Daily trading forecasts for November 8, 2013
November 8, 2013 6:15 amVideo
Latest News
- Analysis of EUR/USD on May 8th. Euro aims for the 1.5 figure May 8, 2024
- Analysis of GBP/USD on May 8th. The pound hits an important level May 8, 2024
- USD/JPY: Simple Trading tips for novice traders on May 8th (US session) May 8, 2024
- GBP/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- EUR/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA – 2/8 Murray) May 8, 2024
- GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471 May 8, 2024
- EUR/USD: trading plan for the US session on May 8th (analysis of morning deals). No statistics, no movement May 8, 2024
- EUR/USD. May 8th. The market continues to rest against the background of an empty calendar May 8, 2024
- Technical Analysis – USDCAD enjoys renewed strength May 8, 2024
- Technical Analysis – US 500 index advances towards all-time high May 8, 2024
- GBP/USD. May 8th. The pound does not expect a rate cut by the Bank of England May 8, 2024
- Video market update for May 08, 2024 May 8, 2024
- Technical Analysis – EURJPY flirts with 167.00 again May 8, 2024
- Technical Analysis – WTI oil futures restart downtrend May 8, 2024
- Forex forecast 05/08/2024: EUR/USD, Oil, Gold and SP500 from Sebastian Seliga May 8, 2024
- Technical Analysis – GBPUSD pulls back after testing 50-day SMA May 8, 2024
- Market Comment – US dollar recovers, stocks’ rally stalls as market tries to find its footing May 8, 2024
- USD/JPY: trading tips for beginners for European session on May 8 May 8, 2024
- Weekly Technical Outlook: 08/05/2024 – USDJPY, GBPUSD, USDCAD May 8, 2024
EURUSD: The situation in the market is another opportunity to sell, following the recent bearish run. EURUSD dropped towards the support line of 1.3300, bounced upwards from there, and is now trading above the support line of 1.3400. The bearish bias is still extant in the market.
USDCHF: This pair shot upwards to the resistance level of 0.9250, where the price was corrected downwards. At this juncture, it would be seen that the price has started making another weak attempt to go upwards again. Slowly, the price might test the resistance level of 0.9250 again.
GBPUSD: Bulls have been complaining of the cable’s perpetual inability to trend upwards significantly. Yes, this is true, because the distribution territory at 1.6100 has succeeded in rejecting the bulls’ onslaught. This territory, which has been challenged many times, now stands the risk of being breached to the upside. This assumption is true because the bias in the market is bullish (in contrast to EURUSD which should be bullish, but is currently moving south).
USDJPY: The highest probability of the price action in the USDJPY is a southward movement. The price, though seriously turbulent lately, has closed below the EMA 56, while the RSI period 14 is below the level 50.
EURJPY: This currency instrument has dropped by almost 200 pips this week, before retracing upwards a bit. This followed the sideways turbulence – a deadly struggle between the bulls and the bears – as seen in the chart. The price could still drop further.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: