empty
 
 
Chystáte se opustit
www.instaforex.eu >
stránku provozovanou společností
INSTANT TRADING EU LTD
Otevřít účet

01.12.202211:34 Forex Analysis & Reviews: EUR/USD: trading plan for beginners on December 1, 2022

Tyto informace jsou v rámci marketingové komunikace poskytovány retailovým i profesionálním klientům. Neobsahují investiční rady a doporučení, nabídky k nebo žádosti o účast na jakékoli transakci nebo strategii spojené s finančními nástroji a neměly by tak být chápány. Předchozí výkon není zárukou ani predikcí budoucího výkonu. Instant Trading EU Ltd. neručí a nezodpovídá za přesnost nebo úplnost poskytnutých informací, ani za ztrátu vyplývající z jakékoliv investice na základě analýzy, předpovědi nebo jiných informací poskytnutých zaměstnancem společnosti nebo jiným způsobem. Úplné znění Odmítnutí odpovědnosti je k dispozici zde.

Specifics of economic calendar on November 30

Inflation in the Eurozone has logged the first downtick from a previous month since June 2021.The Eurostat reported that the annual CPI rate eased to 10% in November from 10.6%. The ECB is sure to underscore this fact at the coming policy meeting but the regulator is likely to decide on another jumbo rate hike.

The focal point yesterday was a speech by Jerome Powell. The Federal Reserve's Chairman dropped a hint about the moderation in the pace of rate hikes in December. This information signal was a catalyst for the rally in the US stock market and a sell-off of dollar-denominated assets.

Overview of technical charts from November 30

EUR/USD rebounded from the support level of 1.0300. As a result, the price developed an inertial rally, heading for resistance at 1.0500.

The cause and effect of the bounce is the information background. Technical analysis coincided with it.

After sideways trading at about the psychological level of 1.1950/1.2000, GBP/USD has not been able to settle in this area. In consequence, this area was worked out by traders as support where the price gained impetus for the bounce.

Exchange Rates 01.12.2022 analysis

Economic calendar on December 1

Today, market participants will take notice of the EU unemployment rate which is expected to grow to 6.9% from 6.6%. A rise in the jobless rate could shake the euro's confidence.

During the New York trade, traders will monitor a weekly update on US unemployment claims as usual on Thursdays. The consensus suggests an increase in the number of jobless claims. This is a bad omen for the US labor market.

The number of continued unemployment claims could have increased from 1.551 mln to 1.573 mln.

The number of first-time unemployment claims is expected to decline slightly from 240K to 235K.

Schedule

EU unemployment rate – 10:00 GMT

US unemployment claims – 13:30 GMT

Trading plan for EUR/USD on December 1, 2022

Under such market conditions, the key support and resistance levels of 1.0300 and 1.0500 are still valid for traders. I reckon if the price settles beyond any of the key levels on the 4-hour chart, it will indicate a further trajectory and a cycle of EUR/USD. Until then, the reasonable strategy is to open appropriate positions at price bounces and drops.

Exchange Rates 01.12.2022 analysis

Trading plan of GBP/USD on December 1, 2022

The buyers are still facing resistance at 1.2150. Last week, the price dropped from this level. Supposedly, speculators aim to break through this level. In this case, the ongoing upward cycle from the lows of the downtrend will be extended for GBP/USD. Importantly, a breakout of 1.2150 will be a genuine one only in case the price settles above this level on the daily chart.

Until the breakout of 1.2150 is not confirmed, traders will follow the alternative scenario of a price drop.

Exchange Rates 01.12.2022 analysis

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed on history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

Gven Podolsky
analytik InstaForexu
© 2007–2024

Otevřít obchodní účet

Díky analytickým přehledům společnosti InstaForex získáte plné povědomi o tržních trendech! Jako zákazníkovi společnosti InstaForex je Vám k dispozici velký počet bezplatných služeb umožňujících efektivní obchodování.




Nyní opouštíte web www.instaforex.eu, web provozovaný společností INSTANT TRADING EU LTD
Nemůžete právě teď mluvit?
Položte vaši otázku v chatu.

Turn "Do Not Track" off