (B) is nearing completion.

Forecast:

Today, we expect the end of the current upward mood, a reversal, and a decline in the price to the support area. By the end of the day, the pair's volatility may sharply increase.

Potential reversal zones

Resistance:

- 0.7790/0.7820

Support:

- 0.7720/0.7690

Recommendations:

In the current flat conditions, it is reasonable to trade on the Aussie market with a reduced lot, without going beyond the trading sessions.

analytics604b0b0b84d37.jpg

GBP/JPY

Analysis:

The upward trend led the pound/yen cross quotes to the area of a strong large-scale reversal zone. The width of the zone exceeds two price figures. There are no signals of an imminent reversal on the chart yet.

Forecast:

In the current day, the general upward mood of the movement is expected to continue. In the European session, a short-term decline is possible, no further than the support zone. An increase in activity is likely at the end of the day or the beginning of the next trading week.

Potential reversal zones

Resistance:

- 152.50/152.80

Support:

- 151.40/151.10

Recommendations:

Before the appearance of clear reversal signals, selling on the pair's market is very risky. It is recommended to track buy signals at the end of all counter-movements.

analytics604b0b14156d4.jpg

Explanation: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted line shows the expected movements.

Attention: The wave algorithm does not take into account the duration of the tool movements in time!

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