empty
 
 
12.12.2023 10:49 AM
EUR/USD and GBP/USD: Trading plan for beginner traders on December 12, 2023

Details of the Economic Calendar on December 11

Monday, as usual, was accompanied by an empty macroeconomic calendar. Important statistical data were not published in the European Union, the United Kingdom, and the United States.

Analysis of Trading Charts from December 11

The EUR/USD currency pair slowed down its decline around the level of 1.0750. This move led to a reduction in the volume of short positions, ultimately causing a standstill with growth potential.

The GBP/USD pair slowed down the formation of the correction phase around the support level of 1.2500. As a result of the reduction in the volume of short positions, there was a partial recovery of positions in the British pound.

This image is no longer relevant

Economic Calendar on December 12

At the opening of the European trading session, data on the labor market in the United Kingdom were published, indicating that unemployment remained at the level of 4.2%, in line with forecasts. The number of employed in September rose by 50,000

people, while the number of benefit claims rose by 16,000, with a forecast of 15,000.

These labor market data almost coincided with all analysts' forecasts.

The key event on Tuesday is considered to be the inflation data in the United States, the level of which may decrease from 3.2% to 3.1%. These indicators may indicate a final shift in the policy of the Federal Reserve, where the refinancing rate will no longer be raised in the upcoming meetings.

EUR/USD Trading Plan for December 12

In this situation, traders are considering an upward scenario as a recovery in the event of price stabilization above the level of 1.0800. The downward scenario suggests the possibility of prolonging the current market correction phase while keeping the price below the value of 1.0750.

This image is no longer relevant

GBP/USD Trading Plan for December 12

For the next stage of the recovery of the British currency's value, stabilization of the price above the level of 1.2600 during the day is necessary. Otherwise, the recovery phase may be replaced by a sideways range within the boundaries of 1.2500/1.2600.

This image is no longer relevant

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

Gven Podolsky,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2024
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$5000 مزید!
    ہم نومبر قرعہ اندازی کرتے ہیں $5000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback