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18.05.201808:34 Forex Analysis & Reviews: Trading plan 05/18/2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trading plan 05/18/2018

The general picture: The range.

The market was balanced. The long-term trend of the fall of the US dollar, which lasted from the spring of 2017, was broken because of the Fed's rate hike and US Treasury yield growth,a s well as, the U.S. Treasury yield growth amid the ECB's refusal to tighten monetary policy.

However, after the dollar strengthened by 4.4%, the market is not ready to buy a dollar with the same activity.

The market is waiting for new impulses from the news, but the news background is very weak.

GBP/USD pair: We trade in the range of the breakout.

We are buying from the level of 1.3630.

We are selling from the level of 1.3440.

Exchange Rates 18.05.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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