简体中文
ภาษาไทย
繁體中文
Indonesia
GBPUSD: High level oscillation moves up
2022-10-18
1100
Fundamental analysis:
The pound remained volatile against the dollar at 1.13476. Traders reduced their bets on the Bank of England's interest rate hike. It is expected that the Bank of England's key interest rate will reach a peak of 5.36% by May next year, the lowest level since the mini budget was released.
GBPUSD GBPUSD - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the bulls' momentum has kept rising in a stepwise manner, and the short-term bullish sentiment has continued. The early high is almost late, and the break is imminent. The MACD index remains narrow in the bulls' area, and the RSI index hovers around the market weakness at the 50 equilibrium line;
Multi empty turning point: 1.13152
Pressing: 1.14105, 1.14757
Support: 1.12517, 1.11918
Trading strategy: bullish above 1.13152, target 1.14105, 1.14757
Alternative strategy: 1.13152 lower bearish, target 1.12517, 1.11918
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
