Main Quotes Calendar Forum
flag

FX.co ★ Trading plan 11/05/2018

parent
Forex Analysis:::2018-05-11T09:07:21

Trading plan 11/05/2018

Trading plan 11/05/2018

The general picture: A lull in the market.

There is a local pause in the markets. The news on Iran's withdrawal from the nuclear deal with the US has somewhat receded - the solidary refusal of the US allies to support Trump on this issue has cooled the topic. On the other hand, the exchange of blows between Iran and Israel keeps everyone in suspense, but for now, it is on a pause.

News on the US economy also does not give impetus. There is no reason to expect an acceleration in the rate increase of the dollar.

It is likely that we will see a shift from a trend of dollar strengthening to a consolidation.

GBP / USD pair: Expect a range.

We are buying this pair from the level of 1.3460.

We are selling this pair from the level of 1.3770.

Trading plan 11/05/2018

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...