empty
 
 
bd
Support
Instant account opening
Trading Platform
Deposit/Withdraw

23.08.202410:21 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: Learning and Analyzing: Trading Plan for Beginners EUR/USD and GBP/USD 23.08.24

Details from the Economic Calendar for August 22

Data on business activity indexes in the Eurozone, the UK, and the United States were published on Thursday. Nearly all indexes showed growth, but market attention was drawn to other events. The focus shifted to the news flow related to the beginning of the annual economic symposium in Jackson Hole, which traditionally influences monetary policy direction for the coming year. This year's central theme is "Reassessing the Effectiveness and Transmission of Monetary Policy."

Exchange Rates 23.08.2024 analysis

Analysis of Trading Charts for August 22

The EUR/USD pair experienced a slight pullback after breaking the local peak from December 2023. However, this movement does not disrupt the general upward trend.

The GBP/USD pair also underwent a correction, but the extent was so minor that the price has almost fully recovered the volume of long positions.

The economic calendar for August 23 includes data on the US construction sector. However, the market's primary focus will be the Federal Reserve head's speech at the annual Jackson Hole symposium. Fed Chair Jerome Powell is expected to provide specific guidance regarding the central bank's upcoming actions, making this information critically important for traders.

Exchange Rates 23.08.2024 analysis

Trading Plan – EUR/USD:

In the context of the current regrouping of trading forces after the correction, there are prospects for an increase in the volume of long positions in the euro. The quotes might aim for the peak of the current uptrend around 1.1280. In an alternative scenario, if the pullback continues, a return to the level of 1.1000 is possible.

Trading Plan – GBP/USD:

The British pound's uptrend will strengthen if the quote remains above 1.3150, which could lead to further appreciation. However, if this condition is not met, the risk of a correction to the 1.3000 level remains.

Exchange Rates 23.08.2024 analysis

What is reflected on the trading charts?

Candlestick Chart: This chart type displays graphic rectangles in white and black with lines at the top and bottom. A detailed analysis of each candlestick reveals its characteristics relative to a specific period: opening price, closing price, highest price, and lowest price.

Horizontal Levels: These are price coordinates where the price might experience a halt or reversal. In the market, these levels are referred to as support and resistance.

Circles and Rectangles: These are highlighted examples where the price reversed in the past. The color highlighting indicates horizontal lines that may exert pressure on the quote in the future.

Up/Down Arrows: These are indicators of the potential future direction of the price.

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

বিশ্লেষকদের পরামর্শসমূহের উপকারিতা এখনি গ্রহণ করুন
ট্রেডিং অ্যাকাউন্টে অর্থ জমা করুন
ট্রেডিং অ্যাকাউন্ট খুলুন

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।

এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.