Analysis of transactions in the EUR / USD pair
Several buy signals appeared in the market on Thursday, but the first one had to be ignored because it came when the MACD line was at the overbought area. Fortunately, the second signal appeared when the indicator was going up from zero, so euro was able to climb by around 15 pips.
Trading recommendations for June 25
Euro traded sideways on Thursday, as data from IFO and US labor market did not differ much with the projections of analysts. But today, a decline may occur if upcoming reports on US income and expenses turn out much better than expected, as it will most likely lead to a surge in volatility. There will also be a report on EU lending, but it is unlikely to have a significant impact on the market.
For long positions:
Open a long position when euro reaches 1.1946 (green line on the chart), and then take profit around the level of 1.1991. Strong reports from the Eurozone and unexpected decisions at the EU summit may set off a rally. But before buying, make sure that the MACD line is above zero, or is starting to rise from it.
For short positions:
Open a short position when euro reaches 1.1925 (red line on the chart), and then take profit at the level of 1.1875. Further decline may occur if euro drops below 1.1925. But before selling, make sure that the MACD line is below zero, or is starting to move down from it.
What’s on the chart:
The thin green line is the key level at which you can place long positions in the EUR / USD pair.
The thick green line is the target price, since the quote is unlikely to move above this level.
The thin red line is the level at which you can place short positions in the EUR / USD pair.
The thick red line is the target price, since the quote is unlikely to move below this level.
MACD line – when entering the market, it is important to be guided by the overbought and oversold zones.
Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.
And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decisions based on the current market situation is an inherently losing strategy for an intraday trader.
Analysis of transactions in the GBP / USD pair
Several signals appeared in the market on Thursday. The first one is to buy at 1.3974, but it did not lead to a strong price increase, even though the MACD line was going up from zero. The same thing happened with the signal to sell at 1.3945. Pound also did not decline very much, even though the MACD line, by that time, was going down from zero.
Trading recommendations for June 25
Pound slipped on Thursday, after the Bank of England announced that they are leaving monetary policy unchanged. Further decline may occur if upcoming data on US income and expenses turn out much better than expected, as it will most likely lead to a surge in volatility. A report on UK retail sales will also be published, but it is unlikely to have a significant impact on the market.
For long positions:
Open a long position when pound reaches 1.3935 (green line on the chart), and then take profit at the level of 1.3999 (thicker green line on the chart). Further growth may occur if pound breaks through 1.3935, and if there is good retail sales data from UK. But before buying, make sure that the MACD line is above zero, or is starting to rise from it.
For short positions:
Open a short position when pound reaches 1.3910 (red line on the chart), and then take profit at the level of 1.3861. But before selling, make sure that the MACD line is below zero, or is starting to move down from it.
What’s on the chart:
The thin green line is the key level at which you can place long positions in the GBP/USD pair.
The thick green line is the target price, since the quote is unlikely to move above this level.
The thin red line is the level at which you can place short positions in the GBP/USD pair.
The thick red line is the target price, since the quote is unlikely to move below this level.
MACD line – when entering the market, it is important to be guided by the overbought and oversold zones.
Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.
And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decisions based on the current market situation is an inherently losing strategy for an intraday trader.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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