empty
 
 

Forex Analysis & Reviews: Trading plan for beginners on EURUSD and GBPUSD for November 25, 2021
time 25.11.2021 10:43 AM
time Relevance up to, 26.11.2021 09:35 AM

Details of the economic calendar of November 24

The negative indicator for durable goods orders did not hinder the U.S. dollar. The data on orders came out worse than expected, declining by 0.5% in the period of October, which forecasts expected to grow by 0.3%.

At the same time, United States unemployment claims declined significantly in volume.

Details of statistics:

Initial claims for benefits decreased from 270,000 to 199,000.

Continuing claims for benefits decreased from 2.1 million to 2 million.

Finally, the published data on new home sales in the United States saw an increase of 2% in October, which forecasts expected to decline by 0.4%.

As a result, indicators on the labor market and new home sales overcame the negative side of orders for durable goods. The U.S. dollar has moved to strengthen.

Analysis of trading charts from November 24

After a short stagnation in the range of 1.1225 / 1.1275, the EURUSD currency pair broke through its lower border. As a result, the downward trend cycle was prolonged, which strengthened short positions in the market.

The chart of the daily period shows an inertial course, where the euro weakened by 3.5% in two weeks. Such a large-scale price change in a short period of time signals that the asset is oversold, which can lead to a technical correction.

The trading plan of November 24 considered the tactics of breaking one or another boundary of the established range of 1.1225 / 1.1275. As a result, a sell position was opened, which brought profit.

The support level of 1.3350 for the GBPUSD pair was successfully broken by speculators. This step led to the subsequent construction of a downward trend. Unlike the EURUSD pair, the British pound is not so much oversold yet. Looking ahead, everything is just beginning for sellers.

The trading plan of November 24 considered the possibility of entering a sell position at the time of holding the price below the support level of 1.3350.

This image is no longer relevant

Economic calendar for November 25

Today is a non-working day in the United States due to Thanksgiving, and in Europe and Britain, the macroeconomic calendar is completely empty, so the market will stand still or show low activity.

Trading Plan for EURO/DOLLAR on November 25

Taking into account the scale of the decline and the absence of a corrective move, we can assume a temporary slowdown in the downward cycle. This will lead to price stagnation or a 100-point correction.

The price area 1.1160 / 1.1180 serves as a pivot point on the path of sellers.

This image is no longer relevant

Trading Plan for POUND/DOLLAR on November 25

It can be assumed that traders are in the stage of price fiction relative to the level of 1.3350, where the breakout-rollback pattern was formed. Stable price retention below 1.3350 increases sellers' chances of a subsequent decline in the pound sterling.

An alternative scenario will be considered by traders in the event of a correction stage. A buy signal will appear from the market when the price holds above 1.3360 in a four-hour period.

This image is no longer relevant

What is reflected in the trading charts?

A candlestick chart is represented by white and black graphic rectangles with lines at the top and bottom. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time period: open price, close price, maximum and minimum prices.

Horizontal levels are price coordinates, relative to which a stop or price reversal may occur. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price of history has reversed. This highlighting in color indicates horizontal lines that may put pressure on the quote in the future.

The up/down arrows are indications of the possible direction of the price in the future.

ข้อดีจากการอ่านคำแนะนำของนักวิเคราะห์ได้แบบทันที
ฝากเงินเพิ่มเข้าไปในบัญชีการซื้อขาย
เปิดบัญชีการซื้อขาย

บทวิเคราะห์ของทาง InstaForex จะทำให้คุณทราบถึงแนวโน้มของตลาด! ในการที่เป็นลูกค้าของทาง InstaForex นั้นคุณจะได้รับการบริการเพื่อการซื้อขายอย่างเต็มประสิทธิภาพอย่างมากมาย

  • เทรดให้ดีแล้วคว้ารางวัล
    เติมเงินในบัญชีของคุณอย่างน้อย $500 สมัครเข้าร่วมการแข่งขัน และลุ้นรับรางวัลอุปกรณ์ติดต่อสื่อสารแบบพกพา
    เข้าร่วมการแข่งขัน
  • เฟอร์รารีจาก InstaForex
    เติมเงินในบัญชีของคุณอย่างน้อย $1,000
    เข้าร่วมการแข่งขันและรับรางวัลเป็นรถเฟอร์รารี่
    F8 Tributo
    เข้าร่วมการแข่งขัน
  • Chancy Deposit
    ฝากเงินเข้าบัญชีของคุณด้วย $3,000 และรับรางวัล $1,000
    เข้าร่วมการแข่งขัน
  • โบนัส 100%
    โอกาสพิเศษของคุณในการรับโบนัส 100% จากเงินฝากของคุณ
    รับโบนัส
  • โบนัส 55%
    สมัครรับโบนัส 55% สำหรับการฝากทุกครั้ง
    รับโบนัส
  • โบนัส 30%
    รับโบนัส 30% ทุกครั้งที่คุณเติมเงินในบัญชีของคุณ
    รับโบนัส

Recommended Stories

USD/JPY retests neckline

The USD/JPY pair rebounded in the short term but the bias remains bearish. You knew from my previous analysis that the price action developed a Head & Shoulders pattern which

Ralph Shedler 19:17 2022-12-09 UTC+2

GBP/USD Technical Analysis and Trading Tips for December 9, 2022

As of writing, GBPUSD is trading near the level of 1.2240, in the zone of the medium-term bull market, above support levels 1.2110 (200 EMA on the daily chart), 1.1930

Jurij Tolin 15:00 2022-12-09 UTC+2

EUR/USD and GBP/USD trading plan and analysis for beginners on December 9, 2022

Yesterday's employment data from the US showed that weekly jobless claims went up in contrast to a forecast predicting a decline. This is a negative factor for the US labor

Gven Podolsky 08:56 2022-12-09 UTC+2

GBP/USD: trading plan for European session. GBP catching up with EUR

Yesterday, GBP/USD produced a few signals for market entry. Let's analyze the 5-minute chart and speak about the price developments. In the previous review, I turned your attention

Miroslaw Bawulski 08:35 2022-12-09 UTC+2

EUR/USD: trading plan for European session on December 9. Commitment of Traders. EUR aims at December high

Yesterday, there were several entry points. Now, let's take a look at the 5-minute chart and try to figure out what actually happened. In the morning article, I turned your

Miroslaw Bawulski 08:09 2022-12-09 UTC+2

Trading plan for EURUSD on December 09, 2022

EURUSD rallied through the 1.0586 high intraday on Friday, just a few pips shy from its recent swing high at 1.0595. A bearish reversal from here will confirm that

Oscar Ton 07:42 2022-12-09 UTC+2

Forecast and trading signals for EUR/USD on December 9, 2022. COT report. Detailed analysis of price movement and trades. EUR on rise again

The EUR/USD pair closed higher on Thursday. Traders left the Kijun-sen unnoticed although it was a rather strong base line. Volatility was low after ECB President Lagarde's speech. What

Paolo Greco 06:36 2022-12-09 UTC+2

Forecast and trading signals for GBP/USD on December 9, 2022. COT report. Detailed analysis of price movement and trades

On Thursday, GBP/USD traded higher but failed to break through the critical line. Therefore, a downtrend may resume with the target at the Senkou Span B. The pair's volatility

Paolo Greco 06:36 2022-12-09 UTC+2

EUR/USD aims at 1.0594, US PPI decisive

The EUR/USD pair extended its growth as the Dollar Index slipped lower. It's trading at 1.0552 at the time of writing. As you already know, the bias remains bullish

Ralph Shedler 21:05 2022-12-08 UTC+2

GBP/USD trading plan for North American session on December 8, 2022. Overview of morning trades. GBP looking for direction

In my morning review, I mentioned the level of 1.2179 and recommended entering the market from there. Let's see what happened on the 5-minute chart. A decline and a false

Miroslaw Bawulski 14:01 2022-12-08 UTC+2
หากไม่สะดวกคุยในตอนนี้
ระบุคำถามไว้ได้ใน แชท.