简体中文
ภาษาไทย
繁體中文
Indonesia
GBPUSD: low volatility
2022-12-30
1013
Fundamental analysis:
Sterling remained volatile near 1.20610 against the U.S. dollar. Due to cyclical weakness and concerns about the sustainability of the balance of payments, the outlook for the pound remains bleak; according to market forecasts, the British economy will contract in the coming year and the first half of 2024, more than other developed countries Economies contract for longer.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low level maintains a narrow range of volatility, the market is in a low-level and weak trend, and has not been able to get out of the final direction in the short term. The MACD indicator is in a weak position in the bearish area, and the RSI indicator is weakly hovering near the 50 balance line;
Long-short turning point: 1.20760
Suppression: 1.21055, 1.21340
Support: 1.20310, 1.20018
Trading strategy: bearish below 1.20760, target 1.20310, 1.20018
Alternative strategy: Bullish above 1.20760, target 1.21055, 1.21340
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
