简体中文
ภาษาไทย
繁體中文
Indonesia
GBPUSD: Low level wide amplitude oscillation
2022-09-20
1098
Fundamental analysis:
The pound remained volatile against the dollar at 1.14209. The Bank of England will not raise interest rates as vigorously as the Federal Reserve on September 22, and may choose to raise interest rates by 50 basis points to 2.25%. Given the market expectation that the Bank of England will raise interest rates by 75 basis points, this decision of the Bank of England will put further pressure on the pound.
GBPUSD GBPUSD - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the power of low short positions has maintained wide fluctuations, and the low positions may be maintained for a short period of time. The market bulls have signs of waiting for opportunities to enter the market. The MACD indicator is maintained in the short positions area, and the RSI indicator is maintained in the short positions area, and the upward trend is slow;
Multi empty turning point: 1.14105
Pressing position: 1.14502, 1.14796
Support position: 1.13819, 1.13525
Trading strategy: bullish above 1.14105, target 1.14502, 1.14796
Alternative strategy: bearish under 1.14105, target 1.13819, 1.13525
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
