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

Long-term review

For the last trading day, the currency pair British pound/US dollar showed a high volatility of 163 points. As a result, we have a full breakdown of the previously formed cluster. From the point of view of technical analysis, we see that the range accumulation of 1.3170 / 1.3220 has declined and the recent rollback has literally gave strength to the sellers, regrouping trading positions and drawing as a result a pulsing speed to 1.3034. Meanwhile, information and the news background continues to develop into Brexit's history. In fact, yesterday, there were no rumors, statements or other factors that could put pressure on the British currency. However, judging by the schedule and a sharp decline, speculators and investors are preparing for the sad events, and this is a hard way out. Today, March 29, the very day where parliament must decide to withdraw from the EU without a deal or accept the agreement. To say what will be the result is extremely difficult, or rather, not possible. The only thing that will surely be is high volatility, which will surely interest speculators.

Exchange Rates 29.03.2019 analysis

In terms of the economic calendar, there are data on UK GDP, where there is a slowdown in economic growth from 1.6% to 1.3%. Yet, all attention is paid exclusively to voting in the British Parliament, which is scheduled for 16:30 Moscow time today.

The upcoming trading week begins immediately with the new month, and the economic calendar is full with various statistics. The most interesting events are displayed below. At the same time, we do not forget about the long-playing Brexit, where, most likely, the information background will continue to delight the speculators.


United Kingdom 11:30 Moscow time. - Manufacturing Business Index (PMI) (Mar): Prev. 52.0 ---> Forecast 52.0

United States 15:30 MSK - Basic Retail Sales Index (MoM) (Feb): Prev. 0.9% ---> Forecast 0.3%

United States 15:30 MSK - Retail Sales (MoM) (Feb): Prev. 0.2% ---> Forecast 0.3%

United States 17:00 MSK - Manufacturing PMI from ISM (Mar): Prev. 54.2 ---> Forecast 54.5


United Kingdom 11:30 Moscow time. - Index of business activity in the construction sector (Mar)

United States 15:30 MSK - Basic orders for durable goods (m / m) (Feb): Prev. -0.1% ---> Forecast 0.2%


United Kingdom 12:30 MSK - The index of business activity in the services sector (Mar)

United States 15:15 MSK - Change in the number of employed in the non-farm sector from ADP (Mar): Prev. 183K ---> Forecast 165K

United States 17:00 MSK - Non-Manufacturing PMI from ISM (Mar): Prev. 59.7 ---> Forecast 58.5


United States 15:30 MSK - Change in the number of people employed in the non-agricultural sector (Mar.): Prev. 20K ---> Forecast 175K

United States 17:00 MSK - Unemployment (mar): Prev. 3.8% ---> Forecast 3.8%

These are preliminary and subject to change.

Exchange Rates 29.03.2019 analysis

Further development

Analyzing the current trading chart, we see that after the rally, the quotation reached the value of 1.3034, and this, after all, the limit of the range level is 1.3000 ** (1.3000 / 1.3050), where the quotation felt support and slowed down. It is likely to assume that the quotation will closely approach the level of 1.3000, but then we will see later, depending on the decision of the British Parliament. If the agreement is encouraged, we will move upward in the direction of 1.3300, and possibly even higher. If Britain leaves the EU without a deal, we will go down, forgetting that below us is the level of 1.3000. While on the emotional and fears, we will head down. In turn, investors strongly recommend taking a waiting position, since there can be nowhere to jump. Speculators are in anticipation of the rally.

Indicator Analysis

Analyzing the different sectors of timeframes (TF), we see that there is a steady downward interest on the general background of the market in the short, intraday and medium term prospects. It should be understood that with a strong information background indicators can simply jump arbitrarily.

Exchange Rates 29.03.2019 analysis

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

Measurement of volatility reflects the average daily fluctuation, with the calculation for the Month / Quarter / Year.

(March 29 was based on the the time of publication of the article)

The current time volatility is 74 points with almost 100% probability. Today, we are waiting for the so-called mega-volatility due to the information background.

Exchange Rates 29.03.2019 analysis

Key levels

Zones of resistance: 1.3220 *; 1,3300 **; 1.3440; 1.3580 *; 1.3700

Support areas: 1.3000 ** (1.3000 / 1.3050); 1.2920 *; 1.2770 (1.2720 / 1.2770) **; 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.