Warunki handlowe
Narzędzia
On Monday, the GBP/USD pair exhibited virtually no trading activity. The volatility of the British pound was even lower than that of the European currency. The price continued its insignificant decline toward the ascending trend line, and we consider the preservation of the upward trend for the British pound to be a positive sign – the trend for the euro may also recover. There were no reasons for the euro to decline on Monday, so we witnessed another illogical drop. This decline appears especially illogical ahead of the Federal Reserve meeting, where the rate will be cut for the third consecutive time. The U.S. dollar should be under pressure from the market now, not the other way around. Market makers may be attempting to confuse inexperienced traders again. There is a high probability that the breach of the trend line for the euro is false. The macroeconomic background in the UK and the U.S. was absent yesterday, as the market continues to await the Fed meeting.
On the hourly timeframe, the GBP/USD pair continues to form a local upward trend. As we mentioned, there are no global reasons for the dollar's medium-term growth, so we expect movements to be bullish. The correction/flat on the daily timeframe may not yet be complete, but any local upward trend on the hourly timeframe potentially signals a resumption of the global trend. The Fed meeting this week could significantly help form an upward trend.
On Tuesday, beginner traders can again expect trading signals to form in the area of 1.3319-1.3331. A consolidation above this area would allow for the opening of new long positions with a target at 1.3413. A consolidation below it would imply short positions with a target at 1.3259-1.3267. However, it is essential to remember that the current movements are extremely weak.
On the 5-minute timeframe, trading can be conducted at the following levels: 1.2913, 1.2980-1.2993, 1.3043, 1.3096-1.3107, 1.3203-1.3212, 1.3259-1.3267, 1.3319-1.3331, 1.3413-1.3421, 1.3466-1.3475, 1.3529-1.3543, 1.3574-1.3590. On Monday, no significant events are scheduled in the UK, but several U.S. reports are noteworthy. These include the ADP and JOLTs reports. The data from the JOLTs report can already be considered outdated, and the ADP report will present weekly rather than monthly statistics, rendering it relatively insignificant.
Important Note: Significant 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 cautiously or exit the market to avoid sharp reversals against the preceding movement.
Remember: For beginners trading in the Forex market, it is important to understand that not every trade can be profitable. Developing a clear strategy and practicing money management are keys to long-term trading success.
Dzięki analizom InstaForex zawsze będziesz na bieżące z trendami rynkowymi! Zarejestruj się w InstaForex i uzyskaj dostęp do jeszcze większej liczby bezpłatnych usług dla zyskownego handlu.