Christmas rally kicks off. Where's vaccine?
Christmas rally kicks off. Where's vaccine?
Markets are still rejoicing Joe Biden's victory in the US presidential election. Besides, investors are in the elevated mood amid the rumors that Janet Yellen could be appointed a new Treasury Secretary.
Forex Analysis & Reviews
USDCAD follows our strategy after the rejection at 1.3150.
In our last USDCAD analysis we noted that the rejection and bearish reversal at the 1.3150-1.3130 area would lead to another pull back towards 1.30-1.29 and lower. Price got rejected at the back test of the broken trend line support and is now making new lower lows.
EURUSD at new weekly highs
EURUSD bulls have managed this week to defend 1.18 and they are back stronger pushing price above 1.19. On a weekly basis EURUSD is at new closing highs as price is about to end the week higher than the previous higher close back in August.
Gold price breaks $1,800
Gold is trading below $1,800 and today it made a new lower low at $1,773. In our latest Gold analysis when price was trading near $1,810-20 resistance area by the bearish channel, we noted the bearish flag pattern and that we expect Gold price to move to new lows towards $1,770-50. The upper side.
Evening review of EUR/USD for November 27, 2020. Euro's last surge
If the euro fails to break the level of 1.1940 and consolidate above it, it is likely to slump on Monday.
November 27, 2020 : EUR/USD daily technical review and trade recommendations.
Another upside movement is being expressed towards 1.1930-1.1960 where price action should be watched for possible bearish rejection.
Moreover, Bearish closure below the mentioned price zone of 1.1840 is needed to turn the intermediate outlook for the pair into bearish and enhance a quick bearish.
GBP/USD Hot Forecast for 27 November
GBP/USD Analysis: Breaks Ascending Triangle Pattern
November 27, 2020 : EUR/USD Intraday technical analysis and trade recommendations.
Bearish closure and persistence below 1.1860 (76.4% Fibonacci Level) and 1.1777 (61.8% Fibonacci Level) is needed to enhance further bearish decline at least towards 1.1630.
Otherwise, the EURUSD pair remains trapped between the previous key levels (1.1770 and 1.1950) until breakout occurs in.
November 27, 2020 : GBP/USD Intraday technical analysis and trade recommendations.
Further bullish advancement was expressed towards 1.3380-1.3400 where the pair looks overbought after failure of the previous price zone to offer sufficient bearish pressure on the pair.
Upon the recent bullish pullback, price action should be watched around the price levels of (1.3380-1.3400) for.
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EUR/USD: EUR edges higher on vaccine hopes
The US currency has been losing ground for the fourth trading session in a row against its major competitors and it is likely to end the month with heavy losses
BTC analysis for November 27,.2020 - Potential for the downside continuation towards the $15.100
Watch for selling opportunities...
EUR/USD analysis for November 27 2020 - Breakout of the rising channel and potential for the downside rotation towards 1.1885
Watch for selling opportunities...
Silver Extends Correction!
Silver has escaped from a continuation pattern, so a deeper drop is favored!
Stock markets in Asia froze in anticipation of news on coronavirus vaccine, while European indexes are mostly growing
There are no significant changes in the stock markets of the Asia-Pacific region on the last business day of the week. The major stock indexes have almost stopped moving. Investors stopped working actively in anticipation of a new batch of news regarding the release of a vaccine against coronavirus.
Dollar's continued fall strengthens EUR/USD
During the previous recession, the dollar smile theory was formulated, suggesting an increase in the USD index against the background of an increase in demand for safe-haven assets at the beginning of the recession, its subsequent fall due to the aggressive monetary expansion of the Fed and,.
GOLD Setting Up A Sell-Off
Gold moves sideways ahead of another bearish momentum. A drop under the $1,800 suggests a sell-off towards the ...
EUR/USD. Hungarian-Polish alliance gains strength, but pair grows thanks to weak dollar
The euro-dollar pair continues to show bullish sentiment, despite the unabated political crisis in Europe. The confrontation between Brussels and the so-called "Hungarian-Polish alliance" continues to be on the agenda, exerting background pressure on the euro.
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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
