Condições de Negociações
Ferramentas
EUR/USD
Higher timeframes
The bears failed to end the week with a new low, as it could not test 1.0668. However, the candle of uncertainty formed at the previous week's low suggests that if the bears manage to break below 1.0668, a downward movement will start. The nearest target is now the monthly support at 1.0611. If the bears fail to keep the situation under their control, the bulls will start to regain their positions. The first resistance levels will be the daily Ichimoku cross (1.0760 - 1.0792), reinforced by the monthly short-term trend (1.0795).
H4 – H1
The bears currently have the advantage on the lower timeframes. The current balance of power can change by capturing key levels - the central Pivot level of the day (1.0717) and the weekly long-term trend (1.0723). Starting a trend can significantly strengthen one side's position in the market. In case the price starts to move in a specific direction, the supports and resistances of the classical Pivot levels, the positions of which change daily, will serve as reference points within the day. It is better to use new values of Pivot levels, which are now available.
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GBP/USD
Higher timeframes
The bears tested last week's low and broke below the weekly support at 1.2665. If they manage to hold and confirm this result, GBP/USD will continue to fall by breaking below support levels on various timeframes. Today, the nearest important levels are around 1.2578 - 1.2596 (upper boundary of the daily cloud + weekly levels). The market may quickly replace the bearish activity with a bullish one if the bearish scenario fails to materialize. The bulls will be primarily interested in the resistances of the daily Ichimoku cross, currently located at 1.2712 - 1.2740 - 1.2768.
H4 – H1
Bears had the main advantage on the lower timeframes once the forex market closed on Friday. If they maintain the advantage, the downward movement will continue. The intraday targets for the bearish movement are the supports of the classic Pivot levels. However, if the current balance of power is disrupted, and the price breaches the key levels, which were in the range of 1.2676-87 at the week's close, the bulls will gain the advantage as well as new prospects. Their intraday targets will be the resistances of the classical Pivot levels. New Pivot level values are now available.
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels
Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
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