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10 Mar, 2025
5 minutes

Daily Technical Analysis:GBP/USD、Crude Oil

Introduction: Welcome to our daily technical analysis of the financial markets, focusing today on GBP/USD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

 

1. GBP/USD Analysis:
News Summary:
The global economy faces the dual challenges of trade wars and rising inflation, while the British economy is also slowing down. The Bank of England needs to find a balance between supporting economic growth and controlling inflation, while avoiding overly loose monetary policy that triggers long-term inflationary pressure. The trend of the British economy slowing down reduces the possibility of continued inflation. In the medium and long term, the trade outlook and the policy path of the BOE will become key factors affecting the pound.

Trend Analysis:
We can see the momentum of GBP/USD H4 level rise has weakened and is still running above the 48 hours moving average. In addition, the MACD double line and histogram bar are oscillating above the zero axis. The sell limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.2800]
Key Resistance Levels: [1.3000]
Pivot Points [1.2970]
2. Crude Oil Analysis:

News Summary:
The recent sell-off in oil prices may be overdone given current market dynamics. Meanwhile, the spread between one-month and three-month crude futures contracts is widening. Crude oil fell nearly 3% last week on concerns about U.S. tariffs and OPEC+’s decision to start increasing supply in April. OPEC and its allied producers agreed to proceed with plans to resume suspended oil production starting next month.

Trend Analysis:
We can see crude oil fell back after encountering resistance and ran below the 48 hours moving average. On the other hand, the MACD double line and histogram bar converge again below the zero axis. The sell limit could be employed, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [64.00]
Key Resistance Levels: [69.00]
Pivot Points [67.70]

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