empty
 
 
15.02.2019 10:04 AM
GBP / USD. February 15. The trading system. "Regression Channels". Theresa May suffers another loss in Parliament

4-hour timeframe

This image is no longer relevant

Technical details:

The senior linear regression channel: direction - up.

The junior linear regression channel: direction - down.

Moving average (20; smoothed) - down.

CCI: -123.0370

The currency pair GBP / USD on Friday, February 15, continues to fall with pleasure. Up to the lows of the year, there are only 300 points left, which is not so much for the pound sterling. The most important thing is that there are no strong corrections or downfalls for the pair. This is the movement that can lead a pound below 1.2436. Today in the UK, a report on retail sales for January will be published, forecasts predict an increase in performance, but the real values may be much worse. If these reports fail today, then traders will have another weighty reason for new pound sales. Needless to say, there is still no positive news on the subject of Brexit? If the reports on retail sales are not worse than forecasts, then perhaps the pound will get a short break, but is unlikely to be able to rise in price above the moving average. This means that the downward trend will continue. There is no positive news on Brexit, but there are negative ones. Yesterday, the British Parliament rejected Theresa May's plan to negotiate with the EU, and did not rule out the possibility of an unregulated exit from the EU. Thus, the UK can still leave the EU without any "deal", and the chances that Theresa May will still be able to carry out her plan through parliament are reduced even more.

Nearest support levels:

S1 - 1.2787

S2 - 1.2756

Nearest resistance levels:

R1 - 1.2817

R2 - 1.2848

R3 - 1.2878

Trading recommendations:

The currency pair GBP / USD continues to move down, as evidenced by the blue bars indicator Heikin Ashi. The targets for short positions now are 1.2787 and 1.2756. Today a correction is possible if the retail sales report from the UK is positive.

It is recommended to open long positions no earlier than traders overcome moving with the first target of 1.3000. From a fundamental point of view, this option is still unlikely, since we do not receive any positive news from the UK.

In addition to the technical picture should also take into account the fundamental data and the time of their release.

Explanations for illustrations:

The senior linear regression channel is blue lines of the unidirectional movement

The junior linear channel is the purple lines of the unidirectional movement.

CCI is the blue line in the indicator regression window.

The moving average (20; smoothed) is the blue line on the price chart.

Murray levels - multi-colored horizontal stripes.

Heikin Ashi is an indicator that colors bars in blue or purple.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback