empty
 
 
03.04.2019 12:53 PM
EUR/USD. April 3. The trading system. "Regression Channels". Macroeconomic statistics from the United States continues to disappoint

4-hour timeframe

This image is no longer relevant

Technical details:

The upper linear regression channel: direction - down.

The lower linear regression channel: direction - down.

Moving average (20; smoothed) - down.

CCI: -8.6153

On Wednesday, April 3, the currency pair EUR/USD began to be adjusted. Moreover, the correction began at the wrong time, which would be more logical. Yesterday, reports on orders for long-term goods in the United States frankly failed, and the trend of weak macroeconomic statistics from America is beginning to alarm us. The main indicator for February fell by 1.6%, excluding transport edged up 0.1% (below the forecast), excluding the defense of 1.9%. However, the strengthening of the euro has begun tonight, and not yesterday at the American trading session. The fact that traders do not respond to disappointing statistics from the States indicates that sales of the pair are now preferable. It will be possible to expect a more or less serious strengthening of the euro not earlier than overcoming the moving average line. Today, the euro area is scheduled to publish retail sales for February with a forecast of + 2.3% y / y. If in reality, the increase will be smaller, then the euro may once again fall down. In America today, indices of business activity in the services sector Markit and ISM will be published, as well as a composite IDA. In addition, there will be a report on the change in the number of workers in the private sector. They can also support the US dollar. By the way, we state the fact that for the eighth time traders failed to overcome the area of 1.1200 - 1.1270, this time the fall stopped near the lower boundary of this area.

Nearest support levels:

S1 - 1.1200

S2 - 1.1169

Nearest resistance levels:

R1 - 1.1230

R2 - 1.1261

R3 - 1.1292

Trading recommendations:

The EUR/USD currency pair has begun to adjust. Thus, it is now recommended to wait for the completion of the correction and resume trading for a fall with the targets at 1.1200 and 1.1169.

Buy positions are recommended to be considered no earlier than fixing the pair above the moving with the first targets at 1.1261 and 1.1292. In this case, the trend in the instrument will change to ascending, and the euro will have chances for strengthening.

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.

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

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback