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*

Forecast for GBP/USD on August 2, 2021

GBP/USD

Last Thursday, the pound made a false exit above the MACD indicator line, and then it returned under it on Friday, overlapping the body of the Thursday candlestick. The Marlin Oscillator is turning down and we can conclude that a correctional decline is developing after all the growth since July 20. Consolidating above 1.3920 will open the target at 1.4069.

analytics61075d8dcf65b.jpg

Let's define the correction targets on the four-hour scale. The closest target at 1.3926 is the 38.2% Fibonacci level, which coincides with the MACD line. Settling under the MACD line opens the next targets on the Fibonacci grid, where the maximum depth is seen in the range 1.3646/70, moving under which will mean a further mid-term decline. At the moment, we are counting on the standard scenario - a correction to 1.3826 with a subsequent price reversal into further growth.

analytics61075d9a4b0bc.jpg

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