empty
 
 
28.10.2020 11:03 AM
Technical recommendations for EUR/USD and GBP/USD on October 28

EUR / USD

This image is no longer relevant

The pair continued to make a downward movement, so the weekly short-term trend (1.1811) was left behind. At the moment, the issue of support for the daily Tenkan (1.1784) is being resolved. The loss of short-term trends on the weekly and daily time frames will give us a chance to further strengthen the bearish moods. Now, we can note the levels of 1.1746 (daily Kijun) - 1.1715 (daily Fibo Kijun) - 1.1688 (lower limit of the monthly cloud) as new downside goals.

This image is no longer relevant

In the smaller time frames, the bearish players managed to leave the attraction zone of the key levels, where they increased for a retest after the breakdown. As a result, the advantage of forces is now on the bears' side. The support for classic pivot levels is a benchmark for intraday decline 1.1766 - 1.1747 - 1.1710. Today, the key levels form the resistances of 1.1803 (central pivot level) and 1.1827 (weekly long-term trend), which are responsible for maintaining the bearish advantage.

GBP / USD

This image is no longer relevant

Yesterday's accumulation of support levels delayed the development of the decline, but the resistance of the weekly short-term trend (1.3076) insists on a new attempt. After overcoming the level of 1.3018 (daily Tenkan), the accumulation of support levels at 1.2980 (daily cloud + daily Fibo Kijun) and 1.2943-25 (daily Kijun + weekly Fibo Kijun) will be significant. If it is fixed below, it is better to analyze the situation again to assess new prospects.

This image is no longer relevant

The bulls failed to regain the key levels of the smaller time frames, despite making several attempts. As a result, there is a formation of a rebound from the resistances of the weekly long-term trend (1.3063) and the central pivot level (1.3039). In turn, the bears have updated their low, left the correction zone and continue to decline. The support within the day can be provided by the classic pivot levels located at 1.3000 - 1.2960 - 1.2921 today.

Ichimoku Kinko Hyo (9.26.52), Pivot Points (classical), Moving Average (120)

Evangelos Poulakis,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $1000 अधिक!
    में अप्रैल हम आकर्षित करते हैं $1000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback