empty
27.05.2021 07:38 PM
Analytics and trading signals for beginners. How to trade EUR/USD on May 28. Overview of trading on Thursday. Getting ready for trading on Friday

Overview of trading on Thursday:

30M chart of EUR/USD.

This image is no longer relevant

On Thursday, EUR/USD has got trapped on a range-bound market for the whole day. It has been trading inside a 40-pips range. Despite the publication of important macroeconomic data on the US economy, this did not trigger any price gyrations. As for economic metrics published, all data was rather neutral. The second estimate of US GDP data for Q1 2021 coincided with the first estimate. Other reports did not arouse avid interest among market participants. Nevertheless, MACD indicator generated long-awaited buy signals, though both were false. In practice, sensible traders were able to combine these signals with signals from a 5-minute chart that enabled them not only to avoid losses but also earned some gains. Basically, there is nothing to discuss about MACD signals. The indicator reversed upwards twice. Both times the price greatly undershot the nearest target. Moreover, the price moved too little. Let's look at the signals from a chart with a junior timeframe.

5M chart of EUR/USD.

This image is no longer relevant

Well, let's figure out a 5-minute chart. Today, two buy signals have been formed in this chart. In fact, they appeared a bit earlier than the signals by MACD on a 30-minute chart. So, the buy signals from a 5-minute chart should have been worked out first. Both signals were bounced off 1.2181. In the first case, a bounce was perfect, thus suggesting the opportunity to long positions. After the signals had been formed, the price moved upwards by nearly 20 pips. The same happened in the second case: a clear signal and a bounce of almost 20 pips. Hence, in both cases beginners had the opportunity to place stop orders at breakeven. So, there didn't make losses on these two trades. They could have gained profit from these two trades on condition of manual closing. The second trade could have been closed manually when it became clear that volatility was low.

Therefore, EUR/USD could have yielded 10-20-pips profit, although it is complicated to trade in the flat market. I mean, it doesn't make bring good profits.

How to trade EUR/USD on Friday

A 3-minute chart is still showing a clear-cut bullish trend. So, it is recommended to consider long positions. However, the pair was trading flat for the whole day. Therefore, MACD indicator can generate fake signals. Tomorrow, I would advise beginners to carry on monitoring buy signals. Importantly, if the pair has been firmly stuck in a range, please don't take notice of MACD signals.

In a 5-minute chart, it is recommended to trade from the following levels: 1.2159, 1.2181, 1.2215, and 1.2266. As always, take profit has to be placed 30-40 pips away. Stop loss would close your trade at breakeven if the price moves in the expected direction 15-20 pips. In a 5-minute chart, a target could be any nearest level which is not too close or not too far away.

When it comes to the economic calendar on Friday, no events are scheduled in the EU. The US will release a few reports of secondary importance. All in all, macroeconomic data will hardly make any impact on EUR/USD. Let me warn you that it doesn't mean that the flat market is over.

What's on the chart:

Support and Resistance levels are the levels that are targets when opening buy or sell orders. Take Profit levels can be placed near them.

Red lines are channels or trend lines that display the current trend and show which direction it is preferable to trade now.

Up / down arrows show whether the pair should be traded up or down when reaching or overcoming particular obstacles.

MACD indicator (14,22,3) is represented by a histogram and a signal line. When they are crossed, this signals a market entry. It is recommended for use in combination with trend patterns (channels, trend lines).

Important speeches and reports in the economic calendar can greatly influence the movement of the currency pair. Therefore, during their release, it is recommended to trade as carefully as possible or exit the market in order to avoid a sharp price reversal against the previous movement.

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

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

EUR/USD: plan para la sesión europea del 03 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El dólar volvió a caer tras el informe de ADP

EUR/USD: plan para la sesión europea del 03 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El dólar volvió a caer tras el informe

Miroslaw Bawulski 07:32 2025-07-03 UTC+2

GBP/USD: plan para la sesión europea del 01 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra fue objeto de una gran venta

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 1.3766

Miroslaw Bawulski 07:55 2025-07-02 UTC+2

EUR/USD: plan para la sesión europea del 02 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro retrocedió desde el máximo mensual

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 1.1806

Miroslaw Bawulski 07:55 2025-07-02 UTC+2

GBP/USD: plan para la sesión europea del 01 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra continúa su crecimiento

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 1.3723

Miroslaw Bawulski 07:05 2025-07-01 UTC+2

EUR/USD: plan para la sesión europea del 01 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro cerró el mes en un nuevo máximo

EUR/USD: plan para la sesión europea del 01 de julio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro cerró el mes en un nuevo máximo

Miroslaw Bawulski 07:05 2025-07-01 UTC+2

GBP/USD: plan para la sesión europea del 30 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra mantiene oportunidades de subir

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

Miroslaw Bawulski 07:49 2025-06-30 UTC+2

EUR/USD: plan para la sesión europea del 30 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro permanece en el canal

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

Miroslaw Bawulski 07:49 2025-06-30 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.