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EUR/USD
Larger timeframe
Short sellers managed to enable an intraday drop yesterday and proceeded with the decline. As a result, EUR/USD closed November with a pretty long upper shadow. The weekly result indicates bearish optimism, suggesting a further downside. If this market sentiment maintains, the instrument will be able to test the following landmark levels: 1.0862 (weekly medium-term trend + monthly short-term trend) and 1.0828-23 (monthly Fibo Kijun + upper border of the weekly cloud + daily Fibo Kijun). The levels passed yesterday are acting today as immediate resistance levels of 1.0936 (daily short-term trend) and 1.0960 (weekly Fibo Kijun).
H4 – H1
On lower time intervals, short sellers completed the weekly long-term trend yesterday. Thanks to this, the main advantage has now shifted to their side, and attention is directed to a new downward area of 1.0851 – 1.0813 – 1.0747 (support for classic Pivot levels). Key levels today are resistance levels located at 1.0917 (central Pivot levels of the day) and 1.0951 (weekly long-term trend). A breakout and consolidation above will change the current balance of trading forces in favor of the bulls. The reference levels in this case will be R2 (1.1021) and R3 (1.1059).
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GBP/USD
Larger timeframe
The hesitation of the bulls allowed the activity of the bears who yesterday carried out a decline and approached the support in the area of 1.2588 (daily short-term trend + weekly medium-term trend + monthly short-term trend). Overcoming these support levels will open up new landmark levels for short sellers. In turn, the current obstacles for the bulls are formed by resistance at 1.2738 – 1.2719 (weekly Fibo Kijun + first intraday target).
H4 – H1
At lower time frames, GBP/USD is currently trading without a clear-cut trajectory as the instrument is moving above or below key levels. Today, the price is moving sideways in the area of 1.2647 (central Pivot level + weekly long-term trend). Traders will determine further sentiment and target levels, depending on the situation. In this case, intraday targets will be the classic Pivot levels: for the bulls - resistance (1.2685 - 1.2750 - 1.2792), for the bears - support (1.2578 - 1.2536 - 1.2471).
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This technical analysis is based on the following ideas:
Larger timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
H1 – classic pivot points + 120-period Moving Average (weekly long-term trendline)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
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।
