Forex Analysis & Reviews: 26.04.2019 - Trading recommendations for...

26.04.2019 11:46 AM

Trading recommendations for the EURUSD currency pair - prospects for further movement

For the last trading day, the euro / dollar currency pair showed volatility below the average daily 44 points, but this did not stop the bears to keep the leadership in the market. From the point of view of technical analysis, we see a rapid decline during the entire trading week, where the quotation almost without difficulty overcame a number of important levels that kept the quotation. It is theoretically possible to continue the descending move, but so far only overheating of short positions is visible, where there is already stagnation.

The information background did not have any harsh statements, but the news flow contained data on the volume of orders for durable goods (mar m / m) in the USA, where they expected a growth of 0.7%, but as a result received more rapid jump of 2.7%.

Today, in terms of the economic calendar, we have data on US GDP for Q1, where a slowdown is expected from 2.2% to 2.0%, which could put pressure on the dollar.

The upcoming trading week in terms of the economic calendar is replete with statistics and events. The most current data is displayed below.

Tuesday

EU 12:00 MSK - GDP (y / y): Prev. 1.1%

EU 12:00 MSK - Unemployment (mar): Prev. 7.8% ---> Forecast 7.8%

United States 17:00 MSK - Index of pending sales in the real estate market (m / m) (Mar): Prev. -1.0% ---> Forecast 1.0%

Wednesday

United States 15:15 MSK - Change in the number of people employed in the non-farm sector from ADP (Apr): Prev. 129K ---> Forecast 175K

United States 17:00 MSK - Manufacturing Business Index (PMI) from ISM (Apr): Prev. 55.3 ---> Forecast 55.0

United States 21:30 MSK - FOMC Press Conference

Thursday

EU 11:00 MSK - Manufacturing Business Index (PMI) (Apr): Prev. 47.8 ---> Forecast 47.8

United States 15:30 MSK - Basic orders for durable goods (m / m) (Mar): Prev. -0.1% ---> Forecast 0.2%

Friday

EU 12:00 MSK - Consumer Price Index ( CPI) (y / y) (Apr): Prev. 1.4% ---> Forecast 1.5%

United States 15:30 MSK - Change in the number of people employed in the non-agricultural sector (Apr): 196K ---> Forecast 180K

United States 15:30 MSK - Unemployment rate (Apr): Prev. 3.8% ---> Forecast 3.8%

United States 17:00 MSK - Non-manufacturing Business PMI (PMI) from ISM (Apr): 56.1 ---> Forecast 57.2

These are preliminary and subject to change.

Further development

Analyzing the current trading chart, we see that the quote felt a certain point of support in the face of the value of 1.1120, where, together with oversoldness, a stagnation of two-digit doji-type candles formed. It is likely to assume that, against the background of oversold and US statistics coming out today, we can see a long-awaited pullback towards the previously passed level of 1.1180. In any case, traders carefully analyze the current foothold, in case the bearish interest does not subside and we see just a pullback with stagnation.

Indicator Analysis

Analyzing a different sector of timeframes (TF ), we see that in the short term, a rising interest has arisen against the background of stagnation with a rollback. Intraday and mid-term perspectives also maintain a downward interest against the general background of the market.

Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily fluctuation, based on monthly / quarterly / year.

(April 26 was based on the time of publication of the article)

The current time volatility is 23 points. In case of support from the continuation of the news background, volatility may increase.

Key levels

Zones of resistance: 1.1180; 1,1300 **; 1.1440; 1.1550; 1.1650 *; 1.1720 **; 1.1850 **; 1.2100

Support areas: 1.1080 *; 1.1000 ***; 1,0850 **

* Periodic level

** Range Level

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Technical analysis

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

歐元/美元。 6月3日。等待歐盟通脹數據

歐元/美元。6月3日。等待歐盟通脹數據

外匯預測 2025年6月3日：歐元/美元、澳元/美元、紐元/美元、石油和比特幣

對歐元/日元交叉貨幣對盤中價格波動的技術分析，2025年6月3日星期二。

2025年6月3日星期二，GBP/CAD交叉貨幣對日常價格波動的技術分析

2025年6月3日的歐元/美元預測

2025年6月3日英鎊/美元預測

2025年6月3日美元/日元匯率預測

XAG/USD。分析與預測

2025年6月2日至5日歐元/美元的交易信號：在1.1474以下賣出 (21 SMA - 6/8 Murray)

Top analytics