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30.01.201802:41 Forex Analysis & Reviews: The trading plan for the US session on January 29 is EUR/USD and GBP/USD

Long-term review
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

EUR/USD

To open long positions for EURUSD, it is required:

The situation in comparison with the morning forecast remains unchanged. Only a break with a consolidation above 1.2449 will lead to a second wave of growth in the European currency with the renewal of a resistance at 1.2532, where I recommend that you lock in the profit for today. In the event of a decline towards the level of 1.2389, you can consider new long positions after the formation of a false breakdown at 1.2339 or a rebound from 1.2255.

To open short positions for EURUSD, it is required:

The steadying below 1.2389 may lead to a sellout in the strong support area of 1.2339, where I recommend locking in profits. In case of a more powerful downward momentum, the EUR/USD could collapse into the support area of 1.2255. The formation of a false breakout and a return below 1.2449 will also indicate the presence of euro sellers in the market.

Exchange Rates 30.01.2018 analysis

GBP/USD

To open long positions for GBP/USD, it is required:

Buyers lost the level of 1.4086 and count on their return only after a consolidation above 1.4086, which will lead to a larger upward impulse in the area of 1.4159, where I recommend locking in profits. In the event of a further decline in the pound, it is best to pay attention to long positions after the test at 1.4015, or immediately buy the GBP/USD for a rebound from 1.3920.

To open short positions for GBP/USD, it is required:

Sellers are trying to gain a foothold at 1.4086, and while the trade is below this range, you can continue to rely on a continued drop in the pound with the update at 1.4015 and the key target of reaching a more powerful level of 1.3920, where I recommend locking in profits. In case of a return to 1.4086, you can open short positions immediately towards a rebound with a test of 1.4159.

Exchange Rates 30.01.2018 analysis

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
Miroslaw Bawulski
Analytical expert of InstaForex
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