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*

Indicator analysis. Daily review for the GBP/USD currency pair on 29/12/2020

Trend analysis (Figure 1).

Today, from the level of 1.3445 (the closing of yesterday's daily candle), the market will try to continue moving up with the target of 1.3481 which is the historical resistance level (blue dotted line). If this level is reached, work up with the target of 1.3622 upper fractal (red dotted line).

analytics5fead31dc9d1c.jpg

Figure 1 (daily chart).

Comprehensive Analysis:

  • Indicator Analysis – up
  • Fibonacci Levels – up
  • Volumes – up
  • Candle Analysis – up
  • Trend Analysis – up
  • Bollinger Bands – up
  • Weekly Chart – up

General Conclusion:

Today, from the level of 1.3445 (the closing of yesterday's daily candle), the price will try to continue moving up with the target of 1.3481 which is the historical resistance level (blue dotted line). If this level is reached, work up with the target of 1.3622 upper fractal (red dotted line).

Alternative Scenario: From the level of 1.3445 (the closing of yesterday's daily candle), the price will try to continue moving up with the target of 1.3481 which is the historical resistance level (blue dotted line). If this level is reached, work down with the target of 1.3299 which is a rollback level of 14.6% (red dotted line).

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