empty
 
 
15.02.2021 10:51 AM
Technical analysis recommendations for EUR/USD and GBP/USD on February 15

EUR/USD

This image is no longer relevant

The pair continues to work under the important resistance levels of 1.2150-70 (weekly short-term trend + historical level). If the resistance is overcome, the bulls will need to leave the Ichimoku daily cloud (1.2222) to gain new prospects and opportunities, and its upper limit now strengthens the upward target for the H4 cloud breakout (1.2219-48). The lack of performance during the climb will keep the pair in the braking zone that has been outlined in recent days. It is currently actively working on changing the daily Ichimoku cross (1.2122 – 1.2089 final levels of the cross), and at the lower limits there is support at 1.2051-64 (daily Tenkan + weekly Fibo Kijun).

This image is no longer relevant

The support and influence of the weekly long-term trend again allowed the bulls to maintain their advantages. At the moment, the pair is testing resistance 1.2142 (R1), further intraday upward targets are 1.2165 (R2) and 1.2195 (R3). Key H1 levels today joined forces around 1.2112-07 (central Pivot level + weekly long-term trend). Fixing below will change the current balance of power to H1, and the classic Pivot levels 1.2089 - 1.2059 - 1.2036 will be added to the supports of the higher halves.

***

GBP/USD

This image is no longer relevant

The last weekly candle at the close indicated a bullish character. Thanks to this, the bullish players today, using their potential, updated the maximum and continued to rise. At the moment, the resistance of the first reference 1.3904 is being met (weekly target for breaking the cloud). The further development of the situation now depends on the formation of the result of interaction.

This image is no longer relevant

The support of the weekly long-term trend last Friday allowed the pair to complete a correctional decline, using the strength of this level, the pound recovered and continued the upward trend. On H1, the resistance of 1.3915 (R2) is currently being tested, then R3 (1.3968) is acting as an upward reference point within the day. The key levels of the lower time frames continue to act as support today, and they are currently combining their efforts in the area of 1.3829-10 (weekly long-term trend + central Pivot level of the day).

***

The following methods are used in the technical analysis of the situation:

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

H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback