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26.11.202108:32 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: EUR/USD hot forecast on November 26, 2021

It is evident that while decent Americans were celebrating Thanksgiving, global financial markets remained steady. Besides, all investment banks and pension funds control most of the capital circulating in these markets. Moreover, by a strange coincidence, their headquarters are in the United States, mostly in New York. Therefore, when there is another day off in the US, the entire financial world from Japan to Alaska has the same.

Moreover, taking into account this aspect, all statistical departments, ministries and central banks try not to publish any relevant data on such dates. No attention will be focused on this information. Therefore, market stagnation, observed since yesterday, is typical. It will last for the whole day as there are reducing working hours in the US today. Lots of stockbrokers, traders and professional investors have no chance to concentrate on work. Probably for this reason, no significant data is released today. To be more exact, nothing is published at all.

The EURUSD currency pair has slowed down the downward cycle within the support area 1.1160/1180, where the rebound of stagnation occurred. Despite the high level of oversold euro, market participants maintain interest in short positions. This is confirmed by the absence of a full-size correction.

On the daily chart, there is an inertial movement, where the euro weakened by 3.5% over two weeks. On a six-month scale, the weakening amounted to 8.7%.

In the four-hour and daily periods, the RSI indicator is moving between the 30 and 50 lines. It indicates a deep interest in selling positions among market participants.

Expectations and Prospects:

Taking into account the scale of the decline and the lack of a corrective move, it is possible to assume a temporary slowdown of the downward cycle. It may cause a technical rebound or a temporary flat.

The complex indicator analysis has a variable signal in a short-term period due to stagnation. Technical tools in the four-hour and daily periods indicate to sell due to the downward cycle.

Exchange Rates 26.11.2021 analysis

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

Dean Leo,
ইন্সটাফরেক্সের বিশ্লেষণ বিশেষজ্ঞ
© 2007-2022
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ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।

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