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*

Daily analysis of GBP/USD for April 06, 2016

According to the H1 chart, GBP/USD is expected to correct the decline held from today's highs as the Cable has already rebounded above the support level of 1.4029. If the pair breaks through the resistance zone of 1.4118, then it could test the highs mentioned above. However, the overall scenario is still bearish as the 200 SMA is pointing to the downside.

GBPUSDH1.png

H1 chart's resistance levels: 1.4118 / 1.4176

H1 chart's support levels: 1.4062 / 1.4026

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.4062, take profit is at 1.4026 and stop loss is at 1.4097.

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