Trading Plan for EUR/USD and US Dollar Index for November 24, 2017

Technical outlook: The EUR/USD pair has pushed higher towards 1.1874 levels until now. Believe it or not, the pair is very close to fibonacci 0.618 resistance as seen on chart view here. The entire drop between 1.2092 through 1.1550 levels can be still defined as a potential leading diagonal (labelled as 5 waves down), terminating […]

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Technical analysis of USD/JPY for November 24, 2017

USD/JPY is under pressure. The pair is under pressure below the key resistance at 111.65, which should limit the upside potential. The U.S. dollar remained subdued as the Euro maintained its strength in face of upbeat euro zone business data and growth in the German economy. As long as this key level is holding on […]

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Daily analysis of USD/JPY for November 24, 2017

Overview The USD/JPY pair shows slightly positive trading after testing 111.00 level, influenced by stochastic’s positivity. As a result, the pair is losing its bullish momentum clearly and approaching the overbought areas. This supports the chances of a bearsih move with a further correctional bearish bias. Therefore, we still suggest the bearish trend in the […]

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GBP/USD analysis for November 24, 2017

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3331. According to the 15M time – frame, I found that price broke falling wedge, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch […]

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BITCOIN Analysis for November 24, 2017

BITCOIN has been consolidating throughout the week after breaking above $8,000 price area. Price has been extremely volatile as well which is currently taken as the impact of the recent Bitcoin wallet hacks. Though Bitcoin is going through some tough challenges right now but it has proved its strength by overcoming any drawback several times […]

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NZD/USD Intraday technical levels and trading recommendations for November 24, 2017

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. Recent bearish pullback was executed […]

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Intraday technical levels and trading recommendations for EUR/USD for November 24, 2017

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

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Technical analysis of NZD/USD for November 24, 2017

Overview: Currently price is seen at the point of 0.6772 on the H1 and H4 charts. The NZD/USD pair continues rising from the level of 0.6779 in the long term. It should be noted that the support is established at the level of 0.6779 which represents thedoule bottom on the H4 chart. The price is […]

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Technical analysis of USD/CHF for November 24, 2017

Overview: The pivot point of USD/CHF pair is seen at the price pf 0.9831. The USD/CHF pair fell from the level of 0.9870 towards 0.9800. It should be noted that volatility is very high for that the USD/CHF pair is still moving between 0.9831 and 0.9783 in coming hours. Furthermore, the price has been set […]

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Fundamental Analysis of AUD/JPY for November 24, 2017

AUD/JPY has been quite corrective recently residing in the middle of the range from 84.00 to 85.70. AUD has been weaker amid recent economic reports and the infrastructure that pushed AUD down against JPY in comparison. This week, AUD has found minor support from the economic reports like Construction Work which showed an increase to […]

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Bitcoin analysis for 24/11/2017

The governor of the South Korean financial regulator said that there were no plans to oversee BITCOIN transactions. Choe Heung-sik, head of the Financial Leasing Service (FSS), said that since his agency does not consider the cryptocurrency to be a legitimate currency, FSS does not intend to oversee their trading. Choe added that the South […]

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Trading plan for 24/11/2017

The US Dollar is going through a moderate rebound with the help of rising yields on government bonds. But the liquidity conditions remain poor, so volatility is not great at the moment. EUR / USD is close to 1.1850, while the GBP / USD is losing slightly below 1.3290. The stock market in Japan and […]

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Daily analysis of major pairs for November 24, 2017

EUR/USD: The EUR/USD pair has continued going upwards, as price has gained 120 pips since Wednesday. The resistance line at 1.1850 is under siege (having been tested several times) and it would soon be breached to the upside as price goes for another resistance line at 1.1900. USD/CHF: The USD/CHF pair has continued going downwards, […]

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Ichimoku indicator analysis of USDX for November 24, 2017

The Dollar index is very close to our short-term bearish targets of 93.10-92.50. The trend remains bearish in the short-term. The Dollar index is could already have completed or is near completion of the downward move from 95. At least a short-term bounce will follow. Green rectangle – support area (broken) now resistance Red rectangle […]

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Ichimoku indicator analysis of gold for November 24, 2017

GOLD price remains inside the sideways channel just below important resistance levels. I continue to expect Gold to move lower towards $1,250 before resuming the longer-term upward move. Blue lines – trading range The Gold price is above the Ichimoku cloud in the 4 hour chart. This is a bullish sign. Support is at $1,285 […]

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Trading plan 11/24/2017

Trading plan 11/24/2017 Big picture: The market is ready for a new wave of growth against the dollar. Positive news on Germany: Merkel received support from the main opposition party, SPD. After talks with the German president, the SPD leader said he was ready to support the government of Merkel – the only question is […]

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Breaking forecast 11.24.2017

Breaking forecast 11.24.2017 The Euro is ready for a breakthrough upward – buy on breakdown of 1.1865 The focus is again on the political situation surrounding Merkel’s government in Germany. On Thursday, the leader of Germany’s main opposition party, the Social Democrats (SPD) Martin Schulz, said he was ready to support the government of Merkel […]

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Fundamental Analysis for EUR/GBP for November 24, 2017

EUR/GBP is currently residing within a corrective range between 0.8750 to 0.9030 which is expected to show bullish momentum in the coming days. EUR has been quite positive with the economic reports recently but due to German issues, the gains were not quite impulsive against GBP whereas GBP is also being challenged by the Brexit […]

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USD/JPY right on major support, remain bullish

The price has started to bounce off our entry level perfectly. We remain bullish looking to buy above major support at 111.11 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) for a corrective bounce up to at least 112.53 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) sees major support at 34% where […]

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NZD/USD testing selling area, remain bearish

The price continues to test our selling area. We look to remain bearish below major resistance at 0.6885 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish price action) and we expect to see a corrective drop from here to at least 0.6823 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance […]

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Elliott wave analysis of EUR/NZD for November 24, 2017

Wave summary: The ongoing minor correction from 1.7136 is expected to peak between 1.7237 – 1.7265 for continuation of the correction in wave ii towards 1.6619. In the short term a break below minor support at 1.7184 will indicate that EUR/NZD is ready to challenge important support at 1.7100 and a break below here will […]

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Elliott wave analysis of EUR/JPY for November 24 – 2017

Wave summary: EUR/JPY continues to hover just above the short-term important support at 131.14. We need a break below this level to get things going towards the downside and confirm that wave (D) was completed with the test of 134.50 and wave (E) lower towards the ideal downside target near 123.43 is developing. In the […]

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Technical analysis of EUR/USD for Nov 24, 2017

When the European market opens, some Economic Data will be released, such as German Ifo Business Climate. The US will release the Economic Data, too, such as Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY […]

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Technical analysis of USD/JPY for Nov 24, 2017

In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as Flash Services PMI and Flash Manufacturing PMI. So, there is a probability the USD/JPY will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 111.87. Resistance. 2: 111.65. Resistance. […]

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Markets enjoy the weakness of the dollar

Eurozone Strong growth in business activity in the Euro zone confirms the correctness of the policy chosen by the ECB. According to IHS Markit, composite PMI in November was 57.5 points, which significantly exceeded forecasts, with the index at a high of 6.5 years, which makes it possible to expect GDP growth in the 4th […]

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Global macro overview for 23/11/2017

According to the Second GDP Estimate data, in the past quarter, the UK economy grew at an annual rate of 1.5%. Those are the results from more detailed national accounts, which confirm the preliminary estimates provided by the Office for National Statistics. In the presented report, the investment in fixed assets was considerably slower, which […]

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Bitcoin analysis for November 23, 2017

The BITCOIN (BTC) has been trading sideways at the price of $8.125. In order “to prevent the abuse of the system for criminal and unlawful activities and ensuring the stability and integrity of the financial system,” Bank Negara Malaysia Governor Tan Sri Muhammad Ibrahim stated 22 November 2017 that those trading in cryptocurrencies will be […]

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USD/JPY analysis for November 23, 2017

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 111.06. According to the 30M time – frame, I found that price is trading below the pivot level at the price of 111.61. I also found a symmetrical triangle in creation, which is a sign that price is […]

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Bitcoin analysis for 23/11/2017

According to Wall Street Journal, JP Morgan Chase is considering launching its Chicago Mercantile Exchange (CME) futures platform on Bitcoins. This statement was issued last week and raised the BITCOIN price to a record high of over $ 8,300. According to the report: ” J. P. Morgan wonders whether through its futures brokerage unit will […]

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Trading plan for 23/11/2017

After Wednesday’s poorly received FOMC dovish statement, the financial market today fell asleep in the wake of the holiday in Japan and later in the US. USD / JPY closed the session in the US at 111.20 and since then has not deviated. In a similar style, EUR / USD sits at 1.1827. On the […]

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