Market Analytics and Considerations
Key Notes
Weekly Prediction (December 14 – 16, 2022)
Positive scenario
While the market is trading above the range of support and resistance levels 1,2350 and 1,2306, the uptrend may be anticipated to continue until resistance level 1,2667 is reached.
Downward tendency
As soon as the market breaks below support level 1,2350, a downtrend will begin, and it will continue until it reaches support levels 1,2111 and 1,1778.
Monthly Prognosis, December 2022
Positive scenario
While the market is trading above support level 1.1661, the rise may be anticipated to continue. This will be accompanied by attaining levels of resistance 1.2667 – 1,2994.
While the market is trading above support level 1.1661, the rise may be anticipated to continue. This will be accompanied by attaining levels of resistance 1.2667 – 1,2994.
Downward tendency
As soon as the market breaks under support level 1.1661, a downturn will begin, and it will persist until support level 1.0520 is reached.
Weekly SMA
|
Name |
MA5 |
MA10 |
MA20 |
MA50 |
MA100 |
MA200 |
|
GBP/USD |
1.2185 |
1.1822 |
1.1680 |
1.2365 |
1.3061 |
1.2938 |
Monthly SMA
|
Name |
MA5 |
MA10 |
MA20 |
MA50 |
MA100 |
MA200 |
|
1.1745 |
1.2137 |
1.2896 |
1.2944 |
1.3453 |
1.5197 |
