empty
bd
Support
Instant account opening
Trading Platform
Deposit/Withdraw

24.03.202508:22 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: Intraday Strategies for Beginner Traders on March 24

The euro and pound remained under pressure at the end of last week. A correction in these trading instruments had been long overdue, and for now, risk asset buyers have no reason to panic.

The euro came under additional pressure due to growing concerns about a further slowdown in economic growth in the region. In turn, comments from Federal Reserve officials reinforced expectations for a cautious rate-cutting approach in the U.S., which supported the dollar and negatively affected the euro. In this environment, market participants are showing caution and avoiding riskier assets. The euro's trajectory will largely depend on incoming macroeconomic data and signals from central banks.

This morning, economic reports that could slow the euro's decline will be released — but only if the actual readings exceed expectations. Specifically, the Eurozone's March manufacturing PMI, services PMI, and composite PMI will be published. Given signs of a recovery in manufacturing activity in Eurozone countries, supported by the European Central Bank's more accommodative monetary policy, the outlook for the euro strengthening in the first half of the day appears relatively optimistic.

Close attention will be paid to the manufacturing PMI, a key barometer of the industrial sector's health. An increase in this index may indicate a recovery in production capacity and an improving economy. Conversely, a drop in the PMI could signal slowing economic development or an approaching recession.

Similar data will be released for the UK, with more emphasis on the services sector, which makes up more than 70% of the British economy. The services activity index is crucial, reflecting the state of sectors like commerce, banking, logistics, and others. This indicator provides insights into consumer spending levels and the overall economic landscape.

The Mean Reversion strategy is recommended if the data aligns with economists' expectations. If the figures deviate significantly from expectations, the Momentum strategy is preferred.

Momentum Strategy (on breakout):

EUR/USD

Buying on a breakout above 1.0840 could lead to a rise toward 1.0870 and 1.0910.

Selling on a breakout below 1.0805 could lead to a decline toward 1.0770 and 1.0740.

GBP/USD

Buying on a breakout above 1.2935 could lead to a rise toward 1.2975 and 1.3010.

Selling on a breakout below 1.2910 could lead to a decline toward 1.2875 and 1.2841.

USD/JPY

Buying on a breakout above 149.92 could lead to a rise toward 150.18 and 150.49.

Selling on a breakout below 149.62 could lead to a decline toward 149.32 and 148.97.

Mean Reversion Strategy (on pullbacks):

Exchange Rates 24.03.2025 analysis

EUR/USD

I'll look to sell after a failed breakout above 1.0847, once price returns below this level.

I'll look to buy after a failed breakout below 1.0813, once price returns to this level.

Exchange Rates 24.03.2025 analysis

GBP/USD

I'll look to sell after a failed breakout above 1.2942, once price returns below this level.

I'll look to buy after a failed breakout below 1.2903, once price returns to this level.

Exchange Rates 24.03.2025 analysis

AUD/USD

I'll look to sell after a failed breakout above 0.6304, once price returns below this level.

I'll look to buy after a failed breakout below 0.6268, once price returns to this level.

Exchange Rates 24.03.2025 analysis

USD/CAD

I'll look to sell after a failed breakout above 1.4358, once price returns below this level.

I'll look to buy after a failed breakout below 1.4318, once price returns to this level.

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

বিশ্লেষকদের পরামর্শসমূহের উপকারিতা এখনি গ্রহণ করুন
ট্রেডিং অ্যাকাউন্টে অর্থ জমা করুন
ট্রেডিং অ্যাকাউন্ট খুলুন

ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।

আরও দেখুন


ফরেক্স নিউজ
  • 2025-04-15 06:24:41
    US 6-Month Bill Auction Sees Slight Uptick in Yields to 4.060%
    2025-04-15 06:24:41
    U.S. 3-Month Treasury Bill Yields Tick Up Slightly at Latest Auction
    2025-04-15 06:24:41
    US Consumer Inflation Expectations Highest Since 2023
    2025-04-15 06:24:41
    NY Fed Reports Increase in Consumer Inflation Expectations for March
    2025-04-15 06:24:41
    Heating Oil Rebounds
    2025-04-15 06:24:41
    Baltic Dry Index Up for 3rd Day
    2025-04-15 06:24:41
    US Natgas Prices Little Changed Near $3.5/MMBtu
    2025-04-15 06:24:41
    TSX Starts the Week Strong
    2025-04-15 06:24:41
    Ibovespa Starts the Week in the Green
    2025-04-15 06:24:41
    US Stocks Start Week Sharply Higher
  • 2025-04-15 06:24:41
    Indonesia Car Sales Plummet to -5.10% in March as Market Conditions Tighten
    2025-04-15 06:24:41
    US 10-Year Treasury Yield Declines for Second Session
    2025-04-15 06:24:41
    Indonesia Consumer Mood Falls to 5-Month Low
    2025-04-15 06:24:41
    Indonesia Car Sales Fall 5.1% YoY in February
    2025-04-15 06:24:41
    Hong Kong Equities Subdued
    2025-04-15 06:24:41
    Australia 10-Year Yield Falls After RBA Minutes
    2025-04-15 06:24:41
    Indonesia's Consumer Confidence Dips in March, A Sign of Economic Caution
    2025-04-15 06:24:41
    South Korea's M2 Money Supply Experiences Slight Decline in February
    2025-04-15 06:24:41
    Offshore Yuan Pressured by US Tariff Moves
    2025-04-15 06:24:41
    Australian Dollar Extends Rally on Risk-On Mood
  • 2025-04-15 06:24:41
    South Korean Won Weakens on Dollar Rebound
    2025-04-15 06:24:41
    Japanese Yen Weakens as Risk Sentiment Improves
    2025-04-15 06:24:41
    NZ Dollar Hits Over 4-Month High
    2025-04-15 06:24:41
    Gold Rises on Tariff Uncertainty
    2025-04-15 06:24:41
    China Stocks Retreat on Renewed Trade War Fears
    2025-04-15 06:24:41
    RBA Cautious on Rate Outlook: April Minutes
    2025-04-15 06:24:41
    Dollar Rebounds as Market Sentiment Stabilizes
    2025-04-15 06:24:41
    South Korea Boosts Chip Support Package
    2025-04-15 06:24:41
    El Salvador Inflation Rate Accelerates to 0.14%
    2025-04-15 06:24:41
    Oil Rises on Hopes of More Tariff Exemptions
  • 2025-04-15 06:24:41
    South Korean Shares Extend Gains
    2025-04-15 06:24:41
    Australian Shares Edge Higher as Resource Stocks Rally
    2025-04-15 06:24:41
    Japanese Shares Climb for Second Straight Session
    2025-04-15 06:24:41
    US Futures Dip Ahead of Key Corporate Earnings
    2025-04-15 06:24:41
    UK Retail Sales Beat Expectations in March
    2025-04-15 06:24:41
    New Zealand Shares Edge Lower
    2025-04-15 06:24:41
    UK Retail Sales Maintain March Momentum, Holding Steady at 0.9% Year-over-Year
    2025-04-15 06:24:41
    New Zealand Food Inflation Hits 14-Month High in March
    2025-04-15 06:24:41
    New Zealand's Food Price Index Sees a Positive Uptick in March 2025
    2025-04-15 06:24:41
    Ibovespa Off to a Strong Start
  • 2025-04-15 06:24:41
    TSX Rises on Financial Sector Strength
    2025-04-15 06:24:41
    US Stocks Gain as Tech Tariff Exemption Sparks Rally
    2025-04-15 06:24:41
    Brazil 10-Year Bond Yield Declines
    2025-04-15 06:24:41
    Zinc Bounces from 1-Year Low
    2025-04-15 06:24:41
    US Stocks Pare Early Gains
    2025-04-15 06:24:41
    Mexican Peso Strengthened to 20.1 per USD
    2025-04-15 06:24:41
    Oil Prices Fluctuate Amid US-Iran Talks, Tariff Uncertainty
    2025-04-15 06:24:41
    Canada 10-Year Bond Yield Retreats from 11-Week High
    2025-04-15 06:24:41
    European Stocks Close Sharply Higher
    2025-04-15 06:24:41
    DXY Falls to 3-Year Low
  • 2025-04-15 06:24:41
    US 6-Month Bill Auction Sees Slight Uptick in Yields to 4.060%
    2025-04-15 06:24:41
    U.S. 3-Month Treasury Bill Yields Tick Up Slightly at Latest Auction
    2025-04-15 06:24:41
    US Consumer Inflation Expectations Highest Since 2023
    2025-04-15 06:24:41
    NY Fed Reports Increase in Consumer Inflation Expectations for March
    2025-04-15 06:24:41
    Heating Oil Rebounds
    2025-04-15 06:24:41
    Baltic Dry Index Up for 3rd Day
    2025-04-15 06:24:41
    US Natgas Prices Little Changed Near $3.5/MMBtu
    2025-04-15 06:24:41
    TSX Starts the Week Strong
    2025-04-15 06:24:41
    Ibovespa Starts the Week in the Green
    2025-04-15 06:24:41
    US Stocks Start Week Sharply Higher
  • 2025-04-15 06:24:41
    Indonesia Car Sales Plummet to -5.10% in March as Market Conditions Tighten
    2025-04-15 06:24:41
    US 10-Year Treasury Yield Declines for Second Session
    2025-04-15 06:24:41
    Indonesia Consumer Mood Falls to 5-Month Low
    2025-04-15 06:24:41
    Indonesia Car Sales Fall 5.1% YoY in February
    2025-04-15 06:24:41
    Hong Kong Equities Subdued
    2025-04-15 06:24:41
    Australia 10-Year Yield Falls After RBA Minutes
    2025-04-15 06:24:41
    Indonesia's Consumer Confidence Dips in March, A Sign of Economic Caution
    2025-04-15 06:24:41
    South Korea's M2 Money Supply Experiences Slight Decline in February
    2025-04-15 06:24:41
    Offshore Yuan Pressured by US Tariff Moves
    2025-04-15 06:24:41
    Australian Dollar Extends Rally on Risk-On Mood
এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.
 

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 InstaSpot anyway.

We are sorry for any inconvenience caused by this message.