empty
 
 
Chystáte sa opustiť
www.instaforex.eu >
webovú stránku, ktorú prevádzkuje
INSTANT TRADING EU LTD
Otvoriť účet

29.12.202110:00 Forex Analysis & Reviews: Trading plan for starters of EUR/USD and GBP/USD on December 29, 2021

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Here are the details of the economic calendar for December 28, 2021:

Traders faced low liquidity in the market again yesterday – the quotes were mostly in place, and only the pound sterling showed speculative interest albeit the UK having an official holiday.

There were no statistics. The only thing that could be paid attention to was the S&P/CaseShiller house price index in the United States, which declined from 19.1% to 18.4%.

The decline in the index did not affect the market in any way.

Analysis of trading charts from December 28:

The EUR/USD pair continues to move in the sideways channel 1.1225/1.1355, where the wide amplitude changed to a narrow one within the upper border. Despite the variable stagnation, the sequence of the movement from the upper border to a side one is still relevant in the market. This indicates a high degree of uncertainty among traders.

The GBP/USD pair continued to move within its upper border after breaking through the resistance area of 1.3400/1.3420. This signals a slowdown in the upward cycle, which may negatively affect the volume of short positions.

The downward trend remains on the daily chart. A correction has appeared in its structure, which does not break the trend cycle.

Exchange Rates 29.12.2021 analysis

December 29 economic calendar:

The UK has returned to the market today, but, based on the statistics, the macroeconomic calendar is somewhat empty again. Europe's lending market data will be released, which is expected to rise insignificantly. On the other hand, the United States will publish an index of pending real estate sales, which is forecast to rise by 0.6% in November.

The data is insignificant, so it will be unnoticed by the market again.

Trading plan for EUR/USD on December 29:

In this situation, traders start from a sideways channel, where the same pattern has been observed for a long time in the form of a sequential price rebound. After that, stagnation within the upper border will initially indicate the possibility of a rebound towards the range of 1.1265-1.1225. It should be noted that the flat is a temporary manifestation of the market, and it will end soon. Thus, tactics for the breakdown of a particular border will be the most in-demand.

Exchange Rates 29.12.2021 analysis

Trading plan for GBP/USD on December 29:

The market may change the upward cycle to a sideways one since there is a gradual deceleration in the corrective movement. This scenario considers the price movement within the borders of 1.3385/1.3450.

It is worth considering that the above scenario has a short-term effect since the stagnation later will be regarded as a process of accumulation of trading forces, which will lead to new speculative price surges.

Exchange Rates 29.12.2021 analysis

What is reflected in the trading charts?

A candlestick chart view is graphical rectangles of white and black light, with sticks on top and bottom. When analyzing each candle in detail, you will see its characteristics of a relative period: the opening price, closing price, and maximum and minimum prices.

Horizontal levels are price coordinates, relative to which a stop or a price reversal may occur. These levels are called support and resistance in the market.

Circles and rectangles are highlighted examples where the price of the story unfolded. This color selection indicates horizontal lines that may put pressure on the quote in the future.

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

Gven Podolsky
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Teraz opúšťate stránku www.instaforex.eu, ktorá patrí spoločnosti INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off