Trading Conditions
Products
Tools
EUR / USD
To open long positions on EURUSD, it is required:
New purchases of the euro is best after the breakdown and consolidation above the level of 1.1815. This will lead to further upward correction with an update at 1.1845, where it is recommended to lock in profits. In case of a decline in the euro in the first half of the day, the first level of purchases will be in the area of 1.1786. The formation of a false breakdown on it will be a good signal to increase long positions in EUR / USD. For the rebound, it is recommended to buy the euro after the test at 1.1761.
To open short positions on EURUSD, it is required:
Sellers will try to form a false breakdown of the level of 1.1815 and gain a foothold under the channel's average border near 1.1786 today. This will open good prospects for an update at 1.1761 and a further decrease to 1.1731. If the euro rises above 1.1815, It is recommended to go on short positions only after updating the level of 1.1845.
GBP / USD
To open long positions on GBPUSD, it is required:
New purchases of the British pound is best after growth and consolidation above 1.3224. The main goal is the exit to a very large resistance at 1.3282, where I recommend fixing the profit today. In case of a pound drop in the morning, it is best to buy after a false breakout is formed at the interim support of 1.3184 or at a rebound of 1.3142.
To open short positions on GBPUSD, it is required:
Sellers will try to form a false breakdown at 1.3224 after updating today's high, which will be the first signal for the opening of short positions on the pound. The fastening below 1.3184 will lead to a larger sellout of the GBP / USD pair with an update at 1.3142 in the afternoon. In case of the pound rising above 1.3224, returning to short positions is best after updating the resistance level at 1.3282.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.