Condiciones de negociación
Products
Herramientas
No macroeconomic events are scheduled for Tuesday, meaning the market will have nothing to focus on. Yesterday, this didn't prevent it from trading downward throughout the day. Of course, it would be naive to assume that the situation will repeat itself today, but there is still a strong bearish sentiment in the market, so the euro and pound could continue to decline even without macroeconomic releases.
Among the fundamental events on Tuesday, we can note the speeches of Federal Reserve representative Patrick Harker, European Central Bank President Christine Lagarde, and ECB Chief Economist Philip Lane. Theoretically, all three could provide new information that might impact the euro and dollar exchange rates. However, the chances of this happening are slim. Fed representatives speak almost daily, and their rhetoric varies greatly. More concrete conclusions can only be made after the release of new reports on the labor market and unemployment. Christine Lagarde may refrain from discussing monetary policy since last week's ECB meeting, where the market received all the necessary information.
During the second trading day of the new week, the euro and the pound have a good chance of continuing their decline. Both currency pairs have bounced off their trend lines, so the downward movement may continue smoothly. However, volatility could remain low again. Lagarde's speech might influence the euro, but it's doubtful that she will provide the market with fundamentally new information on monetary policy, considering that no significant reports have been published in the Eurozone since last Thursday.
Support and Resistance Price Levels: These levels serve as targets when opening buy or sell positions. They can also be used as points to set Take Profit levels.
Red Lines: These represent channels or trend lines that display the current trend and indicate the preferred trading direction.
MACD Indicator (14,22,3): The histogram and signal line serve as a supplementary indicator that can also be used as a source of trading signals.
Important Speeches and Reports (always found in the news calendar) can significantly impact the movement of a currency pair. Therefore, trading should be done with maximum caution during their release, or you may choose to exit the market to avoid a sharp price reversal against the preceding movement.
For Beginners Trading on the Forex Market: It's essential to remember that not every trade will be profitable. Developing a clear strategy and practicing money management is key to achieving long-term success in trading.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.