Important News Today!
UNITED STATES JOB NEWS: Time to Buy USD?? (FOREX FORECAST)
https://www.youtube.com/watch?v=c6EkHcOetPg
EURUSD hit resistance again at a double top and could not break above. Price did form a higher low on the 1D timeframe which is encouraging to the bullish buyers. A strong level of resistance is keeping the pair from moving higher at the 200 DMA.
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The Edgefinder's Smart Money Tracker is showing that smart money is heavily long on markets like USoil, Platinum, USD, and gold. While they are heavily short on CHF, JPY, and AUD.
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EURUSD is up against resistance on the 1D timeframe where there is a previous top. The 200 DMA might be keeping price from moving any higher. NFP comes out this Wednesday in the US which will probably cause lots of volatility for the next few days
Читать полностью…LIVE Forex Trading: EURUSD, AUDUSD, NZDUSD (Ft. Eivindfx)
https://www.youtube.com/watch?v=wrZaXWfdeI4
Major News Day Today:
PMI Just Changed Everything… (FOREX FORECAST)
https://www.youtube.com/watch?v=9jBqwBGKVz8
Gold came off resistance and is now near a test at support on the 1D timeframe. Price is now showing some rejection of the lows with a hammer pattern. We could see some ranging between the 200 and $1720s
Читать полностью…EURUSD wins! Here's the Edgefinder's current forecast for EURUSD!
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Monetary Policy Statement COMING! Here’s What Forex Traders Need to Know… (FOREX FORECAST)
https://www.youtube.com/watch?v=A_4SSZhj1dw
EUR/USD Analysis
EURUSD is still at a sell rating although its trend and seasonality are pointing towards higher moves. Europe’s fundamentals struggle when stacked against the USD, but short-term trend readings say that there is a chance for some bullishness. Retail is about even while COT showed a decline in USD long contracts while slightly increasing their stakes in EUR. It’s probably too early to tell where institutions want this pair to go. But if the equities market can muster strength in this shortened week, this pair might follow. A big problem is the euro’s interest/inflation rate ratio. The USD’s got a higher ratio due to the ECB getting a late start on the recovery process. Fundamentally, USD is better than EUR, but that may change for the short term and/or as we approach the end of the year which is historically a bullish time for risk-off pairs.
SPX500 is stagnant this morning after a good jobs report. This is telling the Fed to keep hammering down on inflation since unemployment is better than before. Price has big resistance around the 200 DMA which it may not be able to break. But if it does, price could come up to test the $4120s.
Читать полностью…USDJPY rises after the ADP NFP today. Actual fell under expectations by 69K and over 100K from the previous time. Price established a double bottom and may try to recover back to the highs of last week at 142. Additional resistance is around the 50 DMA should price decide to break higher.
Читать полностью…3 Top Smart Money Securities
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https://a1trading.com/3-top-smart-money-securities/
Is CAD about to Rally on GDP News? (FOREX FORECAST)
https://www.youtube.com/watch?v=F9kVcCXO9rM
LIVE Forex Trading: AUDUSD, USDJPY, NZDUSD (November 29th, New York Session)
https://www.youtube.com/watch?v=qwKAtMvhsGw
PREPARE for a Busy News Week Ahead: Here's What Traders Need to Know NOW... (FOREX FORECAST)
https://www.youtube.com/watch?v=g2HrcviVsiA
SPX500 falls toward support after hitting the 200 DMA and retracing. The two levels OGI support that this pair have right below are around $3986 and $3944. This double too could be the start of more downside, unless the pair establishes a higher high
Читать полностью…CAD comes down as risk off pairs look stronger. Canada’s CPI comes out this week which are expected to remain the same as the previous time. Price is on support around the 200 DMA and the 102s. It’s already showing some rejection on the 1D timeframe so the pair might move higher towards resistance in the 105s
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Risk on pairs are back today as price is coming up again to test resistance around the 200 DMA. We might see another test at the moving average as well as another move higher towards the $4140s. The stock market will be closed tomorrow in observance of thanksgiving holiday
Читать полностью…EURUSD rises again today as price comes up to test resistance and the 200 DMA. Although it may establish a lower high, the pair still looks bullish because it did not complete the move downward and instead came up to retest resistance. If we see a break in the 200, it could suggest further moves to the upside
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A new update to the A1 Edgefinder allows users to see a currency heatmap for each currency! Here is a current reading for GBP, EUR, JPY, & CHF pairs!
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Get Ready For The News Week By Checking Out This Video:
Weekly News Preview (Forex Forecast)
https://www.youtube.com/watch?v=v72Z2neo53s