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EUR/USD
Higher time frames
Yesterday, bears retested the low from the previous week (1.0613) and closed the day below the monthly support of 1.0611. If they manage to hold at these levels, their next targets will be the weekly support of 1.0461 – 1.0416 and the lower boundary of the daily Ichimoku Cloud. A rebound from the level of 1.0611 will lead the pair to test the resistance of the short-term trend on the daily (1.0702) and weekly (1.0758) time frames.
H4 – H1
On lower time frames, bears are in control of the pair today. Their downward targets for today are found at the standard pivot levels of 1.0581 – 1.0558 – 1.0516. At the moment, there is a slight upside correction on the chart, so the price is testing the central pivotal level of 1.0623. In the course of the correction, the price may head for 1.0646 (R1) and 1.0664 (weekly long-term trend). Consolidation above 1.0664 and a reversal of the moving average will change the market balance. Other daily targets are found at 1.0688 (R2) and 1.0711 (R3).
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GBP/USD
Higher time frames
In the pound/dollar market, the sentiment has again changed. Yesterday, the pair bounced off the resistance of 1.2144 (weekly short-term trend). Uncertainty still persists in the market. The main targets remained unchanged. Bulls still have upward targets at the resistance area of 1.2092 – 1.2118 – 1.2144 – 1.2180 (daily and weekly levels). The main targets for bears are the support of 1.1889 (lower line of the daily Ichimoku Cloud) and 1.1842 (monthly Fibo Kijun).
H4 – H1
On lower time frames, the pair has recently tested the level of the weekly long-term trend (1.2039). Trading above this level will secure the bullish bias and their further advance. While recovering on the daily chart, the pair may go through the standard pivot levels of 1.2070 – 1.2106 – 1.2170 – 1.2206). A breakout of 1.2039 and a firm hold below will indicate that bears have regained ground. The downward targets for today can be found at 1.2006 – 1.1970 – 1.1906 (standard pivot levels).
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Technical analysis is based on:
Higher time frames – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
Lower time frames – H1: Pivot Points (standard) + 120-day Moving Average (weekly long-term trend)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।