empty
 
 
07.10.2020 08:49 AM
Brief trading recommendations for EUR/USD and GBP/USD on 10/07/20

This image is no longer relevant

The EUR/USD pair, moving along the correction course from the local low of 1.1612, found a resistance point near the middle level of the side channel 1.1700//1.1810//1.1910, where there was a slowdown and as a result, a price reversal.

The level of 1.1810 has repeatedly played the role of resistance, as well as the support level, where traders could prepare in advance for a stop and a possible rebound.

Another interaction between the price coordinate (1.1810) and market participants occurred yesterday, where it was possible to earn profit on the euro's weakening.

In the previous analytical review, we considered the option of short positions* (sell positions*), where the entrance is below 1.1770, with the prospect of moving to 1.1730-1.1700.

Relative to the current price fluctuation, a slight slowdown is recorded after an active decline, where the quote has already reached the coordinate level of 1.1730. We can assume that the level of 1.1700 will be the center of special attention, since the next movement will be determined depending on the behavior of the market participants. This judgment provides a rebound/breakout trading tactic relative to the level of 1.1700.

- Buying a pair is recommended at a price above 1.1745, with the prospect of moving to the level of 1.1775.

- Selling a pair is recommended at a price below 1.1700, with the prospect of moving to the level of 1.1650.

This image is no longer relevant

On the other hand, the GBP/USD pair, which is in a correction stage from the local low of 1.2674, reached an important price level of 1.3000, where a natural slowdown occurred in the market.

In turn, the price levels that end in three zeros (1.3000, 1.2000, 1.1000), are considered psychological in the market, they are given special attention by traders, which leads to a natural slowdown and a possible rebound from it.

In the previous analytical review, the logical basis of the level of 1.3000 was pointed out, where the price rebound is predicted in the direction of 1.2900, which occurred as a result in the market.

Regarding the current price fluctuation, there was a slowdown in activity within the level of 1.2885, where the quote must consolidate below 1.2865 in order to resume the downward interest, which will lead to the next move in the direction of 1.2820-1.2805.

This image is no longer relevant

Gven Podolsky,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2024
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع 3,000 دولار في حسابك واحصل على $8,000 وأكثر من ذالك!
    في مايو نحن نقدم باليانصيب $8,000 ضمن حملة إيداع الحظ!
    احصل على فرصة للفوز من خلال إيداع 3,000 دولار في حساب تداول. بعد أن استوفيت هذا الشرط، تصبح مشاركًا في الحملة.
    انضم إلى المسابقة
  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص

المقالات الموصى بها

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.
Widget callback