2018-11-27
Overview:
The NZD/USD pair will continue rising from the area of 0.6791 - 0.6744 today. So, the support is found at the level of 0.6791, which represents the 50% Fibonacci retracement level in the H1 time frame. Since the trend is above the 50% Fibonacci level, the market is still in an uptrend. Therefore, the NZD/USD pair is continuing with a bullish trend from the new support of 0.6791. The current price is set at the level of 0.6791 that acts as a daily pivot point seen at 0.6791 also. Equally important, the price is in a bullish channel. According to the previous events, we expect the NZD/USD pair to move between 0.6791 and 0.6840. Therefore, strong support will be formed at the level of 0.6791 providing a clear signal to buy with the targets seen at 0.6840. If the trend breaks the support at 0.6730 (first resistance), the pair will move upwards continuing the development of the bullish trend to the level 0.6881 in order to test the double top. In the same time frame, support is seen at the levels of 0.6791 and 0.6744. The stop loss should always be taken into account for that it will be reasonable to set your stop loss at the level of 0.6744.
EUR/USD analysis for November 27, 2018
2018-11-27
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1304. According to the H1 time – frame, I have found a broken bearish flag in the background, which is a sign of weakness. Most recently, I found the breakout of the short – term head and shoulders (bearish pattern), which is another sign of weakness. My advice is to watch for selling opportunities and go with the direction of the short – term trend. The downward target is set at the price of 1.1215.
GBP/USD analysis for November 27, 2018
2018-11-27
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2754. According to the H1 time – frame, I have found the breakout of the bearish flag and a potential end of the upward correction, which is a sign that sellers are in control. The short – term trend is bearish. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2696 and at the price of 1.2660.
Technical analysis of GBP/USD for November 27, 2018
2018-11-27
Overview:
Pivot: 1.2890.
The GBP/USD pair fell from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H1 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 in coming hours. In the short term, we expect the GBP/USD pair to continue to trade in a bullish trend from the new support level of 1.2725 to form a bullish channel. Also, it should be noted that major resistance is seen at 1.2829, while immediate resistance is found at 1.2829. According to the previous events, the pair is likely to move from 1.2725 towards 1.2829 and 1.2890 as targets. In the H4 time frame: However, if the pair fails to pass through the level of 1.2890, the market will indicate a bearish opportunity below the level of 1.2890. So, the market will decline further to 1.2725 in order to return to the daily support. Moreover, a breakout of that target will move the pair further downwards to 1.2639.
The NZD/USD pair will continue rising from the area of 0.6791 - 0.6744 today. So, the support is found at the level of 0.6791, which represents the 50% Fibonacci retracement level in the H1 time frame. Since the trend is above the 50% Fibonacci level, the market is still in an uptrend. Therefore, the NZD/USD pair is continuing with a bullish trend from the new support of 0.6791. The current price is set at the level of 0.6791 that acts as a daily pivot point seen at 0.6791 also. Equally important, the price is in a bullish channel. According to the previous events, we expect the NZD/USD pair to move between 0.6791 and 0.6840. Therefore, strong support will be formed at the level of 0.6791 providing a clear signal to buy with the targets seen at 0.6840. If the trend breaks the support at 0.6730 (first resistance), the pair will move upwards continuing the development of the bullish trend to the level 0.6881 in order to test the double top. In the same time frame, support is seen at the levels of 0.6791 and 0.6744. The stop loss should always be taken into account for that it will be reasonable to set your stop loss at the level of 0.6744.
EUR/USD analysis for November 27, 2018
2018-11-27
Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1304. According to the H1 time – frame, I have found a broken bearish flag in the background, which is a sign of weakness. Most recently, I found the breakout of the short – term head and shoulders (bearish pattern), which is another sign of weakness. My advice is to watch for selling opportunities and go with the direction of the short – term trend. The downward target is set at the price of 1.1215.
GBP/USD analysis for November 27, 2018
2018-11-27
Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2754. According to the H1 time – frame, I have found the breakout of the bearish flag and a potential end of the upward correction, which is a sign that sellers are in control. The short – term trend is bearish. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2696 and at the price of 1.2660.
Technical analysis of GBP/USD for November 27, 2018
2018-11-27
Overview:
Pivot: 1.2890.
The GBP/USD pair fell from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H1 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 in coming hours. In the short term, we expect the GBP/USD pair to continue to trade in a bullish trend from the new support level of 1.2725 to form a bullish channel. Also, it should be noted that major resistance is seen at 1.2829, while immediate resistance is found at 1.2829. According to the previous events, the pair is likely to move from 1.2725 towards 1.2829 and 1.2890 as targets. In the H4 time frame: However, if the pair fails to pass through the level of 1.2890, the market will indicate a bearish opportunity below the level of 1.2890. So, the market will decline further to 1.2725 in order to return to the daily support. Moreover, a breakout of that target will move the pair further downwards to 1.2639.
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