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*

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on March 17

Analysis of transactions in the EUR / USD pair

Although volatility was rather low yesterday, two trading signals emerged in the market. However, all of them had to be ignored because the MACD line, during those times, were in the wrong area. More specifically, when the signal to sell at 1.1918 appeared, the MACD line had long been in the oversold area, which limited the downward potential of the pair. And when the signal to buy at 1.1949 arose, the MACD line was in the overbought area, which limited the upward potential of the pair.

analytics605189f78591a.jpg

Trading recommendations for March 17

Economic reports that were published yesterday led to another increase in the US dollar. And today, this should continue if the Federal Reserve decides to maintain its current monetary policy.

Meanwhile, upcoming data on the EU and US economies should not affect the markets much, but if the EU CPI can somehow shake it, then the report from the US will be ignored by traders.

For long positions:

Buy the euro when the quote reaches 1.1920 (green line on the chart), and then take profit around the level of 1.1966. EUR / USD will rally if the Federal Reserve makes changes on its bond buying program. This is because such will limit the growth of Treasury yields and lead to the weakening of the US dollar.

Keep in mind that before buying, the MACD line should be above zero and is starting to rise from it.

For short positions:

Sell the euro after the quote reaches 1.1890 (red line on the chart), and then take profit at the level of 1.1840. Pressure on the currency will increase if the Federal Reserve does not change its monetary policy.

Before selling, be sure that the MACD line is below zero and is starting to move down from it.

analytics60518a004767f.jpg

What's on the chart:

The thin green line is the key level at which you can place long positions in the EUR/USD pair.

The thick green line is the target price, since the quote is unlikely to move above this level.

The thin red line is the level at which you can place short positions in the EUR/USD pair.

The thick red line is the target price, since the quote is unlikely to move below this level.

MACD line - when entering the market, it is important to be guided by the overbought and oversold zones.

Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decisions based on the current market situation is an inherently losing strategy for an intraday trader.

Analysis of transactions in the GBP / USD pair

A sell signal appeared in the market yesterday. Fortunately, it succeeded because the MACD line, during that time, was also moving down from zero. It resulted in the pound declining by approximately 35 pips from 1.3856.

analytics60518a0ae49ea.jpg

Trading recommendations for March 17

The market will be influenced today by upcoming statistics from the United States. In particular, on the data for the construction sector. The Federal Reserve should also publish its policy decisions within the day, wherein if a serious change is implemented, demand for the pound will rise, which will accordingly lead to the increase of GBP/USD. But if not, the pair will continue to trade downwards.

For long positions:

Buy the pound when the quote reaches 1.3912 (green line on the chart), and then take profit at the level of 1.3948 (thicker green line on the chart). However, there is a small chance that price will increase, especially if the Fed does not change its monetary policy.

Keep in mind that before buying, make sure that the MACD line is above zero and is starting to rise from it.

For short positions:

Sell the pound after the quote reaches 1.3875 (red line on the chart), and then take profit at the level of 1.3813. Do this after the Fed announces its decision on monetary policy.

Of course, when selling, make sure that the MACD line is below zero and is starting to move down from it.

analytics60518a159ac39.jpg

What's on the chart:

The thin green line is the key level at which you can place long positions in the GBP/USD pair.

The thick green line is the target price, since the quote is unlikely to move above this level.

The thin red line is the level at which you can place short positions in the GBP/USD pair.

The thick red line is the target price, since the quote is unlikely to move below this level.

MACD line - when entering the market, it is important to be guided by the overbought and oversold zones.

Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decisions based on the current market situation is an inherently losing strategy for an intraday trader.

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