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DeGRAM | EURUSD changing the global trend?On the weekly timeframe, we see a breakdown of the strong resistance level formed in April 2008, the global downtrend lasted 12 years. In November 2020, the instrument breaks through the upper border of the price channel and grows to resistance, after which it returns to a correction to the border of the channel. The instrument was unable to update the local high and enters a retest, a movement immediately consolidating at the level, I think that there may be a deep false breakout and further growth towards the breakdown. I stick to the long-term target - the upper boundary of the new upward price channel. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
2
Major fundamental news affecting The PriceFundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable. I have a news trading strategy in my feed titled "How to trade The News Correctly" , I recommend it to study if you have an aggressive trading style and want to earn even more on news 1) Employment figures The most important news event that all speculators and investors are guided by is non-farm pay. This news event increases several times, at the time of the news release, the volatility of the main instruments on which traders earn. The NFP usually comes out on the first Friday of every new month. 2) Balance figures An indicator characterizing the difference between the value of exported / imported goods and services 3) Speeches and minutes Last mention of key speeches and minutes such as ... 1) DOMC Statements and Press Conferences 2) Voting on MPC ratings and speeches by the Governor of the Bank of England 3) Press conferences of the ECB and speeches by the President of the ECB 4) Retail Sale figures the indicator characterizes the strength of consumer demand. Its growth indicates an increase in the production of goods, a strengthening of the economy and currency. Included in the calculation of GDP 5) Consumer Price Index (CPI) Reflects the shift in the cost of core consumer goods and services 6) Expected and Forecasted Figures on the way out news 1) Positively affects the strengthening of the currency when the actual figures after the release of the news turned out to be better than the predicted ones 2) Badly affect the strengthening of the currency when the actual numbers are worse than expected 7) Any kind of news that is spoken during these events has a very strong effect on all foreign exchange and not only markets. Traders navigate and trade depending on how they think a certain currency of the respective country can react. ❗ ❗ ❗ Constructiveness in trading: follow the news when trading and try not to open orders for half an hour, at the time of release and after the release of news for half an hour ❗ ❗ ❗
Education
by DeGRAM
4
Major fundamental news affecting The PriceFundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable. I have a news trading strategy in my feed titled "How to trade The News Correctly" , I recommend it to study if you have an aggressive trading style and want to earn even more on news 1) Employment figures The most important news event that all speculators and investors are guided by is non-farm pay. This news event increases several times, at the time of the news release, the volatility of the main instruments on which traders earn. The NFP usually comes out on the first Friday of every new month. 2) Balance figures An indicator characterizing the difference between the value of exported / imported goods and services 3) Speeches and minutes Last mention of key speeches and minutes such as ... 1) DOMC Statements and Press Conferences 2) Voting on MPC ratings and speeches by the Governor of the Bank of England 3) Press conferences of the ECB and speeches by the President of the ECB 4) Retail Sale figures the indicator characterizes the strength of consumer demand. Its growth indicates an increase in the production of goods, a strengthening of the economy and currency. Included in the calculation of GDP 5) Consumer Price Index (CPI) Reflects the shift in the cost of core consumer goods and services 6) Expected and Forecasted Figures on the way out news 1) Positively affects the strengthening of the currency when the actual figures after the release of the news turned out to be better than the predicted ones 2) Badly affect the strengthening of the currency when the actual numbers are worse than expected 7) Any kind of news that is spoken during these events has a very strong effect on all foreign exchange and not only markets. Traders navigate and trade depending on how they think a certain currency of the respective country can react. ❗ ❗ ❗ Constructiveness in trading: follow the news when trading and try not to open orders for half an hour, at the time of release and after the release of news for half an hour ❗ ❗ ❗
Education
by DeGRAM
2
DeGRAM | EURUSD growth from levelLast week, the currency pair tested a strong support level, which had not previously been broken through, formed from the peak of March 2020. I suppose that the instrument will roll back from the level, with a possible trend change, but will there be a false breakout before that? The key target that interests me is the resistance at 1.235 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
8
DeGRAM | EURUSD long The currency pair is trading in the support zone of the price channel. The trend support is strong enough, the last three tests were rejected by the rebound. Now, on retest, the price rolls back to the nearest resistance, upon breakdown of which and consolidation above this level of 1.1842, it activates purchases. The key point to which the price can reach, if the trend does not break - resistance 1.217 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
6