empty
21.12.2022 11:27 AM
EUR/USD, GBP/USD: trading plan for beginners on December 21, 2022

Macroeconomic calendar on December 20

Tuesday's macroeconomic calendar was not much different from Monday's one. It was bereft of any important releases from Europe and the UK. Meanwhile, the United States published data on the housing market, which reflected big problems in this sector of the economy.

US building permits fell by 11.2% in November, notching the biggest decline since the beginning of the year. At the same time, housing starts decreased by 0.5% in November.

As a result, the US dollar slowed down its upward cycle.

Overview of trading charts on December 20

The EUR/USD pair has been moving within the sideways range of 1.0580/1.0660 for the third consecutive day, which indicates an accumulation process. Most likely, the current stagnation will trigger fresh momentum in the market.

Meanwhile, the GBP/USD pair is also trading sideways around the level of 1.2150. Notably, there are many Doji candles on the four-hour chart, which indicates clear uncertainty over its further movement among market participants. At the same time, this movement can be classified as an accumulation process, which may force the price to gain strong momentum and get out of the range.

This image is no longer relevant

Macroeconomic calendar on December 21

For the third day in a row, the macroeconomic calendar has been almost bereft of any important releases.

The only thing traders may take notice of is US existing home sales, which are forecast to have declined in November.

Time targeting

US Existing Home Sales (Nov)

EUR/USD trading plan for December 21

Based on the successive cycles in the given range, it can be assumed that the price may gain momentum and get out of the range. The best tactic is to trade with a view to breaking through one or another range boundary, waiting for confirmation on the four-hour chart.

Conclusion:

A bullish scenario will be considered by traders if the price consolidates above 1.0670 on the four-hour chart. In this case, the volume of long positions will increase, and the price may rise above the local high of the upward cycle.

A bearish scenario will be relevant if the price fixes below 1.0570 on the four-hour chart. In this case, the price is expected to return to the area of 1.0500.

This image is no longer relevant

GBP/USD trading plan for December 21

The sideways range is limited by the levels of 1.2100 and 1.2230. To get out of the range, the quote needs to break through one or another range boundary on the four-hour chart. In this case, there will be an increase in the volume of trading positions in the direction of a breakout.

Conclusion:

A bullish scenario will be considered by traders if the price consolidates above 1.2230 on the four-hour chart. This move will lead to an increase in the volume of long positions, and the pair will head towards 1.2300-1.2350.

A bearish scenario will be relevant if the price fixes below 1.2100 on the four-hour chart. In this case, the price is expected to return to the psychological level of 1.2000.

This image is no longer relevant

What's on trading charts

The candlestick chart shows graphical white and black rectangles with lines from above and below. While conducting a detailed analysis of each individual candlestick, one can notice its features intrinsic to a particular time frame: the opening price, the closing price, as well as the highest and lowest prices.

Horizontal levels are price levels, at which the price may stop or reverse. They are called support and resistance levels.

Circles and rectangles are highlighted examples where the price reversed in the course of its history. This color highlighting indicates horizontal lines, which can exert pressure on the quote in the future.

Up/down arrows signal a possible future price direction.

Traders are recommended to read the following article:

EUR/USD and GBP/USD: trading plan for beginners on December 20

Gven Podolsky,
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

GBP/USD:4月4日美國交易時段計劃(早間交易回顧)

在我上午的預測中,我強調了1.2976這一水平,並計劃圍繞該水平進行市場進入決策。我們來看看5分鐘圖,看看發生了什麼。

Miroslaw Bawulski 19:55 2025-04-04 UTC+2

歐元/美元:4月4日美國交易時段的交易計劃(早盤交易回顧)

在我早上的預測中,我強調了1.0994這一水平,並計劃以此作為我的市場進入決策的基礎。我們來看看5分鐘圖表,解析那裡發生了什麼。

Miroslaw Bawulski 19:52 2025-04-04 UTC+2

如何在4月4日交易英鎊/美元貨幣對?初學者簡單交易技巧及分析

週四,英鎊兌美元也出現了強勁的上升趨勢。在與歐元相關的文章中討論的一切同樣適用於英鎊。

Paolo Greco 07:29 2025-04-04 UTC+2

如何在4月4日交易EUR/USD貨幣對?給初學者的簡單提示與交易分析

週四,歐元/美元貨幣對出現強力上漲。造成這一情況的唯一原因是:Donald Trump。

Paolo Greco 07:29 2025-04-04 UTC+2

英鎊/美元 交易建議與分析:鮑威爾能否扭轉局勢?

英鎊/美元貨幣對在週四也顯示出強勁的上漲趨勢。這自然是由單一因素驅動的。

Paolo Greco 06:06 2025-04-04 UTC+2

2023年4月4日歐元/美元交易建議及分析:市場再現恐慌

週四,EUR/USD 貨幣對顯示出強勁的上升趨勢。坦白說,過去兩個月我們一直在重複這件事:只要該貨幣對出現顯著增長,那就只是由於唐納·川普在美國推出新的進口關稅而已。

Paolo Greco 06:06 2025-04-04 UTC+2

GBP/USD:4月3日美國交易時段計劃(上午交易回顧)

在我上午的預測中,我強調了1.3098這一水平,並計劃以此為基礎來決定入場。讓我們來看看5分鐘圖表上發生了什麼。

Miroslaw Bawulski 18:28 2025-04-03 UTC+2

EUR/USD:4月3日美國交易時段計劃(上午交易回顧)

在我早上的預測中,我特別關注1.0952這個水平,並計劃從這裡做出進場決策。讓我們看看5分鐘圖表並分析發生了什麼。

Miroslaw Bawulski 18:25 2025-04-03 UTC+2

如何在4月3日交易英鎊/美元貨幣對?初學者的簡單技巧和交易分析

週三,英鎊/美元貨幣對飆升了160個點,相較於之前,這次的上升勢頭依然強勁。我們重申:我們未曾預料到唐納德·特朗普會對全球所有國家徵收關稅,特別是對於某些國家的稅率在20%到100%之間。

Paolo Greco 07:26 2025-04-03 UTC+2

如何在4月3日交易歐元/美元對?新手簡單提示和交易分析

週三,歐元兌美元貨幣對的交易獲利,但這與宏觀經濟背景無關。在美國交易時段,美元開始再次走弱,市場似乎開始感受到從特朗普傳來的極其負面的消息。

Paolo Greco 07:26 2025-04-03 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.