empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

30.01.202409:10 विदेशी मुद्रा विश्लेषण और समीक्षा: Hot forecast for GBP/USD on January 30, 2024

In general, the course of yesterday's trading resembled that of Friday's, like it was almost imitating it. If on Friday, the dollar initially lost its positions and then rebounded, then yesterday, it initially strengthened. Moreover, even the range of fluctuations was similar. All of this happened while the economic calendar was empty. However, today the situation is somewhat different, as the first estimate of the eurozone GDP for the fourth quarter will be released. The first estimate, in particular, has the greatest impact, as subsequent estimates either confirm it or only provide minor adjustments. Considering that, according to forecasts, the pace of economic growth in Europe is expected to increase from 0.0% to 0.1%, the single currency may show some growth, pulling the pound along with it.

Exchange Rates 30.01.2024 analysis

The seven-week sideways channel of 1.2600/1.2800 continued to attract market participants. We have not observed any crucial changes in the market, including an increase in volatility. The quote is moving along the middle level of the channel at 1.2700.

The RSI technical instrument is hovering at around the average level of 50 on the 4-hour chart. It means a flat market.

On the same time frame, the Alligator's MAs are intersecting each other, confirming the current sideways market.

Outlook

If we consider the leverage theory, the prolonged formation of a sideways channel will eventually lead to an increase in volatility. As a result, speculators will breach one of the channel's boundaries, indicating the quote's subsequent path. However, at the moment, the quote is moving along the middle level of 1.2700. Therefore, first and foremost, a new cycle within the channel will be formed, and only after that will we consider a breakout.

The complex indicator analysis suggests an upward cycle in the short-term and intraday periods.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Show more
अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.