Forex Analysis & Reviews: 08.03.2019 - EUR / USD. March 8. Results...

Live Chat

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

08.03.2019 06:10 PM

EUR / USD. March 8. Results of the day. NonFarm Payrolls failed. The pair began a correction

4-hour timeframe

The amplitude of the last 5 days (high-low): 56p - 73p - 50p - 49p - 144p.

Average amplitude for the last 5 days: 74p (58p).

The EUR / USD currency pair on Friday, March 8, began to be adjusted from the European session itself after yesterday's collapse after the announcement of the results of the ECB meeting. The correction started in the morning on the basis of technical factors, but at the American trading session, it received fundamental support. Unfortunately, the NonFarm Payrolls report completely failed, making only 20K instead of the predicted 180K. It was this report that created additional pressure on the American currency, although, in general, the losses to the US dollar are not yet serious. The effect of the NonFarm Payrolls on unemployment slightly smoothed (decreased in February to 3.8%) and on average wages (increased by 3.4% against the forecast of + 3.3% y / y). However, after the end of the correction, the downward trend may resume, as the pair broke through the most important area of support 1.1250 - 1.1290. In any case, the downward trend remains below the critical line. Thus, the week ends with the advantage of the dollar, and next week there will be ballots in the British Parliament, after which, maybe, finally, some decision on Brexit will be made and uncertainty in this matter will be less. For the EUR / USD pair, these events are of less importance than for the pound. From a technical point of view, the MACD indicator signaled the beginning of the correction, turning to the top.

Trading recommendations:

The EUR / USD pair has begun to be adjusted. Thus, to open new short positions, you should wait until the current correction is completed and the downward movement resumes, and the target will be the level of 1.1161.

Buy positions are recommended to be considered if the bulls manage to consolidate above the Kijun-Sen line. In this case, buy orders in small lots will be relevant for the purpose of 1.1308.

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

Explanation of the illustration:

Ichimoku indicator:

Tenkan-sen - the red line.

Kijun-sen - the blue line.

Senkou Span A - light brown dotted line.

Senkou Span B - light purple dotted line.

Chinkou Span - green line.

Bollinger Bands indicator:

3 yellow lines.

MACD Indicator:

The red line and histogram with white bars in the indicator window.