25 Nov

Daily Forex & Gold Technical Analysis on 25 November 2016

admin Forex Technical outlook 0 Comments

Daily Forex IntraDay Technical Analysis on 25 November 2016

Today’s Technical Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD (Gold)
The euro bordered higher on the rear of the Business Climate report in Germany. Also the dollar retracement among Thanksgiving Day assisted the euro to strengthen. The pair had a positive day on yesterday. The value stands in a descending channel. EURUSD rebounded from its fresh lows and recovered some lost footing versus its US equivalent. Traders forced the euro higher & broke 1.0550 levels before the European session opening. Currently, the rebound we believe corrective. The price stayed under the moving averages in the 1HR chart. The 50, 100 & 200 EMAs extended reduce in the 1HR chart.
The resistance appears at 1.0600 levels, the support seems at 1.0550. MACD stands at the same level which confirms the seller’s strength. Indicator RSI bounced off the oversold region. The pair might long its regain if it breaks 1.0600 levels. After breaking the level the value will jump towards 1.0650 levels. A disaster here will return sellers who will force the value towards 1.0500 levels.
The pound supported among a dollar alteration & a positive forecast UK's Mortgage Approvals for last month. The pound bounced off 1.2400 levels & changed few early losses during the European session on yesterday. The pair smashed upwards the 50EMA & 100 EMAs which presented the pound a quick support. The moving averages are blended in the 4HR chart. The 200-EMA remains neutral although the 100-EMA is moving upwards and the 50-EMA directs downwards.
The resistance lies in 1.2500 levels, the support appears in 1.2400 levels. The technical indicators turned horizontal in position. Indicator MACD was at the centreline. RSI remained within the neutral side. A dollar alteration together with some UK positive data might promote sterling for a short time. An additional recovery towards 1.2500 levels predicted.
The yen weakened across the dollar among positive US data & the recent Fed's minutes which promoted optimism about the possible Fed rate hike next month. The pair long its gains on last day. A fresh buying interest forced values much higher. USDJPY broke the 113.00 levels & restored multi-level month high at 113.47 levels. The price stayed over the moving averages in the 4HR chart. The moving averages handled their bullish slope.
The resistance remains in 113.00 levels, the support stays in at 112.00 levels. MACD histogram grew which hints buyer’s growing strength. Indicator RSI was holding close to the oversold area. Cracks above 113.00 levels will unlock the door for the pair to restore yearly highs. 
The yellow metal prices are below in pressure among a solid dollar. The dollar stays bullish among strong anticipations for a US rate hike this December. The metal prices regained and jumped from February lows on yesterday. The 1180 level shows to be a solid barrier which ignored the price. The pair recovered to 1190 levels in post-European session & attempted with the level the whole day. The moving averages little bit modified since last day. 
The resistance level finds at 1190, the support level comes at 1180 levels. MACD indicator remained at the equal level which confirms the seller’s strength. RSI indicator is close to undervalued zone. The metal prices recovery will stands limited as long as the value holds under the 1200 area. A jump higher might ease the downward pressure now & will unlock the path towards 1210 levels.
Previous Next
Share This Post

Why we choose Forex Market?
Oct 06 , 2015

Forex, Commodity and Binary Trading Signals on 5th May 2016
May 04 , 2016

Forex Trading Terminologies
Oct 21 , 2015


Free Forex Trading Seminar In Salem
Aug 19 , 2018

Forex Weekly Technical Outlook on 7-11 August 2017
Aug 07 , 2017

Forex Weekly Technical Outlook on 24-28 JULY 2017
Jul 24 , 2017

watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000


watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus




Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.