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March 22, 2019

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The material has been provided by InstaForex Company - www.instaforex.com

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EUR/USD. February 27. Results of the day. The US national debt is growing at an accelerated pace, but this is unlikely to

4-hour timeframeThe amplitude of the last 5 days (high-low): 46p - 46p - 40p - 41p - 58p.Average amplitude for the last 5 days: 46p (51p).On Wednesday, February 27, the EUR/USD currency pair again stands in one place, and overall volatility does not exceed 40 points for the whole day. Well, there are no new data and traders went on vacation again. Yesterday, the pair still showed signs of life due to the speech of Jerome Powell in Congress, which, it cannot be said, gave the markets too much fundamentally new information, but it was still quite an important event. Today, the pair stopped moving up and slipped back into flat. What to do in this situation? Just wait. Wait for new macroeconomic information, wait for new events in the European Union or the United States, new speeches by the leaders of these countries. The main question now is - will there be grounds for continued growth of the European currency? Many experts are now again paying attention to the growth of public debt in t…

USD/JPY approaching resistance, potential drop!

USDJPY is approaching 1st resistance at 106.78, potential drop could occur.Entry :106.78Why it’s good : horizontal swing high resistance100% &61.8% Fibonacci extensionTake Profit : 105.70Why it’s good :horizontal swing low support100% Fibonacci extension38.2% Fibonacci retracement The material has been provided by InstaForex Company - www.instaforex.com

source https://www.instaforex.com/forex_analysis/151823/?x=KUCB

Trading plan for 04/04/2019

Macroeconomic data released yesterday, especially in the United States, somewhat alerted market participants. The fact is that the ADP data on employment, which precedes the release of the Department of Labor's report, showed an increase in employment by 129 thousand. They expected growth of 170 thousand, and employment increased by 197 thousand in the previous period. In other words, the growth rate of employment is quite significantly slowing. The final data on business activity indexes showed a decrease in the service sector index from 56.0 to 55.3, and the composite index from 55.5 to 54.6. But European statistics clearly inspires optimism as the growth rate of retail sales accelerated from 2.2% to 2.8%. Such a significant increase in retail sales allows us to ignore the composite index of business activity's decline from 51.9 to 51.6. Moreover, the business activity index in the service sector increased from 52.8 to 53.3. So it is not surprising that the single European c…

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