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

11.12.202310:21 Forex Analysis & Reviews: EUR/USD and GBP/USD: trading plan for beginners on December 12

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.

Details of economic calendar on December 8

The US labor market showed resilience in November beyond expectations. The unemployment rate unexpectedly fell to 3.7%, while the forecast had projected it to remain at around 3.9%. The number of jobs, excluding farm employment, increased by 199K in November, which exceeded analysts' forecasts of 180K new jobs. The market response to these statistics was manifested in high volatility.

Analysis of technical charts on December 8

During the North American on Friday, the EUR/USD pair traded robustly. As a result, the instrument extended the current correction cycle. Importantly, traders rushed to open short positions. However, the trading day ended with an increase in long positions. Thus, EUR/USD closed the trading day slightly lower with a dip of 30 pips.

Speaking about the GBP/USD pair, the support level of 1.2500 was reached during speculative activity, while the volume of short positions quickly went down. This led to a technical pullback, even though the instrument remained under bearish pressure.

Exchange Rates 11.12.2023 analysis

Economic calendar on December 11

As usual, the economic calendar is empty on Monday. So, no important statistical data in the EU, UK, and the US will be released.

However, many important events are expected throughout the trading week, including US inflation data and policy meetings of the Federal Reserve, the European Central Bank, and the Bank of England. Therefore, financial markets will trade with higher volatility.

EUR/USD: trading plan for December 11

Despite the technical signal that the euro is oversold in the short term, the currency pair is still trading under bearish pressure. If the price settles below 1.0750, a subsequent decline to the level of 1.0700 is possible. The recovery scenario of EUR/USD requires the price to return above the level of 1.0800, which could trigger a gradual increase in the volume of long positions.

Exchange Rates 11.12.2023 analysis

GBP/USD: trading plan for December 11

If the bears want to push GBP/USD even lower, the price must settle below the level of 1.2500 despite the signal that the pound sterling is oversold. Otherwise, the current pivot level could be interpreted as support, which could lead to an increase in the volume of long positions and, therefore, a partial recovery in the British pound's rate.

Exchange Rates 11.12.2023 analysis

What's on charts

The candlestick chart type consists of graphic rectangles in white and black with lines at the top and bottom. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular period: opening price, closing price, maximum and minimum price.

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

Circles and rectangles are highlighted examples where the price developed. This color highlighting indicates horizontal lines that may put pressure on the price in the future.

Up/down arrows are guidelines for 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