Trading plan for EURUSD, GBPUSD, USDJPY for 31/03/2021
EURUSD*
Technical analysis**:
Trend: -1
Trend power: -4
Overbought/Oversold: oversold
Preferable trade direction: sell
Sell near 1,1760 with a stop loss above 1,1790 and a take profit near 1,1700.
Sell near 1,1860 with a stop loss above 1,1900 and a take profit near 1,1770.
GBPUSD
Technical analysis**:
Trend: 0
Trend power: -1
Overbought/Oversold: absent
Preferable trade direction: sell
Sell near 1,3790 with a stop loss above 1,3830 and a take profit near 1,3680.
Sell near 1,3860 with a stop loss above 1,3910 and a take profit near 1,3750.
USDJPY
Technical analysis**:
Trend: 1
Trend power: 4
Overbought/Oversold: overbuying
Preferable trade direction: buy
Buy near 110,20 with a stop loss above 109,80 and a take profit near 111,00.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analy
sis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
Technical analysis**:
Trend: -1
Trend power: -4
Overbought/Oversold: oversold
Preferable trade direction: sell
Sell near 1,1760 with a stop loss above 1,1790 and a take profit near 1,1700.
Sell near 1,1860 with a stop loss above 1,1900 and a take profit near 1,1770.
GBPUSD
Technical analysis**:
Trend: 0
Trend power: -1
Overbought/Oversold: absent
Preferable trade direction: sell
Sell near 1,3790 with a stop loss above 1,3830 and a take profit near 1,3680.
Sell near 1,3860 with a stop loss above 1,3910 and a take profit near 1,3750.
USDJPY
Technical analysis**:
Trend: 1
Trend power: 4
Overbought/Oversold: overbuying
Preferable trade direction: buy
Buy near 110,20 with a stop loss above 109,80 and a take profit near 111,00.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analy
sis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
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