empty
 
 
24.01.2023 12:27 PM
Technical analysis of EUR/USD and GBP/USD on January 24, 2023

EUR/USD

This image is no longer relevant

Larger timeframes

Since Monday, the euro bulls have been pushing EUR/USD up to 1.0931-43, the important resistance zone which is represented by the upper border of a one-week cloud + a one-month medium-term trend. When testing this area, a Doji candlestick has appeared on the daily chart, but the test result will be visible on larger time frames. When the price surpasses 1.0931-43 and settles above, this will open new prospects. If the price is rejected off resistance, traders will shift focus to downward targets. The support levels of the daily Ichimoku cross such as 1.0829 – 1.0757 – 1.0705 – 1.0653, will act as the first targets.

This image is no longer relevant

H4 – H1

On smaller time frames, despite the ongoing decline, the bulls are still setting the tone because the currency pair stays above the one-week long-term trend line which is located today at 1.0835. Upward intraday targets are seen at the resistance of classic pivot levels of 1.0917 – 1.0962 – 1.0998. A breakout of a one-week long-term trend line at 1.0835 and the price reversal will change the balance of trading forces. Extra downward intraday targets could be found at 1.0800 – 1.0755.

***

GBP/USD

This image is no longer relevant

Larger time frames

GBP/USD is still testing the important area around 1.2457 which coincides with strong upper borders of the Ichimoku cloud of one-month and one-week time frames. The test result will serve as the key to a further price move. A breakout of this area will reinforce the bullish outlook. A rejection off this area will cement the bearish sentiment. The nearest support levels are seen at 1.2266 – 1.2303 (the intraday short-term trend line + one-month medium-term trend line).

This image is no longer relevant

H4 – H1

Starting yesterday, GBP/USD has been testing the key levels of smaller time frames. Today, these key levels are seen at 1.2382-53 (the central pivot level + one-week long-term trend line). While the pair is trading above the key levels, the bulls are holding the upper hand. Upward intraday targets are determined today at 1.2440 – 1.2506 – 1.2564 which match the resistance of classic pivot levels. Once the price settles below and reverses its trajectory, the bears will take the lead. Downward targets could be found at support of classic pivot levels such as 1.2316 – 1.2258 – 1.2192.

***

This technical analysis is based on the following ideas:

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

H1 – classic pivot points + 120-period Moving Avarage (weekly long-term trendline)

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget