MG Network

our website isOn Vacation

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 of the EUR/USD pair for July 19, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.1805 (closing of last Friday's daily candlestick) may start moving upward with the target at 1.1843 - the retracement level of 14.6% (blue dotted line). Once this level is tested, the upward movement may continue with the target at 1.1888 - the 23.6% retracement level (blue dashed line).

analytics60f51c3c66283.jpg

Figure 1 (Daily Chart).

Comprehensive analysis:

  • Indicator analysis - up;
  • Fibonacci levels - up;
  • Volumes - up;
  • Candlestick analysis - up;
  • Trend analysis - up;
  • Bollinger lines - down;
  • Weekly chart - up.

General conclusion:

Today, the price from the level of 1.1805 (closing of last Friday's daily candlestick) may start moving upward with the target at 1.1843 - the retracement level of 14.6% (blue dotted line). Once this level is tested, the upward movement may continue with the target at 1.1888 - the 23.6% retracement level (blue dashed line).

Alternative scenario: the price from the level of 1.1805 (closing of last Friday's daily candlestick) may continue to move downward with the target at 1.1772 - the lower fractal (blue dashed line). When this level is tested, it is possible to move upward with the target at 1.1811 - the historical resistance level (blue dashed line).

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