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*

Outlook for USD/JPY on October 11, 2021

The dollar/yen pair continues rising.

On Friday, the US dollar rose by 59 pips against the Japanese yen to reach the level of 112.22. Today, the price continues moving up following risky sentiment of the stock market. Thus, Nikkei225 added 1.61% and China A50 advanced by 1.51%. Today is the last day when Evergande may repay its debt. Investors are expecting a positive outcome.

analytics6163a30bcc57a.jpg

From the technical point of view, there is a possibility of the price divergence with the Marlin oscillator. That is why the pair will hardly reach the target of 113.10. It is likely to reverse and drop in the mid term. The target is located at 110.68.

analytics6163a31b63c09.jpg

On the four-hour chart, the price is climbing without any signal of a reversal.

analytics6163a32a3cdba.jpg

Only on the one-hour chart, the Marlin oscillator is returning from the overbought area.

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