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विदेशी मुद्रा विश्लेषण

Fundamental analysis

03.02.202607:28 विदेशी मुद्रा विश्लेषण और समीक्षा: What to Pay Attention to on February 3? Analysis of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

There are very few macroeconomic reports scheduled for Tuesday. The only notable report is the JOLTS report in the US on job openings, which is part of the labor market report group. However, this week, much more significant and relevant data will be released. There are no interesting reports planned for Tuesday in Germany, the Eurozone, or the UK.

Analysis of Fundamental Events:

Among the fundamental events on Tuesday, the speech by Federal Reserve representative Thomas Barkin can be noted. However, we believe that this event will have no impact on the currency market. The Fed held a meeting last week, and the ECB and the Bank of England will hold meetings on Thursday. All necessary and important information has either already been obtained by traders or will be available shortly. This week, important labor and unemployment data will be released in the US, and following the publication, comments from Fed representatives are expected. The market is in no doubt that the Fed is unlikely to pursue new monetary easing in the first half of this year, but everything will depend on the state of the labor market. If Jerome Powell was correct in his assessments and the labor market is recovering, then additional easing will not be required in the near future. It is also worth recalling that at any moment, Trump could order a strike on Iran, which is unlikely to go unnoticed by traders.

General Conclusions:

During the second trading day of the week, both currency pairs may show relatively weak movements, as no important events are scheduled for today. The euro can be traded today in the range of 1.1830-1.1837, while the British pound can be traded in the range of 1.3643-1.3652. Fundamental events could send the dollar into another knockout at any moment.

Main Rules of the Trading System:

1. The strength of the signal is determined by the time it took to form the signal (rebound or breaking through the level). The shorter the time, the stronger the signal.
2. If two or more trades were opened around a particular level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat market, any pair can generate numerous false signals or no signals at all. In any case, it is best to stop trading at the first signs of a flat.
4. Trades are opened during the time period between the start of the European session and until the middle of the American session, after which all trades should be manually closed.
5. On the hourly timeframe, signals from the MACD indicator should ideally be traded only when there is good volatility and a trend confirmed by a trend line or channel.
6. If two levels are too close to each other (ranging from 5 to 20 pips), they should be considered as a support or resistance area.
7. After moving 15-20 pips in the correct direction, it is advisable to set the Stop Loss to break-even.

What's on the Charts:

• Support and resistance levels are targets for opening buy or sell trades. Take Profit levels can be placed around them.
• Red lines indicate channels or trend lines that reflect the current trend and indicate the preferred direction for trading now.
• The MACD indicator (14,22,3) – the histogram and signal line – serves as a supplementary indicator that can also be used as a source of signals.
• Important speeches and reports (always found in the news calendar) can significantly influence the movement of the currency pair. Therefore, during their release, trading should be conducted with maximum caution, or it is advised to exit the market to avoid a sharp price reversal against the preceding movement.
• Beginners trading in the Forex market should remember that not every trade can be profitable. Developing a clear strategy and practicing sound money management are the keys to long-term trading success.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Paolo Greco,
Analytical expert of InstaSpot
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