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. March 28. The trading system. "Regression Channels". US GDP report can help European currency

4-hour timeframe

VZck3EvHsipd8CAnHhc8Pn6Er7faFoQkQuYh2zRx

Technical details:

The upper linear regression channel: direction - down.

The lower linear regression channel: direction - down.

Moving average (20; smoothed) - down.

CCI: -106.4332

On Thursday, March 28, the currency pair EUR/USD continues to move down, breaking the Murray level of "1/8". Yesterday, Mario Draghi did not please the markets and traders with his performance in Frankfurt. There was too much "pigeon" rhetoric, "fears" and "downside risks." Thus, traders were deprived of the fundamental grounds for purchases of the European currency. On the penultimate trading day of the week in Europe, no important macroeconomic publications are planned. But the United States should receive a report on GDP for the fourth quarter, the index of expenditure on personal consumption. Of course, the greatest interest will be caused by the GDP report with a forecast of 2.4 g / g. Needless to say, any value below the forecast with a high degree of probability will cause pressure on the US currency, which, in tandem with the euro, has recently been approaching its price highs again. That may not please Trump. At the same time, a strong report on GDP can support the US currency up to the Murray's level of 1.1200 - "-1/8", and this is the minimum value of the pair over the past year and a half and the lowest point of the area that the pair has somehow tried to overcome 7 times. From a technical point of view, there are no signs of the beginning of the correction, as the Heikin Ashi indicator is pointing down.

Nearest support levels:

S1 - 1.1230

S2 - 1.1200

S3 - 1.1169

Nearest resistance levels:

R1 - 1.1261

R2 - 1.1292

R3 - 1.1322

Trading recommendations:

The currency pair EUR/USD continues to move down. Thus, it is now recommended to consider sell orders with targets at 1.1230 and 1.1200. A reversal of the Heikin Ashi indicator to the top will indicate the beginning of an upward correction.

It is recommended to consider the long positions not earlier than the pair fixing back above the moving average line with targets at 1.1322 and 1.1353, since the trend, in this case, will change to an upward one.

In addition to the technical picture should also take into account the fundamental data and the time of their release.

Explanations for illustrations:

The upper linear regression channel is the blue lines of the unidirectional movement.

The lower 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.

Heiken Ashi is an indicator that colors bars in blue or purple.

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