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25.11.201705:21 Forex Analysis & Reviews: Trading plan for the US session on November 24 is EUR/USD and GBP/USD

Long-term review
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

EUR/USD

To open long positions for EURUSD, it is required:

Buyers made it to the intended goal during the morning, but whether they manage to climb above 1.1876 remains uncertain. Most likely, since several markets are closed due to the Black Friday and Thanksgiving Day in the US, volatility and trading volume will be low. Thus, expect the euro to rebound better after returning to a support of 1.1840.

To open short positions for EURUSD, it is required:

The false breakdown and a return below 1.1876 could lead to a larger downward correction towards the area of 1.1840. Considering the holiday, it is unlikely to expect a larger decline in the euro towards 1.1810 for Friday.

Exchange Rates 25.11.2017 analysis

GBP/USD

To open long positions for GBP/USD, it is required:

Bulls played the morning support level, and while the pair is trading above 1.3308, a larger uptrend in the area of 1.3347 can be expected, where it is advised to lock in profits. In the event of a re-decline of the pound towards 1.3308, it is best to consider buying in the area of 1.3280.

To open short positions for GBP/USD, it is required:

Selling the pound would be best considered after updating the monthly high at 1.3347 with the main goal of a decline towards 1.3308. A re-test of 1.3308 could lead to a larger selling of the GBPUSD pair with an exit at 1.3280, where it is advised to lock in the profit.

Exchange Rates 25.11.2017 analysis

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
Miroslaw Bawulski
Analytical expert of InstaForex
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