empty
 
 
Stai per lasciare
www.instaforex.eu >
il sito gestito da
INSTANT TRADING EU LTD
Apri un conto

06.02.202311:25 Forex Analysis & Reviews: EUR/USD and GBP/USD trading plan for beginners on February 6, 2023

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

Details of the economic calendar on February 3

Friday's main event was the United States Department of Labor report, which caused a strong reaction in the financial markets.

Report details:

- Unemployment fell to 3.4% from 3.5%, with a forecast increase to 3.6%.

- Change in the number of people employed in the non-agricultural sector (January) +550,000, with a forecast of +185,000. We have indicators above December.

- Average hourly wages fell to 4.4% YoY from December's 4.9%.

The statistics turned out to be better than all forecasts. A strong January jobs report indicates that the U.S. economy can handle further interest rate hikes. As a result, the U.S. dollar strengthened in the financial markets.

Exchange Rates 06.02.2023 analysis

Analysis of trading charts from February 3

The EURUSD currency pair accelerated its decline due to the strong information and news background. As a result, the quote not only reached the level of 1.0800, it managed to stay below it in a four-hour period. This price move at least indicates a slowdown in the upward trend.

The GBPUSD currency pair, during the inertial downward movement, came close to the 1.2000 psychological level. In view of the fact that the market has a status of oversold pound sterling, as well as the convergence of the price with the control level, there was a reduction in the volume of short positions. This slowed down the inertial movement.

Economic calendar for February 6

Statistics from the U.K. and the European Union are expected.

UK construction PMI for January is estimated to rise from 48.8 to 49.6. The construction sector is an important part of the British economy.

EU retail sales may slowdown its decline from -2.8% to -2.6% in annual terms.

Time targeting:

United States Department of Labor Report – 13:30 UTC

EUR/USD trading plan for February 6

In order to consolidate the sellers' positions on the euro, the quote needs to hold below the value of 1.0750. In this case a subsequent decline in the euro rate in the direction of 1.0650–1.0500 is possible.

As for the reversal, it is also considered by the traders in the scenario of the price rebound from the level of 1.0800. In this case the technical signal of an oversold euro, caused by the inertial move, is taken into account.

Exchange Rates 06.02.2023 analysis

GBP/USD trading plan for February 6

The absence of a breakdown of the psychological level will lead at least to stagnation. Ideally, the 1.2000 level will play the role of support, in this case, a pullback in the direction of 1.2150 is possible.

As for the prolongation of the downside scenario, it will be considered by traders if the price remains below 1.1950, preferably in the daily period.

Exchange Rates 06.02.2023 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 in 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.

Eseguito da Gven Podolsky
Esperto analista di InstaForex
© 2007-2024

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.




Stai per lasciare www.instaforex.eu, il sito Web gestito da INSTANT TRADING EU LTD
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.

Turn "Do Not Track" off