Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
NPBFX - making money with us since 1996!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Antony_NPBFX, post: 163643, member: 38727"] [size=5][b]EUR/USD: Euro is corrected 29.04.2019[/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url] offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. [B]Current trend[/B] EUR has updated local lows against USD last Friday, but managed to finish the afternoon session with growth. The instrument was under pressure from strong macroeconomic statistics on the US GDP for Q1 2019. According to preliminary estimates, the US economy showed an increase of 3.2% YoY against the growth of 2.2% YoY over the past period. Analysts' forecasts were very modest and assumed growth of only 2.0% YoY. On the other hand, the GDP price index for the same period showed an increase of only 0.6% YoY, with a forecast of 1.3% YoY, which indicates that the country's low inflation rates remain. Today, the pair shows active growth, developing corrective dynamics. Investors are focused on statistics on business sentiment in the euro area. After American session starts, Personal Income and Personal Spending data for February and March will be published in the US. [B]Support and resistance[/B] Bollinger Bands in D1 chart demonstrate active decrease. The price range is expanding, but it still fails to catch the development of the current "bearish" trend in the short term, which indicates the risks of corrective growth development. MACD has reversed upwards preserving a sell signal (being located below the signal line). Stochastic demonstrates similar dynamics, reversing upwards at its minimum levels. It is worth looking into the possibility of the uptrend development in the short and/or ultra-short term. Resistance levels: 1.1181, 1.1205, 1.1223, 1.1253. Support levels: 1.1139, 1.1120, 1.1100, 1.1075. [img]http://businesspr-finance.com/wp-content/uploads/2019/04/eurusd29042019-999-1.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2019/04/eurusd29042019-999-2.png[/img] [B]Trading tips[/B] o open long positions, one can rely on the breakout of 1.1181. Take profit — 1.1223–1.1253. Stop loss — 1.1155. The return of "bearish" trend with the breakdown of the level of 1.1120 may become a signal for new sales with the target at 1.1075. Stop loss — 1.1160. Implementation time: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: analytics.[/b] You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…