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

For the last trading day, the currency pair pound / dollar showed an extremely low volatility of 45 points. As a result, the quotation continued to fluctuate within the lower limit of the outset. From the point of view of technical analysis, we see that the side channel 1.2660 / 1.2750 continues its formation, developing at the current time near the lower border and drawing a clear stagnation. Looking at the chart in general terms, we see that the correctional movement of 1.2558 ---> 1.2761 led us to a stagnation in the form of a flat, which probably serves as a certain regrouping of trading forces, which is a good sign.

The information and news background of the past day had practically no statistical data in it. The only thing that could be identified was the unemployment benefit in the United States, where the characteristic increase was from 1.693K to 1.695K with a forecast of 1.680K. As you already understand, the news, in principle, did not play. The information background was more interesting. From Britain, there was news that Boris Johnson won the first round of the election of the leader of the Conception Party. In the first round of the tour of the participation of the joint venture of the Communities of the Communist Party of the Communist Party, the ex-ministerial of foreign affairs received 114 votes. The second round is in June 18, but, in principle, everything is already understood. By the way, one of the reasons for the current flat is the uncertainty associated with the elections, or rather, with the further fate of the UK & EU divorce process.

Today, in terms of the economic calendar, we have data on retail sales in the United States, where growth is expected from 3.1% to 3.4%. At the same time, data on industrial production will be published in the States, where growth is also expected, from 0.9% to 2.5%.

Exchange Rates 14.06.2019 analysis

The upcoming trading week in terms of the economic calendar is quite rich in comparison with the past. We have two meetings at once - the Fed and the Bank of England are also a pretty good layer of statistical data. The most interesting events are displayed below --->

Tuesday, June 18

United States 12:30 UTC+00 - Number of building permits issued (May): Prev. 1.290M ---> Forecast 1,300M

United States 12:30 UTC +00 - The volume of construction of new homes (May): Prev. 1,235M ---> Forecast of 1,240M

Wednesday, June 19

United Kingdom 8:30 Universal time. - Consumer Price Index (CPI) (y / y) (May): Prev. 2.1% ---> Forecast 2.2%

18:30 Universal time - Fed meeting followed by FOMC press conference

Thursday, June 20

United Kingdom 8:30 Universal time. - Retail Sales (YoY) (May): Prev. 5.2% ---> Forecast 4.6%

11:00 UTC+00 - Bank of England meeting

Friday, June 21

United Kingdom 8:30 Universal time. - Public sector borrowing (May): Prev. 4.97V ---> 5.10V Forecast

United States 14:00 UTC+00 - Sales in the secondary housing market (May): Prev. 5.19M ---> Forecast 5.24M

These are preliminary and subject to change.

Further development

Analyzing the current trading chart, we see that the cutting quotation slowed down within the lower boundary of the side channel 1.2660 / 1.2750. It is likely to assume that the fluctuation within the limits of the existing framework will continue, where traders carefully analyze the boundaries for breakdown, as the current movement reflects a certain accumulation that will lead to new turns of momentum.

Exchange Rates 14.06.2019 analysis

Based on the available information, it is possible to decompose a number of variations, let's consider them:

- Positions for purchase is considered in case of price fixing higher than 1.2700.

- If we still do not have positions for sale, we consider them in case of price fixing lower than 1.2650.

Indicator Analysis

Analyzing a different sector of timeframes (TF), we see that indicators in the short term have a variable upward interest against the background of stagnation. On the other hand, intraday and medium term retain a downward interest.

Exchange Rates 14.06.2019 analysis

Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily fluctuation, based on monthly / quarterly / year.

(June 14 was based on the time of publication of the article)

The current time volatility is 18 points, which is a low value for a given time segment. It is likely to assume that the current stagnation will lead to acceleration, but if we keep the oscillation within the boundaries of the flat, then we should not expect anything cardinal.

Exchange Rates 14.06.2019 analysis

Key levels

Zones of resistance: 1.2770 **; 1.2880 (1.2865-1.2880) *; 1.2920 * 1.3000 **; 1.3180 *; 1,3300 **; 1.3440; 1.3580 *; 1.3700.

Support areas: 1.2620; 1,2500 *; 1.2350 **.

* Periodic level

** Range Level

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

Performed by Gven Podolsky,
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.