empty
 
 
29.04.2019 09:52 AM
Trading recommendations for the GBPUSD currency pair - placing trade orders (April 29)

By the end of the last trading week, the currency pair pound / dollar showed a low volatility of 67 points, but even with such a low amplitude, the direction of the quote was built in a correction. From the point of view of technical analysis, we see that the quotation has found a foothold in the face of the periodic level 1.2865, from which came the origin of the corrective move went towards the previously predicted values of 1.2935-1.2960.

The information and news background had statistics about the US GDP for the 1st quarter, where they expected a decline from 2.2% to 2.0%, but as a result, it gets accelerated right up to 3.2%. Returning to the information background, we have another drilling on Brexit, where a survey took place last weekend, which showed that Scottish residents are ready for a new referendum on independence, if the United Kingdom does complete the Brexit according to a tough scenario. As we can see, the outgoing news flow in general had to respond positively to the American currency, but no, the dollar was falling, and the reason probably lies in the general overheating, and the so-called technical correction came.

This image is no longer relevant

Today, in terms of the economic calendar, we only have a speech by the head of the Bank of England, Mark Carney.

Further development

Analyzing the current trading chart, we see that the correction is in the construction phase and the quotation has already reached the first control point of 1.2935. It is likely to assume that the correction will continue in the market, where the quotation is within 1.2955-1.2965. It may feel resistance, restoring downward interest.

This image is no longer relevant

Indicator Analysis

Analyzing a different sector of timeframes (TF), we see that there is an upward interest against the background of the correction in the short and intraday perspective. Meanwhile, the medium-term perspective maintains a downward interest on the general background of the market.

This image is no longer relevant

Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily fluctuation, based on monthly / quarterly / year.

(April 29 was based on the time of publication of the article)

The current time volatility is 32 points. Volatility can increase in case of any harsh rhetoric on the part of the head of the Bank of England.

This image is no longer relevant

Key levels

Zones of resistance: 1.3000 **; 1.3220 *; 1,3300 **; 1.3440; 1.3580 *; 1.3700

Support areas: 1.2920 * 1.2770 (1.2720 / 1.2770) **; 1.2620; 1,2500 *; 1.2350 **.

* Periodic level

** Range Level

Gven Podolsky,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback