empty
23.03.2021 03:04 AM
Forecast and trading signals for GBP/USD on March 23. Detailed analysis of previous recommendations and the pair's movement during the day

GBP/USD 5M

This image is no longer relevant

The GBP/USD pair was trading much quieter than the EUR/USD pair on Monday, March 22, which raises certain questions, since usually the opposite is true. However, as we said in the article on the euro, there were no important news and reports on Monday, so in principle everything is logical. The pound/dollar pair also opened the day with a gap to the downside, and there were quite active movements during the Asian session. At least the price didn't stay in one place, as it usually does at night. Movements did not become more active when the European session opened, and new signals did not begin to form. In fact, only one signal was formed during the day - at the very beginning of the US session. This was the only moment when the price reached any important level or line. The rebound from the 1.3830 extremum level turned out to be indistinct, however, almost unambiguous. The price has never settled below this level by more than 3-4 points, and as a result moved upwards from it, so traders could open long positions here. According to our recommendations, we should wait for the development of the Senkou Span B line, which currently lies at the 1.3896 level. The bulls failed to reach this target during the day, the pair went up as a result 30 points. Thus, as night approached, traders could manually close this trade for a small profit. But even if they did not do this, the Stop Loss should have been set to breakeven. Thus, it will not be possible to receive losses on this transaction anyway. The total volatility of the pair for the day was around 60 points, which is very small for the pound, so it is not surprising that there were few signals, and the movements were weak.

GBP/USD 1H

This image is no longer relevant

On the hourly timeframe, you can see that on Monday the price hit the updated extremum level (1.3820) twice and bounced off it both times. This gives hope that the upward movement will continue to the Senkou Span B and Kijun-sen lines on Tuesday. We note that this is already the third time the price rebounded from the 1.3820 level, so we can speak of this level as the lower border of the horizontal channel, presumably 1.3820-1.4000. If so, then a new round of the upward movement to the 1.4000 level may begin now. At the same time, overcoming the 1.3820 level will allow traders to expect that the dollar can strengthen further. The UK is set to publish the unemployment rate, the number of applications for unemployment benefits and changes in the average salary. Andrew Bailey, Jerome Powell and Janet Yellen will also speak on Tuesday. As you can see, the day will be very busy in terms of foundation and macroeconomics, so sharp price reversals and rather high volatility are possible. In general, we continue to recommend trading from important levels and lines, when rebounding from them and overcoming them. As before, you should set the Stop Loss level at breakeven when the price passes 15-20 points in the right direction. The nearest level/line is always used as targets.

COT report

This image is no longer relevant

The GBP/USD pair rose by 75 points during the last reporting week (March 9-15). However, this growth is very conditional, since, as we have already mentioned, the last two weeks have been in absolute flat for the pound. As for the traders' sentiment, recently the "non-commercial" group continued to increase its net position, which testified to the strengthening of the bullish sentiment. It has only been bearish in the past two weeks, including the latest COT report that came out this Friday. A decline in the net position by 6,000 contracts was recorded a week ago, the new COT report showed a fall by another 6,500. Thus, one could even assume the end of the upward trend, however, pay attention to the movement of the first indicator in recent months. The green and red lines, which reflect changes in the net positions of the "non-commercial" and "commercial" groups of traders, constantly changed the direction of movement and were mostly near the level 0. This suggests that the mood of the major players was constantly changing, and the rate of the pound/dollar pair, meanwhile, moved for its own reasons. Thus, the current "signal" about the possible completion of an upward trend is likely to be false. We remind you that the pound is experiencing huge problems in order to show the downward movement. Markets are stubbornly reluctant to get rid of it, and global fundamentals may trigger a new round of the upward trend in the coming weeks.

Explanations for illustrations:

Support and Resistance Levels are the levels that serve as targets when buying or selling the pair. You can place Take Profit near these levels.

Kijun-sen and Senkou Span B lines are lines of the Ichimoku indicator transferred to the hourly timeframe from the 4-hour one.

Support and resistance areas are areas from which the price has repeatedly rebounded off.

Yellow lines are trend lines, trend channels and any other technical patterns.

Indicator 1 on the COT charts is the size of the net position of each category of traders.

Indicator 2 on the COT charts is the size of the net position for the "non-commercial" group.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

2月19日英鎊兌美元的交易建議和分析:英鎊也進入「休息」狀態

週二,英鎊/美元貨幣對反映了其更具主導地位的對應貨幣的行為。在連續第二天,我們觀察到完全橫盤的運動。

Paolo Greco 02:57 2025-02-19 UTC+2

2月19日歐元/美元的交易建議與分析:連續兩天的完全震盪走勢

在週二,歐元/美元貨幣對表現出對進行交易的興趣不大,因為日內波動性保持在最低水平,基本沒有顯著的變動。連續第二天,歐元逐漸下跌,向關鍵的Kijun-sen線靠近,這可以視為一種局部修正,正如我們在週一所提醒的。

Paolo Greco 02:56 2025-02-19 UTC+2

英鎊/美元:2月18日美國交易時段交易計劃(晨間交易回顧)

在今天早上的預測中,我將1.2627水平作為市場進入決策的關鍵點。從5分鐘圖表來看,該貨幣對有所上升,但未能達到1.2627,使我無合適的進入點。

Miroslaw Bawulski 13:00 2025-02-18 UTC+2

歐元/美元:2月18日美國交易時段計劃(早盤交易回顧)。歐元仍然缺乏明確方向

在我上午的預測中,我強調了1.0450這一水平作為制定市場進入決策的關鍵點。觀察5分鐘圖,價格跌至1.0485,但沒有形成合適的進入點。

Miroslaw Bawulski 12:25 2025-02-18 UTC+2

如何在2月18日交易英鎊/美元?初學者的簡單技巧和交易分析

與歐元/美元對不同的是,英鎊/美元在週一的美國交易時段試圖保持其上升趨勢。然而,多頭試圖推高英鎊的努力最終未能如願。

Paolo Greco 07:06 2025-02-18 UTC+2

如何在2月18日交易歐元/美元比對?給初學者的簡單提示和交易分析

在連續五天的增長後,EUR/USD 貨幣對在週一出現了小幅回調。然而,即便如此,市場波動率依然極低,沒有顯著的基本面或宏觀經濟因素對市場造成影響。

Paolo Greco 07:06 2025-02-18 UTC+2

2023年2月18日英鎊/美元的交易建議與分析:英鎊繼續上漲

週一,英鎊/美元貨幣對繼續其上升趨勢。大部分時間內,價格保持穩定,但到了傍晚,市場出人意料地再次開始買入英鎊。

Paolo Greco 02:48 2025-02-18 UTC+2

2023年2月18日歐元/美元交易建議和分析:平靜的週一

整個週一,EUR/USD 貨幣對在交易中表現出不大的興趣,波動性極小,幾乎沒有價格變動。因此,在本週第一個交易日之後,對先前的文章和分析沒有什麼新內容可補充。

Paolo Greco 02:48 2025-02-18 UTC+2

GBP/USD:2月17日美國時段交易計劃(早盤交易回顧)

在我早晨的預測中,我關注了1.2580這一水平,並計劃基於此作出市場進入決策。讓我們分析一下5分鐘走勢圖,看看發生了什麼情況。

Miroslaw Bawulski 14:00 2025-02-17 UTC+2

EUR/USD:2月17日美國交易時段的交易計劃(早間交易回顧)

在我的早間預測中,我側重於1.0485水平,並計劃以此為基礎來制定市場進入決策。讓我們分析5分鐘圖表,看看發生了什麼。

Miroslaw Bawulski 13:56 2025-02-17 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.