What Can Expect From The Major Currency Pairs, Will Be Bullish Or Bearish Trend? (EUR/USD & GBP/USD)

Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

EUR/USD

Exchange Rates 12.09.2022 analysis

Higher timeframes

The opening of the week took place with some upward gap. Bulls are not in a hurry to complete the corrective rise. Instead, there is hope for its development, as well as a change in daily preferences. To implement these tasks, bulls need to overcome the resistance of the weekly short-term trend (1.0116) and eliminate the daily death cross (1.0116 - 1.0176 - final levels). For bears, the 1.0000–0.9989 zone (psychological level + daily short-term trend) remains as support, while the minimum extremum (0.9864) and the downward trend recovery are still the targets.

Exchange Rates 12.09.2022 analysis

H4 – H1

As of writing, the main advantage on the lower timeframes is on the bulls' side. The reference points for the upward movement within the day today can be noted at 1.0128 (H4 target) and 1.0168 - 1.0224 (classic pivot points). The key levels of the lower timeframes are now supports, guarding bulls at 1.0050 (central pivot point of the day) and 0.9976 (weekly long-term trend). Consolidation below will change the current balance of power.

***

GBP/USD

Exchange Rates 12.09.2022 analysis

Higher timeframes

At the opening of the trading week, an ascending gap of several points is noticeable, as well as the desire of bulls to develop the current corrective movement, formed earlier after testing support at 1.1411 (minimum extremum of 2020). The bulls have already updated last week's high, we can note the resistance levels of the daily cross 1.1737 - 1.1840 - 1.1943 among the reference points, and the weekly short-term trend (1.1848) serves as support in this area.

Exchange Rates 12.09.2022 analysis

H4 – H1

Bulls currently have the advantage on the lower timeframes. They are now testing the strength of the upper boundary of the H4 cloud (1.1672). Upon breakdown, an upward target will be formed. In addition, the reference points for the rise within the day are now the resistance of the classic pivot points (1.1728 - 1.1810). The key levels form support and are currently located at 1.1575 (central pivot point) and 1.1537 (weekly long-term trend). A breakdown of 1.1575–37 and a reliable consolidation below will change the current balance of power, while the situation would be better to re-evaluate.

***

In the technical analysis of the situation, the following are used:

higher timeframes – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)

 

 

 

 

Relevance up to 09:00 2022-09-13 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more: https://www.instaforex.eu/forex_analysis/321400

Britain's Rishi Sunak And EU's Ursula Von Der Leyen Will Meet Today To Finalize The Northern Ireland Drama

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand instaforex.eu, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). InstaForex.eu has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex.eu is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds.

InstaForex.eu offers access to around 2,500 instruments (CFDs in Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at: www.instaforex.eu

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.