empty
 
 
ar
الدعم
فتح الحساب الفوري
منصة التداول
إيداع/ سحب

21.11.202211:16 Forex Analysis & Reviews: Technical analysis of EUR/USD and GBP/USD on November 21, 2022

EUR/USD

Exchange Rates 21.11.2022 analysis

Senior timeframes

Both currency pairs came to a standstill last week. A further decline in EUR/USD and GBP/USD will make prices bounce from support and resistance. The current zone includes the intraday target aimed at a breakout of a cloud embracing 1.0285 – 1.0369 and the ultimate levels of the weekly Ishimoku cross at 1.0309 as well as a one-month short-term trendline along 1.0386. The nearest support levels today could be defined at 1.0209 – 1.0162 – 1.0093 which correspond to the daily cross + weekly medium-term trendline.

Exchange Rates 21.11.2022 analysis

H4 – H1

On junior timeframes, the currency pair settled below the key levels in the corridor between 1.0357 and 1.0345 which represent the central pivot level + weekly long-term trendline. Trading below these levels ensures the bears' advantage. At the moment, the support at 1.0263 is being tested. The ultimate level of a classic pivot point at 1.0212 could act as the next intraday target. If the price settles above 1.0345-57, this will influence the balance of trading forces. The market might regain the bullish sentiment. The next upward intraday targets could be the following classic pivot levels: 1.0376 – 1.0427 – 1.0458.

***

GBP/USD

Exchange Rates 21.11.2022 analysis

Senior timeframes

Last week, GBP/USD stayed between the gravity zone and the resistance area of 1.1781 – 1.1842 – 1.1895 represented by weekly and monthly levels. As a result, the current situation and the outlook have not been crucially revised. The main task for the bulls in this section remains the same: testing the area of 1.2099 – 1.2292 – 1.2302 which represents the intraday target of the cloud's breakout + monthly medium-term trendline. In turn, a further down move will lead the instrument to support of the daily Ishimoku cross of 1.1681 – 1.1544. These levels will accelerate the move from the weekly medium-term trendline.

Exchange Rates 21.11.2022 analysis

H4 – H1

On Junior timeframes, at the moment GBP/USD is trying to settle below the key levels of 1.1897-55 which corresponds to the central pivot and weekly long-term trendline. If the bulls win back 1.1855-97, they will be able to reinforce their strength and settle the price above the classic pivot levels of 1.1939 – 1.1991 – 1.2033.

***

This technical analysis is based on the following ideas:

Senior timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

H1 – classic pivot points + 120-period Moving Average (weekly long-term trendline)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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.

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.