What November can bring us?

 

Summer is far behind us. We are heading towards Christmas and New Year. Let's see which pairs can surprize us in November.

eurusd

EUR/USD is close to 1.48 level. One day it is above that level and the other below. If market moves up from our yellow area it does not have to mean big move. Euro should not move high much, staying below 1.50. It is interesting to notice that RSI indicator is moving inside downward channel. If market breaks down we should see test of 1.45 level.

gbpusd

It looks much better for GBP/USD market. There is also consolidation on this chart. However, chances of moving higher are much bigger here. RSI indicator is in positive shape. If market breaks higher we could see test of 1.70 level. If it breaks down from yellow area we should witness test of 1.60.

audcad

Similar situation is on chart of GBP/JPY. If market breaks higher from yellow area we could see test of 160. If pound goes below that area it can fall down to 142 level..

Did you know?

Analysis presented here are very popular among our subscribers. By joining us you will be able to get them first before they are published on this wesbite.

 


Free Dreamweaver CS4 templates for Adobe Dreamweaver