empty
 
 
28.06.2019 06:12 AM
Overview of EUR/USD on June 28. The forecast for the "Regression Channels". The foreign exchange market is fully focused on the upcoming meeting of Trump and Xi Jinping

4-hour timeframe

This image is no longer relevant

Technical data:

The upper linear regression channel: direction – up.

The lower linear regression channel: direction – up.

The moving average (20; smoothed) – up.

CCI: -0.4417

The EUR / USD pair continues to be adjusted for the third trading day in a row and at the same time, it cannot work out the moving. Today is not only the last working day of the week but also the last working day of the month. The G20 summit starts today, but its results will be known only at the weekend. The talks between Donald Trump and Xi Jinping will be held on Saturday. Thus, today, traders are unlikely to show active trade, since it makes little sense to risk before such an important event as the meeting of the leaders of China and the United States. Talking once again about the importance of the meeting between Trump and Jinping makes no sense. The only thing we would like to add is that we should not expect too much from this meeting. Yes, Trump wants to sign a trade agreement as soon as possible and on the terms that are beneficial to him. But China has already shown that it does not agree to concede in all States. Therefore, we believe that there will be little progress in the negotiations. Today, there will be several important macroeconomic reports that can have an impact on the foreign exchange market. First, it is the publication of the preliminary value of inflation for June in the eurozone. According to experts, this figure will remain unchanged compared to the previous month – 1.2%. Second, the changes in personal income and spending of the American population in May. Both of these reports are not paramount but can still cause a reaction from traders.

Nearest support levels:

S1 – 1.1353

S2 – 1.1292

S3 – 1.1230

Nearest resistance levels:

R1 – 1.1414

R2 – 1.1475

R3 – 1.1536

Trading recommendations:

The EUR/USD currency pair continues its downward correction to the moving average line. Thus, it is recommended to wait for the reversal of the Heiken Ashi up or rebound from the moving and buy the pair again with the target level of 1.1414.

It is recommended to buy the US currency after traders consolidate below the moving average line, which will change the trend to a downward one, with the first target of 1.1292.

In addition to the technical picture should also take into account the fundamental data and the time of their release.

Explanation of illustrations:

The upper linear regression channel – the blue line of the unidirectional movement.

The lower linear regression channel – the purple line of the unidirectional movement.

CCI – the 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.

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

Paolo Greco,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2024
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$8000 مزید!
    ہم مارچ قرعہ اندازی کرتے ہیں $8000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback