empty
30.03.2023 11:48 AM
EUR/USD and GBP/USD trading plan for beginners on March 30, 2023

Details of the economic calendar on March 29

The data on the UK lending market did not please.

The number of approved mortgages in February was 43,500, slightly higher than the 39,600 last month. This is the only positive thing in the report. Mortgage lending fell to £0.74 billion compared to £2.0 billion in the previous month. Consumer lending also fell to £1.4 billion, down from £1.6 billion. The volume of net loans to individuals also declined.

Note that mortgage lending is directly related to the real estate market, which is an important sector of the British economy.

During the American trading session, the index of pending sales in the U.S. real estate market for February was published, which rose 0.8% against a forecasted decline of 2.3%.

Analysis of trading charts from March 29

EUR/USD slowed down when it reached 1.0870, which resulted in the market stagnation. As a result, a consolidation range of 50 pips was formed. It is possible that the current slowdown is a process of accumulation of trading forces, which will lead to an acceleration of the market in the future.

GBP/USD pulled back slightly after reaching the local high of the week. The level of 1.2300 became a support for the market, and the volume of short positions has decreased relative to it.

This image is no longer relevant

Economic calendar for March 30

Weekly data on jobless claims in the United States is expected to be released today, with the overall rate forecast to rise. This is a negative factor for the U.S. labor market.

Statistics details:

The volume of continuing claims for benefits may rise from 1.694 million to 1.697 million.

The volume of initial claims for benefits may rise from 191,000 to 196,000.

The release of the U.S. GDP data, which growth rate is estimated to slow down from 1.9% to 0.9%, will play a key role in today's events. However, final figures are already priced in. Therefore, in case they coincide with the actual data, there will be no reaction in the market.

Time targeting:

U.S. Jobless Claims – 13:30 UTC

U.S. GDP – 13:30 UTC

EUR/USD trading plan for March 30

The most optimal tactic is the outgoing momentum method from the current stagnation range, which is 1.0720/1.0870. This method can lead to a technical signal about the subsequent direction of the market.

If the price holds above the level of 1.0870, an upward scenario is possible, which implies the continuation of the current cycle. In this case, traders are looking for last week's high.

If the price starts to decline, a downward scenario is possible, which will lead to a price drop below the level of 1.0800.

This image is no longer relevant

GBP/USD trading plan for March 30

If the price holds steady above the 1.2300/1.2350 range, it is highly likely to continue rising in the future. In this case the price may move towards the local high of the medium-term upward trend.

However, note that if the price returns below the 1.2300 level during the daily period, it may lead to a more significant price decline compared to the current pullback.

This image is no longer relevant

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

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

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

GBP/USD: plan para la sesión europea del 9 de junio. Informes COT (análisis de las operaciones de ayer). La libra sigue dentro del rango

El pasado viernes se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos qué ocurrió. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 07:42 2025-06-09 UTC+2

EUR/USD: plan para la sesión europea del 9 de junio. Informes COT (análisis de las operaciones de ayer). El dólar subió tras los datos de desempleo

El pasado viernes solo se formó un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos qué ocurrió allí. En mi pronóstico matutino presté atención

Miroslaw Bawulski 07:42 2025-06-09 UTC+2

Ayer se formaron varios puntos de entrada al mercado. Vamos a mirar el gráfico de 5 minutos y analizar lo que ocurrió. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 08:47 2025-06-05 UTC+2

EUR/USD: plan para la sesión europea del 5 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro se beneficia de la debilidad del dólar

EUR/USD: plan para la sesión europea del 5 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro se beneficia de la debilidad del dólar

Miroslaw Bawulski 08:46 2025-06-05 UTC+2

GBP/USD: plan para la sesión europea del 4 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). Demostrar un crecimiento es cada vez más difícil

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió allí. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 08:27 2025-06-04 UTC+2

EUR/USD: plan para la sesión europea del 4 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro no mantuvo las posiciones

Ayer se formó solo un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió allí. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 08:27 2025-06-04 UTC+2

GBP/USD: plan para la sesión europea del 3 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). La libra se mantiene en el canal

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos que ocurrió. En mi pronóstico matutino presté atención al nivel 1.3555 y planeé

Miroslaw Bawulski 07:22 2025-06-03 UTC+2

EUR/USD: plan para la sesión europea del 3 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro actualiza el máximo mensual

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos que ocurrió. En mi pronóstico matutino presté atención al nivel 1.1416 y planeé

Miroslaw Bawulski 07:22 2025-06-03 UTC+2

GBP/USD: plan para la sesión europea del 2 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). La libra no cesa en sus intentos de subir

GBP/USD: plan para la sesión europea del 2 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). La libra no cesa en sus intentos de subir

Miroslaw Bawulski 08:29 2025-06-02 UTC+2

EUR/USD: plan para la sesión europea del 2 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro no se rinde

El pasado viernes se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió allí. En mi pronóstico matutino presté atención

Miroslaw Bawulski 08:29 2025-06-02 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.