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

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*

Ichimoku cloud indicator analysis on EURUSD.

, , ,

Short-term trend remains bearish in Ichimoku cloud terms. Price is not only below the Kumo (cloud), but also below the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Price is trying to break above the two indicators which provide short-term resistance at 1.1610-1.1620.

analytics615c77e8f0b0a.jpg

If bulls manage to break above 1.1620 in the 4 hour chart, we should then expect price to move closer to the Ichimoku cloud towards 1.1665. Breaking above the Kumo (cloud) would be the first important bullish sign and trend reversal signal. Until then we consider this upward move as a counter trend bounce.The material has been provided by InstaForex Company - www.instaforex.com
at
Labels: , , ,