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26.03.202511:29 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: GBP/USD. March 26th. Inflation May Move the Pound

On the hourly chart, the GBP/USD pair continued to trade sideways on Tuesday, showing no reaction to the 1.2931 level. Therefore, a new close above or below this level will not be considered a trading signal. Bears have begun to counterattack, but their strength appears to be quite limited.

Exchange Rates 26.03.2025 analysis

The wave situation is completely clear. The last completed downward wave did not break below the previous low, while the last upward wave broke above the previous high. This indicates that a "bullish" trend is still forming. Recently, the pound has shown strong growth, although the news background has not been strong enough to justify such aggressive buying. However, most traders are currently unwilling to buy the US dollar under any economic conditions, as Donald Trump continues to introduce new tariffs that will eventually impact US and global economic growth.

There was virtually no fundamental background on Tuesday, but today at least two reports deserve attention. The UK will publish its inflation report for February. Last week, the Bank of England made it clear that it expects consumer prices to accelerate, which prevents it from easing monetary policy. Therefore, a new rise in inflation would be a positive signal for the pound. If inflation decreases slightly (as forecasted), the pound may fall as well, but only modestly. In the US, today's report on durable goods orders is scheduled. There are more significant reports, but in the absence of major news, even this will draw attention. This week's news flow is weak overall, so traders must work with what they have. At the moment, the pound is trading exactly in the middle of the horizontal range, and even these two reports might not be enough to break the sideways movement.

Exchange Rates 26.03.2025 analysis

On the 4-hour chart, the pair continues its upward movement. I do not expect a strong decline in the pound unless the price closes below the ascending channel. Another "bearish" divergence has formed on the CCI indicator, which, so far, has had no impact on the bulls—just like the previous one. A rebound from the 1.2994 level could lead to a modest decline toward the 50.0% Fibonacci level at 1.2861, although the bears may not even reach this level.

Commitments of Traders (COT) Report:

Exchange Rates 26.03.2025 analysis

The sentiment among the "Non-commercial" trader category became more bullish in the last reporting week. The number of long positions held by speculators increased by 1,155, while short positions rose by only 946. Bears have lost their edge in the market. The gap between long and short positions now stands at nearly 30,000 in favor of the bulls: 96,000 vs. 67,000.

In my opinion, the pound still has downward potential, but recent developments may force a long-term market reversal. Over the last three months, the number of long positions decreased from 98,000 to 96,000, while short positions fell from 78,000 to 67,000. More importantly, over the past 7 weeks, long positions have increased from 59,000 to 96,000, and short positions have dropped from 81,000 to 67,000. Keep in mind, these are "7 weeks of Trump's leadership"...

News Calendar for the US and UK:

  • UK – Consumer Price Index (07:00 UTC)
  • US – Durable Goods Orders (12:30 UTC)

On Wednesday, the economic calendar includes two fairly important entries. The impact of the news background on market sentiment is expected to be moderate today.

GBP/USD Forecast and Trading Tips:

Selling opportunities were available following a rebound from the 1.3003 level on the hourly chart, with targets at 1.2931 and 1.2865. The first target has been met; the second has not. Buying opportunities are possible upon a breakout above 1.2931 on the hourly chart with a target at 1.3003. However, given the current sideways movement, the 1.2931 level is not considered strong.

Fibonacci levels are drawn from 1.2809 to 1.2100 on the hourly chart and from 1.2299 to 1.3432 on the 4-hour chart.

*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।

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