Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

4-hour timeframe

Exchange Rates 09.11.2018 analysis

Technical details:

The senior linear regression channel: direction - up.

The younger linear regression channel: direction - down.

Moving average (20; smoothed) - sideways.

CCI: -39.4195

The currency pair GBP / USD on Friday, November 9, corrected to the moving average line. So far, the upward trend in the instrument, in contrast to the EUR / USD pair, remains. The price rebound from the MA can trigger the resumption of the uptrend. Today in the UK, the publishing of the GDP in September, industrial production in September and a preliminary value of GDP for the third quarter are scheduled. Strong values of GDP can just help the pair to resume the upward movement. However, it should be noted that in the last week, the pound sterling has grown mainly due to the expectations of the signing of an agreement between the EU and the UK on Brexit. However, in recent days, no information supporting these expectations has been made available to traders. And so the euphoria of the market may be over. Continuing to buy a pound just on the rumors that the "deal" on Brexit is 95% consistent, is impossible. In general, despite the serious strengthening of the pound sterling in recent days, we believe that the pair has more chances to move down. Everything will depend on the last trading day of the week on overcoming or not overcoming the moving average line.

Nearest support levels:

S1 - 1.3000

S2 - 1.2939

S3 - 1.2878

Nearest resistance levels:

R1 - 1.3062

R2 - 1.3123

R3 - 1.3184

Trading recommendations:

The currency pair GBP / USD continues to be adjusted. A reversal of the Heikin Ashi indicator to the top at the location of the price above the moving will be a signal for the opening of new long positions with the goal of Murray's level of "7/8" - 1.3123.

Sell positions can be opened no earlier than fixing the price below the moving average line. In this case, the trend in the instrument will change to downward, and the target for the downward movement will be the levels of 1.3000 and 1.2939.

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 the blue lines of unidirectional movement.

The junior linear channel is the purple lines of 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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Paolo Greco,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.