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Fundamental analysis

10.11.202506:46 Forex Analysis & Reviews: What to Focus on November 10: Analysis of Fundamental Events for Beginners

Analysis of Macroeconomic Reports:

No macroeconomic reports are scheduled for Monday; however, it's important to note that the market has recently ignored many reports and events. Additionally, due to the U.S. shutdown, labor market and unemployment data have not been released for a month and a half (excluding the incomplete and inaccurate ADP report). As a result, it is currently extremely difficult to determine the state of the American labor market, which has recently raised numerous concerns among Federal Reserve officials. Other important reports often do not provoke logical reactions. Thus, novice traders may very well experience yet another "boring Monday" with low volatility.

Analysis of Fundamental Events:

General Conclusions:

On the first trading day of the week, both currency pairs may continue to move higher, as sufficient buy signals have formed over the past few days. The euro has bounced off the 1.1571-1.1584 area, but the decline may be brief. The British pound has rebounded from the area of 1.3096-1.3107, so long positions can be maintained until a sell signal is formed with a target of 1.3203.

Key Principles of My Trading System:

1. The strength of the signal is considered based on the time taken to form the signal (bounce or breach of a level). The less time taken, the stronger the signal.
2. If two or more trades have been opened around a certain level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat market, any pair can create numerous false signals or may not form them at all. In any case, it's best to stop trading at the first signs of a flat.
4. Trading deals are opened during the period between the start of the European session and the middle of the American session, after which all deals should be closed manually.
5. On the hourly timeframe, it is preferable to trade based on signals from the MACD indicator only when there is good volatility and a trend that is confirmed by a trend line or trend channel.
6. If two levels are too close to each other (between 5 and 20 pips), they should be treated as an area of support or resistance.
7. After a 15-20-pip move in the right direction, a Stop Loss should be set to breakeven.

What the Charts Show:

• Support and resistance price levels are targets for opening buy or sell positions. Take Profit levels can be placed around them.
• Red lines indicate trend channels or trend lines, reflecting the current trend and indicating the preferred trading direction.
• The MACD indicator (14,22,3) — histogram and signal line — is a supplementary indicator that can also be used as a source of signals.

Important announcements and reports (always available in the news calendar) can significantly impact the movement of the currency pair. Therefore, during their release, it is recommended to trade with maximum caution or to exit the market to avoid sharp reversals against the preceding movement.

Beginners trading on the Forex market should remember that not every trade can be profitable. Developing a clear strategy and money management is key to long-term success in trading.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Paolo Greco,
Analytical expert of InstaSpot
© 2007-2025

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