empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

26.04.201809:35 Forex Analysis & Reviews: Indicator analysis. Daily review of EUR / USD pair for April 26, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On Thursday, the following strong calendar news comes out:

- 11.45 London time. EUR, the deposit rate, are waiting for -0.40%, the previous value is -0.40%;

- 11.45 London time. EUR, the ECB's margin lending rate. The expected value is 0.25% compared to the previous value of 0.25%;

- 11.45 London time. EUR, the decision on the interest rate (Apr). The expected value is 0.00% compared to the previous value of 0.00%;

- 12.30 London time. USD, basic orders for durable goods (m / m) (mar). The expected value is 0.5% compared to the previous value of 1.0%;

- 12.30 London time. EUR, ECB press conference.

Trend analysis (Figure 1).

On Wednesday, the price continued to move down according to the weekly schedule. On Thursday, the downward movement may continue, but much will be resolved by the strong news that comes out at 11.45 London time. A complex analysis will more accurately determine where the price will go next.

Exchange Rates 26.04.2018 analysis

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - up;

- Weekly schedule - down.

General conclusion.

On Thursday, the market will move up in the side of the channel prior to the release of the reports but after the news, the probability of a decline is more likely at 11.45 London time.

Stefan Doll
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off