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 5. The trading system. "Regression Channels". Business activity index will show the current trend in the

4-hour timeframe

y_9l3vrFsBmuF4EeGYdP23sedBeezfd1iK9CM936

Technical details:

The senior linear regression channel: direction - down.

The younger linear regression channel: direction - up.

Moving average (20; smoothed) - down.

CCI: -175.9711

The EUR / USD currency pair on Tuesday, March 5, fixed below the moving average line and continues the downward movement that started earlier. Against the backdrop of the market's expectations of a US-EU trade agreement, the US dollar received tangible support. As we noted yesterday, this agreement will be beneficial for both sides especially for the States, since they did not have to sacrifice anything. Thus, paired with the euro currency, it turns out that the dollar is stronger since it has substantial fundamental support. Today in the European Union, the index of business activity in the services sector and the composite index of business activity in the industrial sector will be published. These indices are not significant but can show the current trend in the economy of the alliance. Also in the EU, data for retail sales in January will be known. After lunch, at the American trading session, similar European indices will be published. However, in America, the ISM index is also published, which is more important than Markit. From a technical point of view, the trend has changed to downward, so now short positions have become relevant. The Heikin Ashi indicator paints bars in blue, so there are currently no signs of the beginning of an upward correction.

Nearest support levels:

S1 - 1.1292

S2 - 1.1230

S3 - 1.1169

Nearest resistance levels:

R1 - 1.1353

R2 - 1.1414

R3 - 1.1475

Trading recommendations:

The EUR / USD currency pair has started a downward movement. Therefore, it is now recommended to trade short positions with the first goal of 1.1292. Manually reduce the short positions in the case of a turn up of the indicator Heikin Ashi.

Considering the buy position will be possible not earlier than the reversal of the bulls above the moving average line. In this case, the trend in the instrument will change to ascending again.

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 younger 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