Legenda tim InstaSpot!
Legenda! Anda pikir legenda adalah retorika yang bombastis? Lalu, bagaimana menyebut seorang pria, seorang Asia pertama yang memenangkan kejuaraan catur dunia junior pada usia 18 tahun, dan yang menjadi Grandmaster India pertama pada usia 19 tahun? Itulah awal perjalanan yang sulit dalam meraih gelar Juara Dunia bagi Viswanathan Anand, pria yang menjadi bagian dari sejarah catur untuk selamanya. Sekarang, satu lagi legenda masuk ke dalam tim InstaSpot!
Borussia merupakan salah satu klub sepakbola paling terkenal di Jerman, yang telah berulang kali membuktikan pada para penggemarnya: semangat kompetisi dan kepemimpinan pasti akan mengarah pada kesuksesan. Lakukan trading dengan cara yang sama seperti para profesional olahraga: percaya diri dan aktif. Gunakan "kunci" dari Borussia FC dan jadilah yang terdepan bersama InstaSpot!
The test of the price at 1.1699 occurred when the MACD indicator was just beginning to move up from the zero mark, confirming the correct entry point for buying euros. As a result, the pair rose by more than 35 pips.
The European currency demonstrated significant growth against the US dollar after European Central Bank President Christine Lagarde hinted at the possibility of revising interest rates at the June meeting, triggering an active upward move in the EUR/USD pair. Lagarde's statement caused a sharp spike in the euro, which showed substantial strengthening in global currency markets. Investors interpreted her words as a signal for the upcoming tightening of the ECB's monetary policy, which traditionally boosts demand for the national currency. Consequently, yesterday's trading ended with the euro in strong positive territory, and this positive trend has persisted into the beginning of today's Asian session.
Today, there is a likelihood of further euro growth since no new fundamental data from the Eurozone is expected. The market will likely continue to focus on rate-hike forecasts, which have become more pronounced following the ECB president's comments. In the absence of new information capable of shaking or correcting these expectations, market participants are likely to maintain the initiated trend.
Regarding the intraday strategy, I will rely more on implementing Scenarios #1 and #2.
Scenario #1: Today, I can buy euros at a price around 1.1735 (green line on the chart), with a target increase to 1.1765. At point 1.1765, I plan to exit the market and also sell euros in the opposite direction, anticipating a movement of 30-35 pips from the entry point. Prospects for euro growth can only be expected after good data. Important! Before buying, ensure that the MACD indicator is above the zero mark and just starting to rise from it.
Scenario #2: I also plan to buy euros today if there are two consecutive tests of 1.1717 when the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. A rise to the opposite levels of 1.1735 and 1.1765 can be anticipated.
Scenario #1: I plan to sell euros once the level of 1.1717 (red line on the chart) is reached. The target will be the level of 1.1689, where I intend to exit the market and buy immediately in the opposite direction (expecting a movement of 20-25 pips in the opposite direction from the level). Pressure on the pair today may only return within the framework of a minor correction. Important! Before selling, ensure that the MACD indicator is below the zero mark and just starting to decline from it.
Scenario #2: I also plan to sell euros today if there are two consecutive tests of 1.1735 when the MACD indicator is in the overbought area. This will limit the pair's upside potential and lead to a market reversal downward. A decline to the opposite levels of 1.1717 and 1.1689 can be expected.
Important: Beginner traders in the Forex market need to make entry decisions very cautiously. It is best to stay out of the market before important fundamental reports to avoid sharp price fluctuations. If you decide to trade during news releases, always set stop orders to minimize losses. Without placing stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade in large volumes.
And remember, for successful trading, it is essential to have a clear trading plan, as outlined above. Making impulsive trading decisions based on the current market situation is fundamentally a losing strategy for an intraday trader.
*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.
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