empty
 
 
rs
Podrška
Trenutno otvaranje računa
Trgovačka platforma
Depozit/Povlačenje

11.12.202404:43 Forex Analysis & Reviews: Forecast for GBP/USD on December 11, 2024

On Wednesday, the pound gained 21 pips despite the U.S. dollar index strengthening by 0.26%. While this upward move shows potential, it remains unpromising, as U.S. inflation data and the Bank of Canada's rate decision are expected today. The November U.S. CPI is forecast to rise from 2.6% YoY to 2.7% YoY, while the Bank of Canada is anticipated to lower its rate from 3.75% to 3.25%.

Exchange Rates 11.12.2024 analysis

On the daily chart, the pound continues to encounter resistance at the balance line (red) and the 34-period simple moving average (green). The Marlin oscillator has slowed its ascent and shows signs of a potential reversal. A significant market event is required for the price to break into the target range of 1.2816/47. However, no news is scheduled during the European session.

Exchange Rates 11.12.2024 analysis

On the 4-hour chart, the upward momentum remains intact. The price consolidates above the balance line, supported by rising indicator lines. The Marlin oscillator has rebounded from the zero line, signaling a new wave of growth.

For the bears, one scenario hinges on Marlin potentially consolidating near the neutral zero line. If so, and if evening data supports it, a technical picture of the price breaking downward from consolidation could emerge. A move below 1.2708, reinforced by the MACD Line, would confirm this bearish scenario.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.