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*

Review EUR / USD. 5'th of July. The forecast for the system "Regression Channels". Nonfarm Payrolls will be important for

4 hour timeframe

analytics5d1ed43ea3a4d.png

Technical data:

The upper linear regression channel: direction - up.

The lower linear regression channel: direction - up.

Moving average (20; smoothed) - down.

CCI: -61.1428

On Friday, July 5, the EUR / USD pair is no longer continuing its low-volatility movement. It simply "stuck" to the price range of 1.1275 - 1.1290. There is no demand for any of the currencies now, but there is a complete balance between the bulls and bears. Yesterday's market behavior and its total amorphousness is easily explained by the Independence Day in the USA. This is despite the unexpected action of the European markets to join in the American holiday celebrations. Today, the forex market should wake up because a large package of important macroeconomic information is expected to arrive from overseas today. First, the unemployment rate for June will be published. Second, the wages for June, and third, the number of new jobs created outside the agricultural sector, the so-called Nonfarm Payrolls. If the first two reports are clear, Nonfarm often leads to a contradiction from traders. For several times, there was no reaction at all. It is more often than not that the reaction was opposite to what would be considered logical. In general, there are problems with this report. Today, this report will have to tell traders whether to continue buying US dollars, and the Fed - whether to continue with softening the monetary policy in the next 3 months. It is clear that future FOMC decisions will not depend on this report alone, but it is from these reports that the overall economic picture is formed.

Nearest support levels:

S1 - 1.1230

S2 - 1.1169

S3 - 1.1108

Nearest resistance levels:

R1 - 1,1292

R2 - 1.1353

R3 - 1,1414

Trading recommendations:

The EUR / USD currency pair continues its downward movement and maintains the downward trend. Thus, now, it is recommended to continue trading on the decline to the goal of Murray's "4/8" level - 1.1230 until the Heiken-Ashi indicator turns up.

It is recommended to buy the Eurocurrency after traders consolidate back above the moving average line, which will change the trend an upward one, with the first goal of 1.1353.

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

Explanations for illustrations:

The upper linear regression channel - the blue line of the unidirectional movement.

The lower linear regression channel - the violet line of the unidirectional movement.

CCI - blue line in the indicator regression 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