empty
29.11.2023 03:58 PM
How to trade the EUR/USD currency pair on November 29th? Simple tips and analysis of deals for beginners

Analysis of Tuesday's Transactions:

1-hour chart of the EUR/USD pair.

This image is no longer relevant

The currency pair EUR/USD continued its upward movement on Tuesday. Should we once again emphasize that the pair had no grounds for this? We mean fundamental and macroeconomic reasons. Throughout yesterday, novice traders could only pay attention to a series of speeches by representatives of the ECB and the Fed. However, none of the officials shared important information with the market. They all repeatedly say the same things: it is still too early to declare victory over inflation, the interest rate may be raised if necessary, and there are upward risks for inflation. The market has long known all this and has even memorized it. Therefore, such statements have no benefit.

From a technical point of view, the upward trend persists. Since the price continues to stay above the upward trend line, there is no reason to expect a strong decline in the pair now. Such reasons only exist if we recall the groundlessness of the current northward movement.

5-minute chart of the EUR/USD pair.
This image is no longer relevant

In the 5-minute timeframe, several good trading signals were formed yesterday, which should have been worked out. During the European trading session, the price bounced off the level of 1.0936, where long positions should have been opened. The price subsequently rose to the level of 1.1011, from which it almost perfectly bounced off in terms of accuracy. At this point, longs should have been closed (profit was about 50 points), and perhaps even a short position opened. The only concern was the time it took to form this signal. If beginners worked it out, they would make a profit of 20 points. If not, the first trade still brought a decent profit.

How to trade on Wednesday:

On the hourly timeframe, the pair maintains a correctional trend. A correction remains a correction, so we expect its completion and the resumption of the downward trend. At the moment, we have an upward trend line, so the completion of the correctional trend can be determined by the price settling below it. On the 5-minute timeframe tomorrow, consider the levels 1.0568, 1.0611-1.0618, 1.0668, 1.0733, 1.0767-1.0781, 1.0835, 1.0896-1.0904, 1.0936, 1.0971-1.0981, 1.1011, 1.1043, and 1.1091. When passing 15 points in the right direction, you can set a breakeven point. Stop Loss. On Wednesday, a relatively important inflation report for November will be released in Germany and the USA - the third estimate of GDP for the third quarter. Theoretically, both of these reports can provoke a market reaction, but in practice, it may not occur at all, or it may be completely different from what traders expect.

Main Rules of the Trading System:

  1. The strength of the signal is considered based on the time it took to form the signal (bounce or level breakthrough). The less time it took, the stronger the signal.
  2. If two or more trades were opened near a certain level on false signals, all subsequent signals from this level should be ignored.
  3. In a flat, any pair can form a lot of false signals or not form them at all. But in any case, at the first signs of a flat, it is better to stop trading.
  4. Trades are opened in the period between the start of the European session and the mid-American session when all trades must be manually closed.
  5. On the 30-minute timeframe, based on MACD signals, you can only trade with good volatility and a confirmed trend, indicated by the trend line or trend channel.
  6. If two levels are located too close to each other (from 5 to 15 points), they should be considered a support or resistance area.

What's on the Charts:

Support and resistance levels - levels that serve as targets when opening buy or sell positions. Take Profit levels can be placed around them.

Red lines - channels or trendlines that reflect the current trend and show the preferred direction for trading.

MACD indicator (14, 22, 3) - histogram and signal line - an auxiliary indicator that can also be used as a source of signals.

Important speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade with maximum caution or exit the market to avoid a sharp reversal of the price against the previous movement.

For beginners trading in the forex market, it is essential to remember that not every trade can be profitable. Developing a clear strategy and money management are the keys to success in trading over the long term.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

GBP/USD:6月9日美國交易時段交易計劃(上午交易分析)

在我的早晨預測中,我專注於1.3581這一水平,並計劃基於這一水平做出進入市場的決策。讓我們看一下5分鐘的圖表,看看發生了什麼。

Miroslaw Bawulski 14:16 2025-06-09 UTC+2

歐元/美元:6月9日美國交易時段的交易計劃(早盤交易分析)

在我早上的預測中,我專注於1.1430的位階,並計劃以此作為入市決策的基礎。讓我們來看一下5分鐘圖,看看到底發生了什麼。

Miroslaw Bawulski 14:09 2025-06-09 UTC+2

如何在6月9日交易GBP/USD貨幣對?新手的簡單技巧與交易分析

週五,英鎊/美元匯率也因與歐元/美元匯率相同的原因而下跌。美元受到了來自海外不錯的宏觀經濟數據的微弱支撐,但這種增長並未開啟任何新的前景。

Paolo Greco 05:54 2025-06-09 UTC+2

如何在6月9日交易歐元/美元對?給初學者的簡單提示和交易分析

在週五,歐元/美元匯率走低,這背後有其客觀原因。然而,需要指出的是,截至當天結束時,美元已經強勢上漲了「整整」50個點。

Paolo Greco 05:54 2025-06-09 UTC+2

2023年6月9日GBP/USD交易建議與分析:英鎊再次改變趨勢

週五,英鎊/美元貨幣對呈現下跌走勢,由於趨勢線非常接近價格,即使是微小的下降也足以突破該趨勢線。回顧十天前,英鎊顯示出轉向下跌趨勢的跡象。

Paolo Greco 03:33 2025-06-09 UTC+2

歐元/美元6月9日交易建議及分析:這次美元的增長能持續多久?

在星期五,EUR/USD 貨幣對持續其相對溫和的下跌趨勢,並在熟悉的上升趨勢線附近結束當天交易。回顧大約 10 天前,該趨勢線被突破,這意味著上升趨勢的結束。

Paolo Greco 03:33 2025-06-09 UTC+2

GBP/USD:6月6日美國交易時段的交易計劃(早盤交易回顧)

在我的早晨預測中,我強調了1.3544這個水平,並計劃根據它來做出市場進入的決策。讓我們來看看5分鐘圖表,看看發生了什麼。

Miroslaw Bawulski 15:38 2025-06-06 UTC+2

EUR/USD:6月6日美國交易時段交易計劃(上午交易回顧)

在我早上的預測中,我強調了1.1407這個水平,並計劃在此基礎上做出市場進入的決策。讓我們看看5分鐘圖來了解發生了什麼情況。

Miroslaw Bawulski 15:36 2025-06-06 UTC+2

如何在6月6日交易GBP/USD貨幣對? 新手的簡單技巧與交易分析

週四交易分析:GBP/USD 1小時圖。 週四,英鎊/美元對繼續上行,儘管其上漲的理由甚至比歐元/美元對還要少。

Paolo Greco 09:57 2025-06-06 UTC+2

如何在6月6日交易歐元/美元貨幣對?給新手的簡單提示和交易分析

歐元/美元貨幣對週四繼續上行走勢,符合當前的趨勢。沒有任何原因引發歐元的新一輪「暴漲」。

Paolo Greco 09:51 2025-06-06 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.