empty
 
 
26.11.2021 08:32 AM
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.

This image is no longer relevant

Dean Leo,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $8000 अधिक!
    में मार्च हम आकर्षित करते हैं $8000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback