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Week Ahead December 30th – January 3rd

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Week Ahead December 30th – January 3rd

EURUSD pair closed last week’s trading session unchanged. After a muted weekly trading session due to Christmas holidays the markets were calmly hovering within a tide range without any significant or unexpected price action.

As for this week, traders and investors will mainly focus on the technical levels. As we are entering the second festive week of New year’s holidays with many markets closed the general weekly trading session is expected to be muted again.

On the economic calendar we have on Friday, the ISM manufacturing PMI pointing lower at 48.3

Technically the picture is negative after last week’s close below (23.6%) at 1.0421 In this week’s trading session if pair trades on the upside and breaks out of 1.0500 (23.6%) will change the picture to neutral and could test 1.0575 (38.2%) If trades on the downside will test 1.0358. Our traders are net long with positions between 1.0767 – 1.0348 targeting profits above 1.1000 We are expecting new short positions above 1.0913 and more aggressive long positions on the way down.

 

Eurusd Techicall 3

 

GBPUSD pair closed last week’s trading session unchanged. After a muted weekly trading session due to Christmas holidays the markets were calmly hovering within a tide range without any significant or unexpected price action.

As for this week, traders and investors will mainly focus on the technical levels. As we are entering the second festive week of New year’s holidays with many markets closed the general weekly trading session is expected to be muted again.

On the economic calendar we have on Friday, the ISM manufacturing PMI pointing lower at 48.3

Technically the pair’s overall picture is negative even after last week’s close below 23.6% at 1.2575 As for this week, if pair trades on the upside, will test 1.2693 (38.2%) Alternative, if trades on the downside, will test 1.2490 (0%). Our traders are net long between 1.3038 and 1.2495 targeting profits above 1.3038 We are expecting new short positions above 1.2973 and more aggressive long positions on the way down.

 

Gbpusd Techicall 3

 

Para conocer con más detalle los acontecimientos del calendario económico, visite nuestro calendario económico en directo en: 

https://tentrade.com/economic-calendar/

*The material does not contain an offer of, or solicitation for, a transaction in any financial instruments. TenTrade accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. Sin representación no se ofrece garantía alguna en cuanto a la exactitud o integridad de esta información. Por consiguiente, toda persona que actúe sobre la base de la misma lo hace por su propia cuenta y riesgo. su propio riesgo. Los CFD son productos apalancados. Las operaciones con CFD pueden no ser adecuadas para todo el mundo y pueden dar lugar a la pérdida de todo el capital invertido.