empty
25.09.2023 10:30 AM
EUR/USD and GBP/USD: Trading plan for beginner traders on September 25, 2023

Details of the Economic Calendar on September 22

Negative statistical data about the United Kingdom were published on Friday, which intensified the sale of the British currency. The pace of retail sales decline slowed from -3.1% to -1.4%, not meeting forecasts at the level of 1.3%. At the same time, the business activity index in the manufacturing sector increased from 43.0 points to 44.2 points, but an increase to 44.0 points was expected. However, the business activity index in the services sector significantly decreased from 49.5 points to 47.2 points, instead of the expected growth to 49.6 points. The composite business activity index also fell from 48.6 points to 46.8 points.

In the European Union, the business activity index in the manufacturing sector fell from 43.5 points to 43.4 points, while it was expected to rise to 44.0 points. The business activity index in the services sector increased from 47.9 points to 48.4 points. The composite business activity index also increased from 46.7 points to 47.1 points.

Note that the statistics for the European Union were slightly better than those for the United Kingdom, which helped the euro maintain its position.

During the American trading session, a preliminary assessment of business activity indices in the United States was published, which turned out to be lower than expected. The business activity index in the manufacturing sector increased from 47.9 points to 48.9 points, with a forecast of 48.0 points. However, the business activity index in the services sector decreased to 50.2 points instead of the expected rise from 50.5 points to 50.6 points. Considering that this index carries more weight, it contributed to a decrease in the composite business activity index from 50.2 points to 50.1 points.

This image is no longer relevant

Analysis of Trading Charts from September 22

The EUR/USD currency pair set a local low during a downward cycle. Afterward, a consolidation of different types of doji candles formed in the base area, leading to a stagnation.

The GBP/USD pair is under pressure from sellers, resulting in an inertial movement that updates the local low of the downward cycle.

Economic Calendar for September 25

Monday, as usual, comes with an empty macroeconomic calendar. The publication of significant statistical data in the European Union, the United Kingdom, and the United States is not expected.

As a result, investors and traders are likely to rely on incoming news flow to make market decisions.

This image is no longer relevant

EUR/USD Trading Plan for September 25

Such stagnation is usually classified as a stage of characteristic uncertainty among market participants. Speculative activity may arise as a result, leading to the conclusion of the ongoing stagnation. In the case of considering a downward scenario, maintaining the price below 1.0600 could lead to an increase in short positions towards the level of 1.0500. In the case of an upward scenario, there is a possibility of a pullback relative to the downward cycle. An increase in long positions may occur if the price returns above the level of 1.0650.

This image is no longer relevant

GBP/USD Trading Plan for September 25

Market participants are ignoring the oversold status; otherwise, a technical rebound would have already occurred at this stage. In the event that momentum persists in the market, the quote could easily decrease to the level of 1.2150. However, the longer speculators ignore the oversold status, the more aggressively short positions may be closed, leading to a sharp rebound.

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 10 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra tiene dificultades para subir por encima de la cifra 36

GBP/USD: plan para la sesión europea del 10 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra tiene dificultades para subir por encima

Miroslaw Bawulski 07:41 2025-07-10 UTC+2

EUR/USD: plan para la sesión europea del 10 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro permanece dentro del canal

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

Miroslaw Bawulski 07:41 2025-07-10 UTC+2

Recomendaciones para operar y análisis de las operaciones con el par GBP/USD el 9 de julio. ¿El dólar se sintió como un rey?

El par de divisas GBP/USD durante el martes continuó la caída que había comenzado la semana pasada. Recordemos que la semana pasada la moneda estadounidense tenía suficientes razones para fortalecerse

Paolo Greco 04:42 2025-07-09 UTC+2

Recomendaciones para operar y análisis de las operaciones con el par EUR/USD para el 9 de julio. El dólar se mantiene firmemente en el canal.

El par de divisas EUR/USD durante el martes volvió a negociarse a la baja, aunque nuevamente no había ninguna razón para el fortalecimiento de la moneda estadounidense. Ayer se supo

Paolo Greco 04:42 2025-07-09 UTC+2

GBP/USD plan para la sesión europea el 8 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra está lista para continuar cayendo

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

Miroslaw Bawulski 07:55 2025-07-08 UTC+2

EUR/USD plan para la sesión europea el 8 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro no tiene intención de caer por mucho tiempo

EUR/USD plan para la sesión europea el 8 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro no tiene intención de caer por mucho

Miroslaw Bawulski 07:54 2025-07-08 UTC+2

EUR/USD: plan para la sesión estadounidense del 7 de julio (análisis de las operaciones de la mañana) El euro sigue bajo presión

En mi pronóstico de la mañana presté atención al nivel de 1.1749 y planeé tomar decisiones de entrada al mercado desde ese punto. Veamos el gráfico de 5 minutos

Miroslaw Bawulski 13:01 2025-07-07 UTC+2

GBPUSD: plan para la sesión europea del 04 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La presión sobre la libra se mantiene

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico matutino presté atención al nivel de 1.3659

Miroslaw Bawulski 07:40 2025-07-04 UTC+2

EURUSD: plan para la sesión europea del 04 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El dólar se fortaleció tras los sólidos datos del mercado laboral

EURUSD: plan para la sesión europea del 04 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El dólar se fortaleció tras los sólidos datos

Miroslaw Bawulski 07:40 2025-07-04 UTC+2

GBPUSD: plan para la sesión europea del 03 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El par GBP/USD se desplomó ante problemas políticos

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 1.3713

Miroslaw Bawulski 07:32 2025-07-03 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.