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*

EUR / USD. November 19th. The trading system. "Regression Channels". May thinks her plan has no alternatives.

4-hour timeframe

analytics5bf2616149e98.png

Technical details:The senior linear regression channel: direction - down.The younger linear regression channel: direction - down.Moving average (20; smoothed) - up.CCI: 132.5667The currency pair EUR / USD on Monday, November 19, continues its upward movement and has completed the Murray level of "3/8" - 1.1414. If the downtrend is preserved, a rebound of the pair from the indicated Murray level may trigger a resumption of the downward movement. At least, overcoming the level of 1.1414 may mean the formation of a new uptrend trend. However, as before, everything will depend on the main topic of recent months, Brexit. On the first trading day of the new work week, the planned macroeconomic reports will not be in the States or in the EU. Thus, any Brexit news is the only thing traders can expect on Monday. Meanwhile, the European Union proposed to extend the transition period by 2 years. This means that Brussels wants to receive contributions from the UK in total for 6.5 years after the referendum. At the same time, Theresa May said that there are no alternatives to her exit plan. The prime minister believes that if the British parliament does not accept its proposal, then the whole situation will fall back to the very beginning. May also believes that her plan will work and this is the best way out of this situation. From a technical point of view, it is still too early to declare that the downward trend in the euro is complete, despite the price position above the moving average line.Nearest support levels:S1 - 1.1353S2 - 1,1292S3 - 1.1230Nearest resistance levels:R1 - 1,1414R2 - 1.1475R3 - 1.1536Trading recommendations:The EUR / USD currency pair continues to move up. Thus, if traders overcome the level of 1.1414, then long positions can be opened with the target of 1.1475. Otherwise, we expect a downward correction or resumption of a downward trend.Sell positions will become relevant only after the price is fixed below the moving average. In this case, the initiative on the instrument will return to the bears, and the first target for a short trading will be the level of 1.1292.In addition to the technical picture should also take into account the fundamental data and the time of their release.Explanations for illustrations:The senior linear regression channel is the blue lines of the unidirectional movement.The junior linear regression channel is the purple lines of the unidirectional movement.CCI - blue line in the indicator window.The moving average (20; smoothed) is the blue line on the price chart.Murray levels - multi-colored horizontal stripes.Heikin Ashi is an indicator that colors bars in blue or purple.

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