Podmienky obchodovania
Nástroje
4-hour timeframe
Technical details:
The senior linear regression channel: direction - sideways.
The junior linear regression channel: direction - down.
Moving average (20; smoothed) - sideways.
CCI: -2.3799
With grief in half, the EUR / USD pair managed yesterday to consolidate above the moving average line. Hours for 2-3. After that, the pair returned to the area below the moving average, respectively, may try to resume the downtrend. The probability of a hike to the top, the level of 1.1500 remains, but for this, you first need to confidently overcome the moving average line. As long as the pair is trading below it, the growth of the European currency has nothing to dream of. Despite the fact that to continue the downward trend, fundamental grounds are also needed. Now, this option looks more promising, as the bulls have shown their overt weakness in recent days. To date, Europe and the States have not planned any more or less significant publication. This means that traders will have to rely only on the receipt of significant information from the White House, on the negotiations with Beijing on trading conditions or on the topic of building a wall on the border with Mexico. However, it should be noted that market participants do not react very eagerly to the data on these topics. So today, in any case, one should not expect a strong movement. The intraday trend is downward, as indicated by the Heikin Ashi indicator.
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 currency pair EUR / USD is trying to resume movement down. Thus, short positions with the target of 1.1230 are now relevant, but there are no grounds for going further down now.
Purchase orders are recommended to be considered not earlier than new and confident overcoming of the MA for bulls with the first target of 1.1353. However, the bulls are now extremely weak.
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.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.