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EUR/USD
Higher timeframes
Yesterday, bullish players completed the day's downward correction by updating its high at 1.1012. Consolidation and further ascent would indicate the possibility of ending the week's correction with high at 1.1096. The nearest supports on higher timeframes in the current situation are at 1.0930 (daily short-term trend) and 1.0901 (monthly medium-term trend).
H4 - H1:
On lower timeframes, an upward trend is developing. As of writing, the first resistance of the classic pivot points, R1 (1.1021), is being tested. A break of this level will open the way to the next resistances at R2 (1.1041) and R3 (1.1079). A shift in sentiment could provoke a correction, which has significant opportunities for development today, as key levels acting as corrective supports are located within a wide range of 1.0983 (central pivot point) - 1.0916 (weekly long-term trend). On the way to the weekly long-term trend (1.0916), intermediate support levels S1 (1.0963) and S2 (1.0925) can be noted.
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GBP/USD
Higher timeframes:
Bullish players continued their ascent yesterday and began testing the lower boundary of the monthly cloud (1.2893). Consolidation within the cloud will draw attention to the upper boundary of the cloud (1.3142). However, if bulls fail to overcome 1.2893 and the bears initiates a decline, then the nearest supports of the higher timeframes today are around 1.2751-60 (daily short-term trend + weekly long-term trend).
H4 - H1:
Currently, on lower timeframes, bulls have the advantage. They are testing the first resistance of the classic pivot points (1.2900 - 1.2942 - 1.3018), and further, R2 (1.2942) and R3 (1.3018) may come into play. The key levels on lower timeframes form a support zone today, anticipating the pound at the levels of 1.2824 (central pivot point of the day) and 1.2764 (weekly long-term trend).
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (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।
