empty
 
 

Forex Analysis & Reviews: Forecast for EUR / USD and GBP / USD pairs on June 21. Both pairs are preparing for a new fall
time 21.06.2019 09:45 AM
time Rilevanza fino a, 22.06.2019 08:49 AM

EUR / USD pair (4H)

This image is no longer relevant

The EUR/USD pair completed growth to a correctional level of 61.8% at 1.1318 and bounced off from it. As a result, on June 21, the pair reversed in favor of the American dollar and began the process of falling in the direction of the level of correction 50.0% at 1.1277. A bearish divergence was also formed in the CCI indicator, which significantly helped traders to make a decision on the start of sales of the euro-dollar pair. There was little news from Europe yesterday. Traders remained impressed by the information from the Fed meeting and continued to trade in accordance with it. Now the most important question is: is there enough momentum in the last two days to still manage to transfer the pair to an uptrend, or is the hegemony of the US dollar on the foreign exchange market just paused and resumed soon? One can speak with certainty below 1.1348 to talk about further strengthening the euro is meaningless. Today, there will be reports on business activity for June in America and the European Union. Recently, all these data have been inexorably decreasing. The business activity in the manufacturing sector of Europe has even gone into the "negative" area. It is possible that we will see another deterioration in these indicators today and this applies to European indices and the US.

The Fib net formed on extremums from March 20, 2019 and May 23, 2019.

Forecast for EUR/USD pair and recommendations for traders:

The EUR/USD pair fulfilled a rebound from the Fibo level of 61.8%. Thus, I recommend selling today the euro with targets at 1.1277 and 1.1237, with a protective order above the Fibo level of 61.8%. I recommend buying the EUR/USD pair after the end of quotes from the level of 50.0% for the purpose of a correction level of 1.1318 and a Stop Loss order at 1.1277.

GBP / USD pair (4H)

This image is no longer relevant

The GBP/USD pair consolidated above the correction level of 76.4% at 1.2661 on June 20, but now, two bearish divergences are active at the CCI and MACD indicators, which allow traders to expect a reversal in favor of the US dollar and expect the pair to fall. Closing quotes below the Fibo level of 76.4% will significantly increase the chances of resuming a fall in the direction of the correction level 100.0% at 1.2437. The Bank of England held a monetary policy meeting yesterday and, one might say, they disappointed traders with the paucity of information provided. The rate remained unchanged and the volume of the buy-out of assets from the free market was unchanged. Not a single member of the monetary committee voted to change the monetary policy, no hints were given to change it in the near future. This event again shifted the market focus to Brexit but there is nothing special to note here. Yes, Boris Johnson won the 5th round of elections yesterday, the second winner was Jeremy Hunt. Now there is only one, the longest tour, we will know the name of the new prime minister in a month. But so far this information has nothing to do with Brexit, which, like many traders, just stocked up on popcorn while waiting for a denouement. Before the moment of the official change of the leader of Great Britain, it's not worth waiting for any progress in Brexit.

The GBP/USD pair consolidated on June 20 above the correction level of 76.4% at 1.2661. But now, two bearish divergences are active at the CCI and MACD indicators, which allow traders to expect a reversal in favor of the US dollar and expect the pair to fall.

The Fib net formed on extremums from January 3, 2019 and March 13, 2019.

GBP / USD (1H)

This image is no longer relevant

On the hourly chart, the pound-dollar pair re-consolidated below the correction level of 76.4% at 1.2701. Thus, we can expect today a continuation of the fall in the direction of the correctional level of 61.8% at 1.2663. aturing divergences in the current chart are not observed in any indicator. Any bullish divergence can be automatically weak. It is recommended to pay more attention to the behavior of the pair near the correction level of 76.4% on the 4-hour chart. It is precisely the closing below this level that will allow us to expect a new growth in the American currency.

The Fib net formed on extremums from June 7, 2019 and June 18, 2019.

Forecast for GBP/USD pair and recommendations for traders:

The GBP/USD pair consolidated below the correction level of 76.4%. I recommend selling a pair with a target of 1.2437 and Stop Loss level above 1.2661 if you close below 76.4% (4-hour chart). I recommend buying a pair with a view to 1.2762 if the closing above the Fibo level is 76.4% and the Stop Loss level under 1.2701 on the hourly chart.

Samir Klishi,
Esperto analista di InstaForex
© 2007-2022
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

  • 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
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    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

Recommended Stories

La borsa asiatica mostra nuovamente l'umore negativo

I principali indicatori asiatici mostrano per la maggior parte un calo al 2,4%. Meno di altri hanno perso l'australiano S&P/ASX 200 e il giapponese Nikkei 225: dello 0,42% e dello

15:07 2022-11-28 UTC+2

NZD/USD è scambiata con una tendenza rialzista. Previsioni per il 28 novembre 2022

Sul grafico a 4 ore, la coppia NZD/USD è scambiata con una tendenza rialzista. Il prezzo ha sfondato il canale ascendente e ora si sta muovendo al di sopra

Dean Leo 13:05 2022-11-28 UTC+2

AUD/USD: si prevede un ulteriore sviluppo della tendenza ascendente. Previsioni per il 28 novembre 2022

Sul grafico a 4 ore, la coppia AUD/USD è scambiata in una tendenza rialzista. Il prezzo è attualmente al di sopra del Ichimoku Cloud, indicando un momentum ascendente. Si prevede

Dean Leo 13:05 2022-11-28 UTC+2

ETH/USD: si prevede che il momentum ribassista si rafforzi. Previsioni per il 28 novembre 2022

Sul grafico a 4 ore, la coppia ETH/USD è scambiata in una tendenza ribassista. Al momento, il prezzo è al di sotto del Ichimoku Cloud, indicando l'umore discendente

Dean Leo 13:05 2022-11-28 UTC+2

Impariamo e analizziamo, un piano di trading per i trader principianti su EURUSD e GBPUSD 28.11.22

La scorsa settimana si è conclusa non solo con un calendario macroeconomico vuoto, ma anche con volumi di scambio ridotti. La ragione di ciò è il Ringraziamento negli Stati Uniti

Gven Podolsky 10:41 2022-11-28 UTC+2

Analisi degli indicatori. Revisione giornaliera per la coppia di valute GBP/USD del 28 novembre 2022

Venerdì, la coppia si muoveva in un piccolo canale laterale, chiudendo la candela giornaliera di venerdì a 1.2088. Oggi, il prezzo potrebbe rotolare verso il basso. Le importanti notizie

Stefan Doll 09:01 2022-11-28 UTC+2

Analisi tecnica per la settimana, dal 28 novembre al 3 dicembre, la coppia di valute EUR/USD

La scorsa settimana, la coppia si muoveva verso il basso, ha testato la 5 EMA media, 1.0225 (linea sottile rossa), il mercato è salito, chiudendo la candela settimanale a 1.0395

Stefan Doll 09:01 2022-11-28 UTC+2

Analisi tecnica per la settimana, dal 28 novembre al 3 dicembre, la coppia di valute GBP/USD

La scorsa settimana, la coppia muovendosi verso l'alto, ha sfondato il livello di pullback dell'85,4%, 1.2009 (linea tratteggiata blu). Il mercato ha chiuso la candela settimanale a 1.2088. Molto probabilmente

Stefan Doll 09:01 2022-11-28 UTC+2

Analisi degli indicatori. Revisione giornaliera per la coppia di valute EUR/USD del 28 novembre 2022

Venerdì, la coppia si muoveva nel canale laterale verso il basso, il livello di pullback del 14,6%, 1.0369 (linea tratteggiata blu), ed è salita, chiudendo la candela 1.0395 di venerdì

Stefan Doll 08:35 2022-11-28 UTC+2

NZD/USD sviluppa un momentum rialzista. Previsioni per il 25 novembre 2022

Sul grafico a 4 ore, la coppia NZD/USD è scambiata in una tendenza rialzista. Il prezzo ha sfondato il canale ascendente e ora si sta muovendo al di sopra

Dean Leo 14:16 2022-11-25 UTC+2
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.