empty
 
 
Está a punto de salir de
www.instaforex.eu >
un sitio web operado por
INSTANT TRADING EU LTD
Abrir cuenta

16.10.202410:11 Forex Analysis & Reviews: EUR/USD and GBP/USD October 16 – Technical Analysis

Relevancia 03:00 2024-10-17 UTC--4
Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

EUR/USD

Exchange Rates 16.10.2024 analysis

Higher Time Frames

The bears continue to push downward, working below a consolidated cluster of levels from different time frames (1.0908 – 1.0919). As a result, the 1.0908-19 area remains the most significant challenge for the bulls in their attempt to regain positions. If the downward movement continues, bearish targets can be noted at 1.0863 – 1.0850 – 1.0811 (weekly cloud + the final level of the weekly Ichimoku cross).

Exchange Rates 16.10.2024 analysis

H4 – H1

In the lower time frames, the bears continue developing a downward trend. Support levels of the classical Pivot Points (1.0877 – 1.0862 – 1.0842) are in place to strengthen bearish sentiment during the day. If priorities shift and an upward correction develops, the market's attention will turn to key levels – the central Pivot Point (1.0897) and the weekly long-term trend (1.0924). A break and reversal of the trend could change the current balance of power. Today's upward targets are 1.0932 (R2) and 1.0947 (R3).

***

GBP/USD

Exchange Rates 16.10.2024 analysis

Higher Time Frames

The bears were the first to break out of the uncertainty around the upper boundary of the daily cloud (1.3070) and demonstrate their potential. They are currently testing the weekly support level (1.2999), with the following targets at 1.2940 (lower boundary of the daily cloud) and 1.2866 (weekly mid-term trend + monthly short-term trend). Just below these supports lies the monthly cloud (1.2930 – 1.2797).

Exchange Rates 16.10.2024 analysis

H4 – H1

In the lower time frames, the bears made a sharp move, changing the existing balance of power and breaking through two supports of the classical Pivot Points. As a result, only one downward target remains within the day at S3 (1.2969). Once this is broken, the bears' focus will shift to targets on the higher time frames (1.2940 – 1.2930 – 1.2866 – 1.2797). For the bulls, the only option under the current conditions is to neutralize all of the bears' achievements and return to the key levels in the 1.3068-63 range (central Pivot Point + weekly long-term trend), but this scenario seems unlikely at the moment.

***

Technical Analysis Tools Used:

  • Higher time frames: Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels;
  • Lower time frames: H1 – Pivot Points (classic) + 120-period Moving Average (weekly long-term trend).
Desarrollado por un Evangelos Poulakis
experto de análisis de InstaForex
© 2007-2024

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.




Usted está ahora saliendo de www.instaforex.eu, un sitio web operado por INSTANT TRADING EU LTD
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.

Turn "Do Not Track" off