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EUR/USD
Higher Timeframes
Yesterday, the bears continued their downward pressure and reached the final support of the weekly Ichimoku cross (1.0742). Breaking the golden cross will open up new prospects for the bearish part of the market. As a result, we can expect a retest of the low (1.0696) and testing of the monthly support (1.0611).
Previously passed levels today act as resistances. In case of a retest, the market will encounter levels between 1.0795 – 1.0809 – 1.0818 – 1.0839.
H4 – H1
On lower timeframes, the main advantage belongs to the bears. They recently marked a new low and are now undergoing a correction. For an upward movement, the market can use key resistances of lower timeframes, such as 1.0758 (central pivot point of the day) – 1.0795 (weekly long-term trend). Consolidation above these levels may change the current balance of power.
Additional reference points today may also be the supports (1.0716 – 1.0690 – 1.0648) and resistances (1.0826 – 1.0822) of classic pivot points.
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GBP/USD
Higher Timeframes
Yesterday, the bears updated the lows of the previous weeks, starting with the weekly support (1.2577). This level may now attract attention and restrain the situation. If the decline continues, then bears will first encounter a fairly strong and wide support zone at 1.2507 – 1.2481 – 1.2464 (weekly medium-term trend + upper boundary of the weekly cloud + monthly short-term trend), and then bearish attention will be focused on fulfilling the daily target for breaking the Ichimoku cloud (1.2373 – 1.2475).
H4 – H1
The main advantage on lower timeframes remains on the side of the bulls. At the moment, an upward correction is developing, with the pair testing the central pivot point of the day (1.2575). Changing the current balance of power is only possible by rising above and overcoming the resistance of the weekly long-term trend (1.2609). The next bullish reference points will be 1.2678 – 1.2716 (resistances of classic pivot points). If the current correction ends, then a continuation of the decline will be organized through the supports of classic pivot points (1.2510 – 1.2472 – 1.2407).
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels
Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
*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।
