empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
30.09.2022 11:05 AM
Tips for beginner traders in EUR/USD and GBP/USD on September 30, 2022
Open trading account Open demo account

Details of the economic calendar for September 29

The final data on the GDP of the United States for the second quarter coincided with preliminary estimates. Thus, their influence on the market was reduced to zero.

Together with the GDP data, weekly jobless claims figures were released, which fell significantly. This is a positive factor for the US labor market, which led to a local strengthening of dollar positions at the time of the release of statistics.

Statistics details:

The volume of continuing claims for benefits fell from 1.376 million to 1.347 million.

The volume of initial claims for benefits fell from 209,000 to 193,000.

Analysis of trading charts from September 29

The EURUSD currency pair is in correction from the local low of the downward trend. As a result, euro positions strengthened in value by about 3.2%, which is about 300 points. Despite the fact that the volume of the upward movement is considerable, the euro is still cheap.

The GBPUSD currency pair completed the amplitude movement in the range of 1.0630/1.0930 by breaking its upper limit. As a result, there was a technical signal about a prolonged corrective move from the low of the downward trend.

This image is no longer relevant

Economic calendar for September 30

At the opening of the European session, the final data on UK GDP for the second quarter were published, which gave a pleasant surprise. GDP for the second quarter grew by 0.2% compared to the previous forecast of -0.1%, and in annual terms increased to +4.4% against the previous estimate of 2.9%.

In Britain, data on the lending market will also be published, where a widespread decline is predicted. This is not the best signal for the country's economy. Let's see if the forecasts match.

The European Union expects the publication of preliminary data on inflation, which is predicted to rise from 9.1% to 9.7%. Rising consumer prices again indicate that the ECB is not tightening monetary policy sufficiently. In fact, with the growth of inflation, a signal about a further increase in interest rates is likely.

In this case, the euro may continue to strengthen.

Time targeting:

UK lending market – 08:30 UTC

EU Inflation – 09:00 UTC

Trading plan for EUR/USD on September 30

Preservation of the corrective move on the market may well return the quote to the parity level. A technical signal about further growth will appear after the price holds above the level of 0.9850.

Traders will considere the downward scenario if the price stays below the value of 0.9750.

It is worth noting that the market has been heavily subject to speculation lately. For this reason, chaotic price jumps may occur, in which signals from technical analysis will be ignored.

This image is no longer relevant

Trading plan for GBP/USD on September 30

The scale of the strengthening of the pound sterling is almost comparable to the recent collapse. Even though the pound is still oversold when viewed in the medium and long term. Thus, the preservation of the current correction on the market may lead to a subsequent strengthening of the British currency to the area of 1.1410/1.1525.

An alternative scenario in which the downward cycle could resume will be considered by traders after holding the price below the 1.1000 level in the daily period.

This image is no longer relevant

What is shown in the trading charts?

A candlestick chart view is graphical rectangles of white and black light, with sticks on top and bottom. When analyzing each candle in detail, you will see its characteristics of a relative period: the opening price, closing price, and maximum and minimum prices.

Horizontal levels are price coordinates, relative to which a stop or a price reversal may occur. These levels are called support and resistance in the market.

Circles and rectangles are highlighted examples where the price of the story unfolded. This color selection indicates horizontal lines that may put pressure on the quote in the future.

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

Gven Podolsky,
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
All Analytics
Trading plan
Trading Recommendations and Analysis for EUR/USD on April 2: Monday Quietly Slipped Into Tuesday The EUR/USD currency pair traded on Tuesday in the same manner as on Monday. Yesterday, we warned that despite the large number of macroeconomic events, they might not influence
Paolo Greco
04:00 2025-04-02 +02:00
1075
Trading plan
Trading Recommendations and Analysis for GBP/USD on April 2: The Market Continues to Rest The GBP/USD currency pair continued to trade similarly on Tuesday, as it has over the last few weeks. All price movements have occurred between 1.2863 and 1.2981 for the past
Paolo Greco
04:00 2025-04-02 +02:00
1015
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations and Analysis for EUR/USD on April 2: Monday Quietly Slipped Into Tuesday

The EUR/USD currency pair traded on Tuesday in the same manner as on Monday. Yesterday, we warned that despite the large number of macroeconomic events, they might not influence
Paolo Greco 04:00 2025-04-02 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 2: The Market Continues to Rest

The GBP/USD currency pair continued to trade similarly on Tuesday, as it has over the last few weeks. All price movements have occurred between 1.2863 and 1.2981 for the past
Paolo Greco 04:00 2025-04-02 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 1 (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.2916 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened
Miroslaw Bawulski 19:49 2025-04-01 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 1st (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.0815 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened
Miroslaw Bawulski 19:31 2025-04-01 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 31st (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.2966 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened
Miroslaw Bawulski 19:52 2025-03-31 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 31st (Analysis of Morning Trades)

In my morning forecast, I highlighted the 1.0829 level and planned to make trading decisions based on it. Let's look at the 5-minute chart to see what happened. A decline
Miroslaw Bawulski 19:50 2025-03-31 UTC+2

How to Trade the GBP/USD Pair on March 31? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair traded sideways on Friday, unlike the EUR/USD pair. And that's rather strange. For several weeks now, the British pound
Paolo Greco 03:21 2025-03-31 UTC+2

How to Trade the EUR/USD Pair on March 31? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair once again traded higher. We can't say that macroeconomic events justified this movement. At this point
Paolo Greco 03:21 2025-03-31 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 28th (Review of Morning Trades)

In my morning forecast, I focused on the level of 1.2964 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and break down
Miroslaw Bawulski 18:54 2025-03-28 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 28th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.0801 and planned to base my market entries on it. Let's look at the 5-minute chart to see what happened
Miroslaw Bawulski 18:52 2025-03-28 UTC+2

Top analytics

Relevance up to 19:00 2025-04-02 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 2: Monday Quietly Slipped Into Tuesday
04:00 2025-04-02
Trading plan
Relevance up to 08:00 UTC--4
Analysis for GBP/USD on April 1, 2025
20:00 2025-04-01
Wave analysis
Relevance up to 12:00 UTC--4
EUR/USD Analysis – April 1: EU Inflation Continues to Fall
20:05 2025-04-01
Wave analysis
Relevance up to 06:00 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on April 1st (U.S. Session)
19:55 2025-04-01
Forecast
Relevance up to 06:00 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 1st (U.S. Session)
19:58 2025-04-01
Forecast
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.