Tag: Analysis

Technical analysis of GBP/USD for August 21, 2019

Overview:The GBP/USD pair continues to move downwards from the zone of 1.2287. The GBP/USD pair movement was debatable as it took place in a downside channel for a while. But, the market showed signs of instability between the levels of 1.2122 and 1…

Trading plan for EURUSD on 08/21/2019

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The main event – minutes of the Fed in the evening at 19:00 London time.

The main news: Trump puts pressure on the Fed, demanding to lower the rate and offers to lower the capital gains tax. Trump is trying to spur economic growth, despite the fact that the US economy is already in very good shape.

EURUSD: the euro stopped ahead of the strong support levels of 1.1065 and 1.1025.

We keep sales from 1.1160, stop in a breakeven.

Possible sales on a breakdown of 1.1065 and 1.1025 down. Stop at 45 points in a 4-digit.

The material has been provided by InstaForex Company – www.instaforex.com

GBP/USD approaching resistance, potential drop!

GBPUSD is approaching our first resistance where we might be seeing a drop below this level.Entry: 1.2205Why it’s good : Horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extensionStop Loss : 1.2254Why it’s good : Horizonta…

USD/CAD pulled back right below key resistance!

Price pulled back below resistance and drop is in progress.Entry: 1.33060Why it’s good : 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal swing high resistanceStop Loss : 1.33470Why it’s good : 61.8% Fibonacci extensionTak…

USD/JPY approaching resistance, potential drop!

USDJPY is approaching 1st resistance at 106.71, potential drop could occur!Entry :106.71Why it’s good : horizontal pullback resistance61.8% Fibonacci extension38.2% Fibonacci retracement
Take Profit : 105.73Why it’s good : 61.8% Fibonacci retracement61…

Brexit rhetoric to put pressure on GBP, buying on dips

The pound sterling climbed sharply higher during New York trading on Tuesday as political factors dominated the currency.The UK government has insisted that the Northern Ireland backstop needs to be taken out of the EU Withdrawal Agreement in order to …