empty
 
 
07.12.2022 10:43 AM
EUR/USD and GBP/USD technical analysis on December 7, 2022

EUR/USD

This image is no longer relevant

Higher time frames

Yesterday, bears continued to push the price lower but the movement was weak. Ahead is an obstacle presented by the support of the daily short-term trend at 1.0442. If the price keeps moving lower, its next downward target will be found at 1.0302 (monthly short-term trend). The nearest upward target today is located at 1.0611 (monthly fibo Kijun level).

This image is no longer relevant

H4 – H1

On lower time frames, the pair slipped below the key levels accumulated at 1.0486 (central pivot level + weekly long-term trend). They act as resistance now. As long as the key levels support the bears, we can expect the continuation of the downtrend and reinforcement of the bearish bias. Downward targets on the daily chart are located at 1.0438 – 1.0412 – 1.0364 (support of the standard pivot levels). If the sentiment changes and bulls return to the market, then after reaching 1.0486, the price will head toward 1.0512 – 1.0560 – 1.0586 (resistance of standard pivot levels).

***

GBP/USD

This image is no longer relevant

Higher time frames

At the moment, the pound is testing the support area of 1.2121 – 1.2099 (daily short-term trend + first daily target). A firm settlement below this range will allow bears to develop a stronger downside movement. Trading activity will be concentrated near the support area with the upper boundary at 1.1886-40. A rebound from the support of 1.2099 will bring the pair back to the levels of 1.2292 – 1.2302 (fully tested daily target + monthly short-term trend).

This image is no longer relevant

H4 – H1

Bears are now prevailing on lower time frames. Their daily downward targets today are found at 1.2080 – 1.2032 – 1.1938 (support of standard pivot levels). To change the trend, the pair needs to return and settle above the key levels of 1.2183-74 (central daily pivot level + weekly long-term trend). More upward targets are located at the levels of 1.2222 – 1.2316 – 1.2364 (resistance of standard pivot levels).

***

Technical analysis is based on:

Higher time frames – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

H1 – Pivot Points (standard) + 120-day Moving Average (weekly long-term trend)

Evangelos Poulakis,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback