empty
27.02.2019 09:50 AM
Trading Plan 02/27/2019

Two main motives on Wednesday: Voting in the British Parliament under an agreement with the EU - and the report of the Federal Reserve Chairman in Congress at 14.00 London time

A new vote on an agreement with the EU is expected in the British Parliament. As expected, the agreement presented by Prime Minister May will not gain the necessary majority - and she promised in this case to put the question to the vote - to postpone the date of Brexit. This information on Tuesday caused great optimism in the British pound - see the chart below - the pound rose sharply above 1.3225, giving a signal for a trend upward.

The pound may well increase now to 1.3650.

The second point is important - the speech of Fed Chairman Powell with a semi-annual report. If, as expected, the head of the Fed will make it clear that the rate will not be raised - the pound and the euro may start a trend against the dollar.

We buy the pound and the euro with the expectation of a trend upward.

This image is no longer relevant

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on March 19th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.2980 level as a key area for making market entry decisions. Let's analyze the 5-minute chart to see what happened. A break

Miroslaw Bawulski 18:02 2025-03-19 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 19th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.0906 level as a key point for making market entry decisions. Let's examine the 5-minute chart to see what happened. A break

Miroslaw Bawulski 17:59 2025-03-19 UTC+2

How to Trade the GBP/USD Pair on March 19? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair closely mirrored the movements of the EUR/USD pair. The British pound often follows the euro

Paolo Greco 06:44 2025-03-19 UTC+2

How to Trade the EUR/USD Pair on March 19? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair showed an inclination to rise again. A closer examination of intraday movements reveals that the pair

Paolo Greco 06:44 2025-03-19 UTC+2

Trading Recommendations and Analysis for GBP/USD on March 19: Trump Is More Important Than the Fed and BoE

The GBP/USD currency pair again showed an upward movement on Tuesday despite having no fundamental reasons. There were no significant events or reports in the UK, and in the second

Paolo Greco 02:34 2025-03-19 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 19: Slow but Steady Rise Ahead of the Fed Meeting

The EUR/USD currency pair continued to trade higher on Tuesday but remained within a limited range, which can be considered a sideways channel. There are currently two channels: sideways

Paolo Greco 02:34 2025-03-19 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 18th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.2994 level and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:30 2025-03-18 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 18th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.0904 level and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:25 2025-03-18 UTC+2

How to Trade the GBP/USD Pair on March 18? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD On Monday, the GBP/USD pair also attempted to resume its upward movement and even broke through the latest local high within

Paolo Greco 06:08 2025-03-18 UTC+2

How to Trade the EUR/USD Pair on March 18? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD On Monday, the EUR/USD currency pair resumed its upward movement but remained within a sideways channel between the levels of 1.0804

Paolo Greco 06:08 2025-03-18 UTC+2
Can't speak right now?
Ask your question in the 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.