Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, November 29th Nervousness around upcoming OPEC meeting is significantly influencing the market. This morning became known that Iran is ready to reach a deal in oil production freeze question...
Trading recommendations Sell in the market. Stop-Loss 17.10. Take-Profit 16.20, 16.05, 15.80, 14.90, 13.65 Buy Stop 17.10. Stop-Loss 16.90. Take-Profit 17.55, 17.70, 18.10, 18.30, 18.95 Technical analysis The XAG/USD has broken the important support level of 17...
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In the Currency Strength table the USD was again the strongest currency while the EUR was again the weakest. The AUD recovered from the strong pullback of the previous week and the GBP remains around the same level as in the previous 2 weeks...
The Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: USD(5X) followed by the NZD(3x) and the AUD(2X). The weaker currencies are the EUR(3X) with the JPY(3X) followed by the CHF(2X...
GOLD: The commodity strengthened on the back of its Friday rejection candle on Monday. This has left it targeting further upside pressure in the days ahead. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level...
Dynamic trend: Turned up Background: W1 – weak; D1 – strong Phase: Markup Support: 111.80; 111.00 Resistance: 113.60...
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Daily economic digest from Forex.ee Stay informed of the key economic events Monday, November 28th The US dollar index is losing some points at the start of this week extending its correction rally...
The main focus of market participants at the beginning of week will be focused on the OPEC meeting on Wednesday 30 November and the publication on Friday of data on the labor market in the US in November...
The weekly price is on bearish breakdown which was started in the beginning of october this year on the secondary ranging way: the price broke Ichimoku cloud to below to be reversed from the ranging bullish to the primary bearish market condition. For now, the price is on testing 1...
The weekly price broke Ichimoku cloud to above for the bullish reversal in the end of October this year, and the price is on testing 1.3551 resistance level to above for the bullish trend to be continuing with 1.3588 level as the nearest bullish weekly target...
EURUSD: The pair continues to retain its broader downside pressure but faces corrective recovery threats in the new week after halting its broader weakness the past week. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level...
The Trump-inspired USD rally is about three weeks old and we have already exceeded the highs from late 2015 and early 2016 on a tradeweighted basis. Naturally, the question now becomes how much further can the USD appreciate and which G10 currencies should be most vulnerable...
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First, a review of last week’s forecast: - As a reminder, last week more than half of oscillators indicated the overselling of the EUR/USD pair, which gave a reason to talk about a temporary pause in the pair’s southward movement. And so it happened...
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