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1 Fractal analysis of major currency pairs for May 22
Dear colleagues. For the euro / dollar pair, the continuation of the main downward trend development is expected...
Forecast for May 22: Analytical review of H1-scale currency pairs: For the euro / dollar pair, the key levels on the H1 scale are: 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. Here, we continue to follow the development of the downward structure of May 13. Short-term downward movement is expected in the range of 1.1156 - 1.1144. The breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the potential target is the level of...

Forecast for May 22:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1222, 1.1212, 1.1197, 1.1184, 1.1156, 1.1144 and 1.1112. Here, we continue to follow the development of the downward structure of May 13. Short-term downward movement is expected in the range of 1.1156 - 1.1144. The breakdown of the last value should be accompanied by a pronounced downward movement. In this case, the potential target is the level of 1.1112. We expect a rollback to the top from this level.

Short-term ascending movement is possible in the range of 1.1184 - 1.119. The breakdown of the last value will lead to a prolonged correction. Here, the goal is the level of 1.1212. The range of 1.1212 - 1.1222 is a key support for the downward movement. We expect the initial conditions for the ascending cycle to reach it.

The main trend is the downward structure of May 13.

Trading recommendations:

Buy 1.1184 Take profit: 1.1195

Buy 1.1198 Take profit: 1.1210

Sell: 1.1156 Take profit: 1.1145

Sell: 1.1142 Take profit: 1.1116

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2840, 1.2773, 1.2733, 1.2693, 1.2659 and 1.2588. Here, we continue to follow the development of the downward structure of May 3. Meanwhile, in the range of 1.2693 - 1.2659, we expect a short-term downward movement. The breakdown of the level 1.2659 will lead to the movement to the potential target - 1.2588. Upon reaching which, we expect a rollback to the top.

Short-term upward movement is possible in the range of 1.2733 - 1.2773. The breakdown of the latter value will lead to a prolonged correction. Here, the target is the level of 1.2840. This level is a key support for the downward structure.

The main trend is the downward cycle of May 3rd.

Trading recommendations:

Buy: 1.2733 Take profit: 1.2771

Buy: 1.2775 Take profit: 1.2840

Sell: 1.2693 Take profit: 1.2660

Sell: 1.2657 Take profit: 1.2590

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For the dollar / franc pair, the key levels on the H1 scale are: 1.0160, 1.0142, 1.0131, 1.0113, 1.0084, 1.0072 and 1.0048. Here, we are following the formation of the ascending structure of May 13. Continuation of the movement to the top is expected after the breakdown of the level of 1.0113. In this case, the target is the level of 1.0131. Meanwhile, in the range of 1.0131 - 1.0142, there is a short-term upward movement, as well as consolidation. For the potential value for the top, we consider the level of 1.0160. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 1.0084 - 1.0072. The breakdown of the latter value will have to the development of the downward structure. Here, the potential target is the level of 1.0048. Up to this level we expect the initial conditions for the downward cycle.

The main trend is the ascending structure of May 13.

Trading recommendations:

Buy : 1.0113 Take profit: 1.0130

Buy : 1.0142 Take profit: 1.0160

Sell: 1.0084 Take profit: 1.0073

Sell: 1.0070 Take profit: 1.0050

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For the dollar / yen pair, the key levels on the scale are : 111.59, 111.31, 110.98, 110.81, 110.39, 110.23, 109.96 and 109.73. Here, we are following the development of the ascending cycle of May 13. Short-term upward movement is expected in the range of 110.81 - 110.98. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the goal is the level of 111.31. For the potential value for the top, we consider the level of 111.59. After reaching which, we expect a rollback to the bottom.

Short-term downward movement is possible in the range of 110.39 - 110.23. The breakdown of the last value will lead to in-depth correction. Here, the goal is the level of 109.98. This level is a key support for the upward structure. Its breakdown will have to form the initial conditions for the downward cycle. In this case, the potential target will be the level of 109.73.

The main trend: the ascending structure of May 13.

Trading recommendations:

Buy: 111.00 Take profit: 111.30

Buy: 111.33 Take profit: 111.58

Sell: 110.20 Take profit: 109.96

Sell: 109.94 Take profit: 109.75

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3452, 1.3430, 1.3415, 1.3386, 1.3374, 1.3353 and 1.3325. Here, we are following the development of the downward structure of May 17th. Continuation of the movement to the bottom is expected after the passage of the price to the noise range 1.3386 - 1.3374. In this case, the target is the level of 1.3353, wherein consolidation is near this level. For the potential value for the bottom, we consider the level of 1.3325. After reaching which, we expect to go into a correction.

Short-term upward movement is possible in the range of 1.3415 - 1.3430. The breakdown of the latter value will lead to a prolonged correction. Here, the target is the level of 1.3452. This level is a key support for the top.

The main trend is the downward structure of May 17.

Trading recommendations:

Buy: 1.3415 Take profit: 1.3430

Buy : 1.3432 Take profit: 1.3450

Sell: 1.3474 Take profit: 1.3355

Sell: 1.3351 Take profit: 1.3327

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For the pair Australian dollar / US dollar key levels on the H1 scale are : 0.6932, 0.6917, 0.6901, 0.6891, 0.6861, 0.6848, 0.6838, 0.6813 and 0.6795. Here, after the abolition of the ascending structure, we follow the formation of local initial conditions for the downward movement of May 20. Continuation of the movement to the bottom is expected after the breakdown of the level of 0.6861. Here, the target is the level of 0.6848, wherein consolidation is near this level. Passing through the noise range 0.6848 - 0.6838 will lead to the development of a pronounced movement. In this case, the target is the level of 0.6813. For the potential value for the bottom, we consider the level of 0.6795. After reaching which, we expect a rollback to the top.

Short-term upward movement is expected perhaps in the range of 0.6891 - 0.6901. The breakdown of the latter value will lead to a prolonged movement. Here, the goal is the level of 0.6917. This level is a key support for the downward structure.

The main trend is the formation of a local descending structure of May 20.

Trading recommendations:

Buy: 0.6891 Take profit: 0.6900

Buy: 0.6903 Take profit: 0.6916

Sell : 0.6860 Take profit : 0.6848

Sell: 0.6838 Take profit: 0.6815

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For the euro / yen pair, the key levels on the H1 scale are: 124.43, 124.24, 123.91, 123.67, 123.22, 123.00 and 122.68. Here, we are following the development of the ascending cycle of May 15. Short-term upward movement is expected in the range of 123.67 - 123.91. The breakdown of the last value should be accompanied by a pronounced upward movement. Here, the target is the level of 124.24. We consider the level of 124.43 to be a potential value for the top. After reaching which, we expect a consolidation, as well as a pullback to the bottom.

Short-term downward movement is expected in the range of 123.22 - 123.00. The breakdown of the last value will lead to a prolonged correction. Here, the goal is the level of 122.68. This level is a key support for the top.

The main trend is the ascending structure of May 15.

Trading recommendations:

Buy: 123.68 Take profit: 123.90

Buy: 123.94 Take profit: 124.24

Sell: 123.20 Take profit: 123.03

Sell: 122.96 Take profit: 122.70

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For the pound / yen pair, the key levels on the H1 scale are : 143.69, 143.15, 142.39, 142.09, 141.65, 141.14, 140.35, 140.03 and 139.58. Here, the price forms the expressed initial conditions for the top of May 21. Continuation of the movement to the top is expected after the breakdown of the level of 141.14. In this case, the first target is the level of 141.65, wherein consolidation is near this level. Passing the price level of 141.66 will lead to movement to the level of 142.09. A pronounced upward movement is expected after the price passes the noise range of 142.09 - 142.39. In this case, the target is the level of 143.15. For the potential value for the top, we consider the level of 143.69. From which, we expect a rollback to the correction.

Short-term downward movement is possible in the range of 140.35-140.03. The breakdown of the latter value will have to design the descending structure. Here, the target is the level of 139.58.

The main trend is the local ascending structure of May 21.

Trading recommendations:

Buy: 141.14 Take profit: 141.63

Buy: 141.67 Take profit: 142.09

Sell: 140.35 Take profit: 140.05

Sell: 140.00 Take profit: 139.60

Forex analysis 22 May 2019, 03:00 UTC+00
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2 GBP/USD: plan for the European session on May 22. Theresa May's trick did not please the buyers of the pound
GBP/USD: plan for the European session on May 22. Theresa May's trick did not please the buyers of the pound
To open long positions on GBP/USD you need: Yesterday, Theresa May announced that it was possible to hold a new referendum on Brexit, but on the condition that Parliament approves her agreement. This did not please the buyers of the pound, who quickly left the market. At present, it is best to return to long positions on a false breakdown in the support area of 1.2687 or to rebound from a larger level of 1.2614. The target of the bulls for today will be the resistance 1.2747, consolidating...

To open long positions on GBP/USD you need:

Yesterday, Theresa May announced that it was possible to hold a new referendum on Brexit, but on the condition that Parliament approves her agreement. This did not please the buyers of the pound, who quickly left the market. At present, it is best to return to long positions on a false breakdown in the support area of 1.2687 or to rebound from a larger level of 1.2614. The target of the bulls for today will be the resistance 1.2747, consolidating on which will lead to the formation of a large upward correction with the update of the highs of 1.2808 and 1.2858, where I recommend to take profits.

To open short positions on GBP/USD you need:

A breakthrough and consolidation below the support of 1.2687 will lead to a new wave of short positions in GBP/USD with a rise to the lows of 1.2614 and 1.2564, where I recommend taking profits. In case the pound grows, after the release of data on inflation in the UK, a better scenario would be to sell from a resistance of 1.2747, provided a false breakdown, or to rebound from a high of 1.2808, as it was yesterday, after Teresa May's speech.

Indicator signals:

Moving averages

Trading is below 30 and 50 moving averages, which indicates the bearish nature of the market.

Bollinger bands

A break of the lower boundary of the indicator around 1.2665 will be a signal to open short positions in the pound in the expectation of a continued decline. The upper limit in the 1.2747 area will act as resistance.

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Description of indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
Forex analysis 22 May 2019, 07:40 UTC+00
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3 Indicator analysis. Daily review for May 22, 2019 for the currency pairs EUR / USD and GBP / USD
On Tuesday, the market for both currencies moved in the side channels, and this is the merit of fundamental analysis....
On Tuesday, the market for both currencies moved in the side channels, and this is the merit of fundamental analysis. The pair GBP / USD has fulfilled the rollback upwards of 14.6% - 1.2756 (yellow dotted line) and then continued to move downwards. On the other hand, the EUR / USD tested the support line - 1.1146 (blue thin line) once again. However, the news drove the price upwards again. On Wednesday, strong calendar news come out at 8.30 14.30 and 18.00 Universal time. EUR / USD pair ...

On Tuesday, the market for both currencies moved in the side channels, and this is the merit of fundamental analysis. The pair GBP / USD has fulfilled the rollback upwards of 14.6% - 1.2756 (yellow dotted line) and then continued to move downwards. On the other hand, the EUR / USD tested the support line - 1.1146 (blue thin line) once again. However, the news drove the price upwards again. On Wednesday, strong calendar news come out at 8.30 14.30 and 18.00 Universal time.

EUR / USD pair

Trend analysis (Fig. 1).

Today, the price after testing the support line 1.1146 (blue dotted line), can continue to move downwards with the target of 1.1125 - the lower boundary of the Bollinger Line indicator (black dotted line) and move further downwards with the target of 1.1112 - lower fractal.

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Fig. 2 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- weekly schedule - down.

General conclusion:

On Wednesday, we are waiting for the continuation of the downward movement. The first lower target of 1.2662 is the pullback level of 76.4% (blue dashed line) and further down to the lower boundary of the indicator "Bollinger lines" (black dashed line) - 1.2616.

Forex analysis 22 May 2019, 07:57 UTC+00
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4 Burning forecast EURUSD 05/22/2019
EURUSD is ready to break down. It is very likely that we are waiting for an attempt to break through the support zone...
On Tuesday, the EURUSD rate made an attempt to grow - this was fuelled by the pound's growth on reports of the possibility of a new referendum on Brexit. However, the sellers immediately stopped trying. It is very likely that we are waiting for an attempt to break through the support zone of 1.1110 - 1.1130 and the beginning of a big downward trend. We sell from 1.1130. Alternative: buy from 1.1225.

On Tuesday, the EURUSD rate made an attempt to grow - this was fuelled by the pound's growth on reports of the possibility of a new referendum on Brexit.

However, the sellers immediately stopped trying.

It is very likely that we are waiting for an attempt to break through the support zone of 1.1110 - 1.1130 and the beginning of a big downward trend.

We sell from 1.1130.

Alternative: buy from 1.1225.

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Forex analysis 22 May 2019, 08:06 UTC+00
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5 Wave analysis of EUR / USD and GBP / USD for May 22. UK prepares for change of prime minister
Theresa May is preparing to announce the date of her resignation, but leaves no hope to hold an agreement on Brexit...
EUR / USD On Tuesday, May 21, trading on the currency market for the EUR / USD pair ended with a decrease of several base points, although during the day market activity was not weak and the instrument made a good movement up and then down. However, in general, the wave pattern has not changed at all, and it cannot even be supplemented now. This is for the better, as it convinces us of the correctness of the current wave marking, which assumes the continuation of the construction of a...

EUR / USD

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On Tuesday, May 21, trading on the currency market for the EUR / USD pair ended with a decrease of several base points, although during the day market activity was not weak and the instrument made a good movement up and then down. However, in general, the wave pattern has not changed at all, and it cannot even be supplemented now. This is for the better, as it convinces us of the correctness of the current wave marking, which assumes the continuation of the construction of a downward trend segment. The unsuccessful attempt to break through the level of 100.0% according to Fibonacci indirectly indicates the readiness of the market for new sales of the pair. Thus, the bears continue to move the pair down, based on the absence of a positive news background for the euro. Indeed, how can the demand for the euro appear if no good news comes from the European Union? Tonight, Mario Draghi and the markets will scrupulously search in his words for hints on the parameters of the new LTRO program, which will re-stimulate the EU economy. Any weakness in Draghi's rhetoric will help with building wave 3, 3, 3.

Sales targets:

1.1097 - 161.8% Fibonacci

1.1045 - 200.0% Fibonacci

Purchase goals:

1.1324 - 0.0% Fibonacci

General conclusions and trading recommendations:

The euro / dollar is still in the process of building a downward trend. Now, I recommend the bears to remain on the instrument with targets at 1.1097 and 1.1045, which corresponds to 161.8% and 200.0% Fibonacci. I recommend transferring a restrictive order to the level of 100.0% Fibonacci.

GBP / USD

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On May 21, the GBP / USD pair lost more than 100 bp from the high of the day, and Theresa May made a "smart" proposal to the parliament. According to her, she is ready to consider the possibility of holding a second referendum if the parliament supports her agreement on Brexit. Many parliamentarians are skeptical about such a proposal, and there is every reason to assume that they will not meet the premier. Moreover, there is reason to expect that the fourth vote on the Brexit agreement will fail, because nothing in the agreement itself changes. Theresa May is likely to retire this summer, regardless of the outcome of the fourth vote. Her successor might be Boris Johnson who can initiate new negotiations with the European Union. And the pound sterling continues to fall, since it has no other way now. Now, the dollar does not even need the news background from America for it to continue its growth. Now, the Forex market is definitely in a bearish mood.

Sales targets:

1.2675 - 161.8% Fibonacci

1.2554 - 200.0% Fibonacci

Purchase goals:

1.3175 - 0.0% Fibonacci

General conclusions and trading recommendations:

The wave pattern of the pound / dollar instrument implies a continuation of the instrument decline within the wave c. Thus, now, I still recommend selling the pound with targets located near the calculated marks of 1.2675 and 1.2554, which corresponds to 161.8% and 200.0% in Fibonacci. An unsuccessful attempt to break through the 161.8% mark may lead to a departure of quotes from the lows reached.

Forex analysis 22 May 2019, 08:04 UTC+00
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6 There are no reasons for optimism: the euro and the pound continue to decline
The trade dispute between the United States and China does not yet show any signs of a possible completion in any...
The trade dispute between the United States and China does not yet show any signs of a possible completion in any foreseeable future. On Tuesday, stock markets reacted with a rise in response to the Trump administration's intention to issue Huawei a temporary work permit until August 19, which is likely to be the deadline for finding an acceptable solution. China has not yet activated its asymmetric response mechanisms, which gives hope that a full-fledged war can be avoided, but China has...

The trade dispute between the United States and China does not yet show any signs of a possible completion in any foreseeable future. On Tuesday, stock markets reacted with a rise in response to the Trump administration's intention to issue Huawei a temporary work permit until August 19, which is likely to be the deadline for finding an acceptable solution.

China has not yet activated its asymmetric response mechanisms, which gives hope that a full-fledged war can be avoided, but China has such answers.

Today, the FOMC meeting minutes will be published, as the markets focus will be on the Fed's neutral position on the rate in the coming months, particularly on the issue of excess reserves of commercial banks and prospects for further balance reduction.

The dollar looks like a favorite against most currencies on Wednesday morning but weak volatility is unlikely to allow it to show a strong movement.

EUR/USD pair

According to the European Commission, the level of consumer confidence rose slightly from -7.3p to -6.5p in May. Despite the fact that the indicator is in the negative zone, it is still above the long-term average, while in the last 3 months stabilization is visible after a prolonged fall in 2018.

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The euro still manages to stay above the April low of 1.1109 but the chances of a turn up are still weak. There is no reason or the ECB to curtail the incentive program while market expectations exclude any steps in this direction until the end of 2020.

Today, there is no strong news in the euro area. The main reference points will be on the speech of Draghi, which will be held at the farewell event on the departure of the ECB chief economist Peter Praet. On Thursday, reports from Markit and Ifo in the eurozone are expected, which can bring the euro out of sleep. While it is necessary to assume that EUR/USD pair remains under pressure, the nearest support of 1.1141 and 1.1134 will be passed in the coming hours with a high probability directed towards 1.1109 with serious intent to leave below.

GBP / USD pair

The volume of industrial orders in the UK fell to -10p in May, which is the minimum since October 2016. Perhaps, this is the response of the industry to the Brexit question. The period of uncertainty has been extended until October and the return of investment to the industry is postponed. Enterprises are forced to accumulate significant funds and resources in case of emergencies, which hinders the growth of jobs and investment in new industries. According to the CBI, the uncertainty should be removed as a matter of urgency.

Another attempt to break the deadlock was proposed by Theresa May, who intends to submit to the House of Commons another bill on the UK leaving the EU. If the government project is approved by the Parliament, it will be possible to hold a second referendum. Be that as it may, political tensions will continue at least until June when a vote will be taken in parliament.

Elections to the European Parliament will start today in the UK, which could turn into a serious defeat for the conservatives that could increase the pressure on May in favor of her resignation.

The pound continues to be under pressure because it can not rely on any political or economic factors. Inflation expectations are currently at the lowest level since March 2016, and the Bank of England has no reason to hint at possible normalization of monetary policy.

The GBP/USD pair has come close to annual lows and support at 1.2650/60 and a break below this level is possible. Today, data on inflation in April will be published. if they turn out to be worse than expected, the current momentum will allow it to go lower and the pound does not have serious support up to 1.2429.

Forex analysis 22 May 2019, 07:38 UTC+00
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7 Forecast for Oil (CL) on May 22, 2019
On May 22, oil adjusts to a medium-term decrease. Impulse can set US stock data
Oil (CL) On the daily chart, the price consolidated below the MACD line (blue indicator). The Marlin oscillator signal line turns down without leaving the zone of a downward trend, which is the zone of negative numbers. Taking a new decline line as a continuation of the trend from April 23-24, the price may overcome the 100.0% Fibonacci level at May 6 low of 60.04. The closest medium-term goal is the Fibonacci level of 110.0% on the price of 59.39. Then other levels of this technical tool...

Oil (CL)

On the daily chart, the price consolidated below the MACD line (blue indicator). The Marlin oscillator signal line turns down without leaving the zone of a downward trend, which is the zone of negative numbers. Taking a new decline line as a continuation of the trend from April 23-24, the price may overcome the 100.0% Fibonacci level at May 6 low of 60.04. The closest medium-term goal is the Fibonacci level of 110.0% on the price of 59.39. Then other levels of this technical tool are opened successively at 58.31 (123.6%), 57.53 (138.2%), and 55.98 (161.8%).

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On the four-hour chart, the price is held by the indicator line of balance and the Fibonacci level of 61.8%. The support is strong, exactly from the same point of support, where the price turned up on May 20 (green arrow). But in the current situation, we are waiting for a breakthrough of the support at the Marlin oscillator, leaving the negative zone. The reason may be today's data on stocks in the United States.

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Forex analysis 22 May 2019, 07:35 UTC+00
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8 In the event of a chaotic Brexit, the pound could fall to $1.10
The GBP/USD pair has retreated by more than 4 figures from the highest levels it marked in May. Uncertain situation...
The GBP/USD pair has retreated by more than 4 figures from the highest levels it marked in May. Uncertain situation around Brexit continues to put pressure on the pound sterling, reinforcing the position of the "bears". Apparently, market participants, despite the recent announcement by British Prime Minister Theresa May that she is ready to submit a bold new proposal with an improved package of measures to the House of Commons, are still skeptical about the possibility of forming...

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The GBP/USD pair has retreated by more than 4 figures from the highest levels it marked in May. Uncertain situation around Brexit continues to put pressure on the pound sterling, reinforcing the position of the "bears".

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Apparently, market participants, despite the recent announcement by British Prime Minister Theresa May that she is ready to submit a bold new proposal with an improved package of measures to the House of Commons, are still skeptical about the possibility of forming a deal.

The leader of the Labour Party, Jeremy Corbyn, has already said that he will not support T. May's proposal for Brexit, if it is in many ways the same as the previously rejected three-way version of the divorce agreement.

"The British media report that the May package is a revision of old ideas, and if this is true, then it's not surprising that the market is skeptical," said Jane Foley, Rabobank's currency strategist.

According to the latest polls, Boris Johnson, the ex-foreign minister who resigned in July 2018 due to disagreements on the Brexit procedure, is the best candidate for the post of head of the Cabinet of Ministers instead of T. May.

However, according to ING Bank specialist James Smith, the chances of the new British leader will not differ much from the chances of the current prime minister in making the deal, since the Parliamentary majority still supports the country's withdrawal from the EU with the obligatory condition of reaching an agreement with the alliance.

According to Bank of America analysts, in the event of a chaotic Brexit, the pound sterling could drop in price to $1.10.

A certain pressure on the British currency is also exerted by the fact that expectations of a rise in interest rates by the Bank of England are significantly reduced. If two weeks ago the market implied a probability of 30% that the rate would increase in December, now the chances of tightening monetary policy in 2019 have decreased to 11%.

News 21 May 2019, 22:48 UTC+00
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9 GBP/USD h1. Options for the development of the movement from May 21, 2019. Analysis of the APLs & ZUP
From May 21, 2019, GBP/USD will develop its movement depending on the direction of the breakdown of the channel 1/2...
Minuette (h1) Great Britain Pound vs US Dollar ____________________ GBP / USD from May 21, 2019 will develop its movement depending on the direction of the breakdown of the 1/2 Median Line channel (1.2720 <-> 1.2735 <-> 1.2750) breakdown of the Micro operational scale. ____________________ The development perspective of the upward movement (buy) The breakdown of the resistance level of 1.2750 (upper limit of the channel 1/2 Median Line Micro) -> the option of reaching...

Minuette (h1)

Great Britain Pound vs US Dollar

____________________

GBP / USD from May 21, 2019 will develop its movement depending on the direction of the breakdown of the 1/2 Median Line channel (1.2720 <-> 1.2735 <-> 1.2750) breakdown of the Micro operational scale.

____________________

The development perspective of the upward movement (buy)

The breakdown of the resistance level of 1.2750 (upper limit of the channel 1/2 Median Line Micro) -> the option of reaching the boundaries of the equilibrium zone (1.2760 <-> 1.2780 <-> 1.2805) of the Micro operational scale, and in case of a breakdown of ISL61.8 Micro ) The upward movement of this currency can be continued to the equilibrium zone (1.2840 <-> 1.2880 <-> 1.2920) of the Minuette operating scale.

____________________

The prospect of the development of a downward movement (sell)

The breakdown of support level 1.2720 (lower limit of the channel 1/2 Median Line Micro) -> GBP/USD movement will be directed to targets -> FSL end line (1.2700) of the Minuette <->low of 1.2685 <-> the initial line SSL Micro ( 1.2675) <-> the control line LTL Micro (1.2665) <-> warning line LWL38.2 (1.2625) fork operating scale Minuette .

____________________

The review was compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is also not a guide to action (placing orders "sell" or "buy").

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Forex analysis 21 May 2019, 23:11 UTC+00
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