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

20.03.202409:05 Forex Analysis & Reviews: EUR/USD and GBP/USD: Technical analysis on March 20

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 20.03.2024 analysis

Higher Timeframes

During the previous trading session, bearish players reached and were able to test the crucial milestone of 1.0839, which consolidated several significant levels across different timeframes. However, the day's outcome was once again fixed within the attraction zone of 1.0876 – 1.0862. As a result, the primary task for bearish players remained the same. New bearish targets and plans can only emerge after bearish players manage to overcome the supports at 1.0876 – 1.0862 – 1.0839 and consolidate below.

For bullish players, the benchmarks remain unchanged, situated around 1.0909 – 1.0915 – 1.0918 (daily short-term trend + upper boundaries of the daily and weekly Ichimoku clouds).

Exchange Rates 20.03.2024 analysis

H4 – H1

On lower timeframes, a corrective upward movement is currently unfolding, with the weekly long-term trend (1.0895) serving as the main reference point. It should be noted that the key level of lower timeframes today is positioned above the current zone of influence of higher timeframes, so a breakthrough and trend reversal could align with the possibilities of higher timeframes, creating good conditions for changing the current balance of power. The next targets for the upward movement within the day will be the resistances of the classic pivot points R2 (1.0901) and R3 (1.0925).

The development of bearish sentiments within the day in the current situation may involve passing through the supports of classic pivot points (1.0859 – 1.0841 – 1.0817 – 1.0799).

***

GBP/USD

Exchange Rates 20.03.2024 analysis

Higher Timeframes

Yesterday, bearish players cast a long lower shadow, reaching the next zone of influence and supports at 1.2671-1.2662, but they had to close the day above the current supports at 1.2713 – 1.2705. Therefore, it can be assumed that the opponent is not ready to yield yet and will continue the struggle.

Confirmation and development of the rebound from the tested supports will redirect the attention of bullish players to the resistances at 1.2755 – 1.2779 (daily Fibonacci Kijun + daily short-term trend).

Exchange Rates 20.03.2024 analysis

H4 – H1

The main advantage on lower timeframes currently continues to favor bearish players. Targets for resuming the decline within the day today are located at the levels of 1.2705 – 1.2679 – 1.2640 – 1.2614 (classic pivot points).

However, if the current corrective upward movement persists, then for a change in the current balance of power, bullish players must break through and reverse the weekly long-term trend (1.2746). Afterward, they will encounter resistances of classic pivot points (1.2770 – 1.2809), reinforced by resistances from higher timeframes (1.2755-79).

***

The technical analysis of the situation uses:

Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels

Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (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