empty
 
 
13.05.2022 10:20 AM
Tips for beginner traders in EUR/USD and GBP/USD on May 13, 2022

Details of the economic calendar from May 12

UK GDP data for the first quarter slightly upset investors, even though the economic calendar growth rate increased from 6.6% to 8.7%. The reason for the indignation is the divergence of expectations—GDP growth was predicted to reach 9.0%.

At the same time, industrial production in the UK grew less than expected, which also became a catalyst for the negative on the pound sterling.

During the US trading session, weekly data on jobless claims were published, which recorded a decrease in the total volume.

Statistics details:

The volume of continuing claims for benefits decreased from 1.387 million to 1.343 million.

The volume of initial claims for benefits increased from 202,000 to 203,000.

Analysis of trading charts from May 12

The EURUSD currency pair completed the construction of a two-week flat of 1.0500/1.0600 by breaking its lower limit. This caused high speculative interest, which was accompanied by a sharp increase in the volume of short positions. As a result, the euro lost about 160 points.

The GBPUSD currency pair has slowed down the downward move around the value of 1.2165. This led to a reduction in the volume of short positions and a pullback towards the previously passed level of 1.2250. The subsequent price fluctuation is similar to the process of accumulation of trading forces, which can serve as a lever for new speculation in the market.

This image is no longer relevant

Economic calendar for May 13

Today the macroeconomic calendar is practically empty. The only thing you can pay attention to is industrial production in the EU, where a decline is predicted.

Time targeting

The volume of industrial production in the EU - 09:00 UTC

Trading plan for EUR/USD on May 13

In this situation, the convergence of prices with the local bottom of 2016 may well lead to a slowdown in the downward cycle. This will lead to a slowdown or a full-length pullback.

An alternative development scenario considers the continuation of the inertial course in the market, where the signals about the oversold euro will be ignored by traders. In this case, holding the price below 1.0325 in a four-hour period will restart short positions.

This image is no longer relevant

Trading plan for GBP/USD on May 13

If the current stagnation serves as a regrouping of trade forces, then a local acceleration may soon occur. In this case, the optimal trading tactic is an outgoing momentum relative to the boundaries of stagnation.

This image is no longer relevant

What is reflected in the trading charts?

A candlestick chart view is graphical rectangles of white and black light, with sticks on top and bottom. When analyzing each candle in detail, you will see its characteristics of a relative period: the opening price, closing price, and maximum and minimum prices.

Horizontal levels are price coordinates, relative to which a stop or a price reversal may occur. These levels are called support and resistance in the market.

Circles and rectangles are highlighted examples where the price of the story unfolded. This color selection indicates horizontal lines that may put pressure on the quote in the future.

The up/down arrows are the reference points of the possible price direction in the future.

Gven Podolsky,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2024
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع 3,000 دولار في حسابك واحصل على $5,000 وأكثر من ذالك!
    في مارس نحن نقدم باليانصيب $5,000 ضمن حملة إيداع الحظ!
    احصل على فرصة للفوز من خلال إيداع 3,000 دولار في حساب تداول. بعد أن استوفيت هذا الشرط، تصبح مشاركًا في الحملة.
    انضم إلى المسابقة
  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص

المقالات الموصى بها

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.
Widget callback