empty
 
 

Forex Analysis & Reviews: EUR/USD and GBP/USD: technical analysis on December 6, 2022
time 06.12.2022 09:08 AM
time Relevance up to, 07.12.2022 09:08 AM

EUR/USD

This image is no longer relevant

Higher timeframes

Yesterday, the bulls entered the range of 1.0611. By the close of the day, the price pulled back from resistance. If bearish sentiment keeps growing a pullback may be confirmed on the daily and weekly charts. Then, a reversal may occur. The nearest support level is seen at 1,0442 (daily short-term trend). If the downtrend extends, the pair may encounter the monthly short-term trend at 1.0302.

This image is no longer relevant

H4 – H1

Following a pullback in lower time frames, a bearish correction is currently taking place. The bears left behind the central daily Pivot level of 1.0522, in line with resistance and serving as a bullish target. Other resistance classic Pivot points stand at 1.0563, 1.0637, and 1.0678. The key support level in lower time frames is seen at 1.0457 (weekly long-term trend). It also serves as the bearish target. A breakout and a reversal of the MA may cause a shift in trading forces.

***

GBP/USD

This image is no longer relevant

Higher timeframes

In the daily time frame, a breakout through the Ichimoku cloud at 1.2292 took place. The target was seen at 1.2302 (medium-term trend). As a result of a test in the daily time frame, a pullback occurred. An increase in bearish sentiment may push the pair to support standing at 1.2121 and 1.2099 (daily short-term trend + first daily target) and then to 1.1840 and 1.1762 (daily and monthly Ichimoku crosses).

This image is no longer relevant

H4 – H1

In lower time frames, a bearish correction is ongoing. The pair is approaching the support level of 1.2146 (weekly long-term trend). This is where the distribution of trading forces takes place. Bullish sentiment may increase if the price goes above the MA. Meanwhile, bearish sentiment may rise in case of consolidation and a reversal below the MA with a shift in trading forces. Additional support today stands at 1.2118, 1.2048, and 1.1935.

***

Indicators used in technical analysis:

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

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

Evangelos Poulakis,
Chuyên gia phân tích của InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $1000 nhiều hơn!
    Trong Tháng 02 chúng tôi xổ $1000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Technical analysis of GBP/USD for January 31, 2023

The GBPUSD pair traded with strong positivity yesterday to return to the bullish channel that appears on the chart, to head towards achieving expected additional gains in the upcoming sessions

Mourad El Keddani 21:49 2023-01-31 UTC+2

Technical analysis of EUR/USD for January 31, 2023

The expected trend for today: Bullish. The EUR/USD pair rallied upwards strongly yesterday to breach the bearish channel's resistance and settles above it, opening the way to turn

Mourad El Keddani 20:44 2023-01-31 UTC+2

USD/CHF: further growth invalidated

The USD/CHF pair is dropping like a rock at the time of writing. It's located at 0.9176 far below 0.9288 today's high. You can see that it has failed

Ralph Shedler 19:07 2023-01-31 UTC+2

January 31, 2023 : EUR/USD daily technical review and trading opportunities.

The market has remained under buying pressure until a plateau level occurred around the key-zone around 1.0800-1.0850. In the mean time, any downside movement towards 1.0300 should be watched

Mohamed Samy 18:02 2023-01-31 UTC+2

January 31, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 18:00 2023-01-31 UTC+2

January 31, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

Price action around 1.2340 was being watched for bearish rejection and a short-term SELL Entry. It was running in profits until the current bullish bounce has been expressed. Please take

Mohamed Samy 17:59 2023-01-31 UTC+2

Trading Signal for GBP/USD for January 31, 2023: sell in case of pullback at 1.2374 (21 SMA - bearish channel)

According to the 4-hour chart, we can see that the British pound is trading within a downtrend channel formed since January 13. In case there is a pullback towards 1.2374

Dimitrios Zappas 15:05 2023-01-31 UTC+2

Bulls try to reverse trend in the Dollar index.

The Dollar index is trading around 102.25 after making a low around 101.47 4 sessions ago. Price has stopped the decline at the 50% Fibonacci retracement level. In previous posts

Alexandros Yfantis 14:50 2023-01-31 UTC+2

Analysis of EUR/USD on January 31. Bullish trend remains strong

Hi everyone! The EUR.USD pair rose higher moving in the sideways channel. Later, it dropped to the lower border of the channel. However, it managed to rebound to 1.0900

Samir Klishi 12:05 2023-01-31 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday January 31, 2023

Currently on the 4-hour chart the main EUR/USD currency pair seems to be trying to break below the 1.0838 level which happens to be the Equal Low area

Arief Makmur 11:35 2023-01-31 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.