Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

16.10.201812:46 EUR / USD: plan for the US session on October 15. The euro buyers return to the market

Long-term review

To open long positions on EUR / USD, you need:

The breakthrough and consolidation at the level of 1.1570, to which I paid particular attention in my morning review, led to a resumption of growth of the European currency. The main purpose of buyers now is the update of last week's maximum of 1.1609, a breakthrough of which will be an additional signal for opening long positions, with access to the maximums of 1.1648 and 1.1682, where I recommend fixing the profits. If the euro declines in the second half of the day after good data on US retail sales, long positions can be returned after the support test of 1.1570 or to rebound from a week low of 1.1537.

To open short positions on EUR / USD, you need:

Sellers will rely on unsuccessful fixing above the resistance level of 1.1609, and good data on retail sales in the US will lead to a decrease in EUR / USD to the support area of 1.1570, where I recommend fixing the profits. If a quick sell-off after the update of last week's high does not follow, I recommend returning to short positions in euro only to rebound from the resistance level of 1.1648. A break of support at 1.1570 will instantly lead to a decline in the euro to the area of today's low of 1.1537.

Indicator signals:

Moving Averages

The price returned above 30 and 50 average, which indicates a change in market sentiment in favor of buyers, however, to consolidate the result, a 30-day average 50-day crossover is required.

Bollinger bands

Buyers broke above the upper line of the Bollinger Bands indicator, which indicates the presence of large buyers in the market. In the event of a decline in the euro this afternoon, support will be provided by the middle of the channel of 1.1565.

Exchange Rates 16.10.2018 analysis

Description of indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Ruben Watson,
Analytical expert
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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.

Close
Widget calback
Our specialist
will call you back
in five minutes
We will navigate you
through the website and
answer all your questions!
Preferred Type of Connection
Preferred language
  • English
  • Русский
  • العربية
  • Bahasa Indonesia
  • Bahasa Melayu
  • বাংলা
  • Български
  • 中文
  • Español
  • हिन्दी
  • Asụsụ Igbo
  • Português
  • اردو
  • ไทย
  • Українська
  • Tiếng Việt
  • Èdè Yorùbá
A call-back request was accepted.
Our specialists will contact you as soon as possible.
An error occurred.
Please try again later.
Can't speak right now?
Ask your question in the chat.