Technical Analysis of EUR/ USD CAD

EUR/USD Turns Bearish Seems on Weekly Indicators

The EUR/USD pair could extend and decline at the level 1.77% to the crucial weekly chart to the indicators to the reporting bearish conditions.

The MACD gauges trend seems the strength and trend changes that crossed to the below zero levels that indicating the Bullish to Bearish trend change. It will turn negative for the first time.

Move Further from the 5 and 10-week simple moving average have produced the bearish crossover. The pair will likely to test to the resistance turned the support of the level at 1.1495. The EUR/USD is currently traded at level 1.1632 that declined to 1.1872 to 1.1612 to the last week.

The pair was traded close above the level high at the level 1.1872 invalidate the bearish bias.

USD/CAD Price on Double Tops Above the Level 1.3400

The USD/USD seems traded at the level bids 1.3400 up to 0.07% during the Monday Trading Session. The loonie pair as of late took a U-abandon 21 and 50-HMA conversion, which thus takes information from MACD to claim the earlier week's highs set apart on Thursday and Friday.

Thinking about the quality of the bullish force, not to overlook solid drawback underpins, the statement is probably going to break 1.3418/20 opposition and focus on July 30 top close to the level 1.3460.

Notwithstanding, USD/CAD upside past-1.3460 will be addressed by the June 23 low at the level of 1.3485 and the 1.3500 limits.

Unexpectedly, a drawback break of the previously mentioned HMAs close to the level  1.3380/85 will take a lay on the upward inclining pattern line from September 22, at 1.3350 at this point.

For a place where USD/CAD costs slip below at the level 1.3350, another helpline from September 18, at present around 1.3310, will be the key.

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Technical Analysis of EUR/USD

EUR/USD Price Flashing the Red Chart Breakout

The EUR/USD price is trading shows the bullish on the daily chart pattern according to the press time. EUR/USD price will jump at the level 0.61% that formed the bullish maruboze candle that conforming the break on the bearish channel to the trend line connecting to the highs on Sep 21 and lows on Sep 25.

The pair is at present drifting close to the level 1.1815, expressing to a 0.15% loss on the day. The resurgence of COVID over the Eurozone is by all accounts weighing over the mutual price.

All things considered, the movement will stay bullish while the pair is held over Friday's low to level 1.1752. The pair were previously closed at the level 1.1824.

Support Level:   S1 1.1815, S2 1.1812, S3 1.1815   
Resistance Level: R1 1.1822, R2 1.1826, R3 1.1829

AUD/USD Price Rejected the Bearish Trendline at 6-Week Chart

The AUD/USD pair will be currently traded at the level 0.7216 that facing the rejection at the level 0.7234. 

Some of the Indicators like the MACD histogram and the 14-day relative quality file are revealing bullish conditions. As it were, they have adjusted for a potential gain break of the bearish trendline.

Whenever followed by a move below Friday's low of 0.7162, the most recent release at the trendline obstacle would confirm a finish of the motion from the Sept. 25 low of 0.7006 and inversion lower.

The pair were previously closed at the level 0.7239.

Support Level:   S1 0.7225, S2 0.7221, S30.7218
Resistance Level: R1 0.7233, R2 0.7237 , R3 0.7240

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Technical Analysis of EUR/USD

EUR/USD Price Puts the Gains at Level 61.8% Fib Again

The EUR/USD pairs seem on bulls that having a tough time that breaching a key Fibonacci to the hurdle for the fourth straight trading day.

The pair is currently trading at the largely unchanged on the day near at the level 1.1850 that have faced the rejection at the level 1.1859. The level will mark the level 61.8% Fibonacci hurdle this Wednesday.

The Fibonacci retracement level marks at the level of 61.8% to sell-off at the level of 1.2011 to 1.1612. If we have a look at the daily chart of the relative strength index the MACD histogram is biased bullish low at the level 1.1612. The Pair was previously closed at level 1.1859.

Support Level: 1.1831, 1.1829, 1.1825
Resistance Level: 1.1838, 1.1841, 1.1844

USD/CAD Price Shows the Better Bid at the Falling Trendline

The Canadian dollar is losing ground close by the losses in oil and pushing USD/CAD higher.

The currency pair is at present trading close to the level  1.3155, which is the opposite of the trendline associating Sept. 30 and Oct.15 highs. Be that as it may, a move over the askew obstruction line may not be sufficient to tempt more grounded chart driven buying. That is on the grounds that few key opposition levels are lined over the trendline obstacle.

For example, the 50-day moving normal (MA) is situated at the level 1.3195, and a lower high is seen at 1.3260 (Oct. 15 high). Every day close over the lower high is expected to confirm a bullish inversion. Then again, the Oct.21 low of 1.3081 is the level to beat for the sellers. The Pair was previously closed at level 1.3121.

Support Level: 1.3149,1.3144, 1.3140
Resistance Level: 1.3158,1.3162, 1.3167

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Technical Analysis of AUD USD or GBP USD

AUD/USD Price Falls Back to Level at 0.70 to Biased Bearish

The AUD/USD seems to the sessions low to the early trading session hours that faced the rejection to the level by 0.7025 to the release china Manufacturing PMI.

The AUD/USD pair daily chart indicators suggested the risk to the downside. If you identify the trend changes and trend strength that producing the deeper to bar below the zero lines. Its daily chart shows the lower highs and the lower setup that seems on the daily chart that indicates the bearish control to the deeper support levels 0.6921 and the 0.68 to the 200 day Simple Moving Average. The AUD/USD pair was previously close at the level of 0.726.

Support Level: S1 0.6992 S2 0.6984  S3 0.6972
Resistance Level: R1 0.7013 R2 0.7024  R3 0.7033

GBP/USD Pair Shows on Downside to Risks Skewed

The daily chart of the GBP/USD pair will be crossed below zero and indicating a bullish trend to change. The 5 and the 10-day simple moving average is trending to the bearish setup.

The GBP/USD pair relative strength index seems below the level by 50 to the negative reading. 

The GBP/USD risks are falling to the 100-day to the simple moving average that located to the level by 1.2876. According to the press time the pair is trading at the level 1.2930 that representing the gain to the day with the trendline that rising to the lows last week. The pair were previously closed at level 1.2941.

Support Level: S1 1.2894  S2 1.2882  S3 1.2866
Resistance Level: R1 1.2921  R2 1.2938 R3 1.2949

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Technical Analysis on GBP/USD and AUD/USD

GBP/USD Pair Seems To the Resistance Below 1.3200 With Two Week Old Flirts

The GBP/USD pair will stay positive at the level by 1.3175 up by 0.15% intraday high during this Monday. The Early Asian session will be extended at the level by 1.3182 with the price-positive RSI Conditions.

During the Quotes, the pair further go up with the past 1.3200 in the high near level high by 1.3050 that restricts the pair with the pullbacks that move before the GBP/USD seller towards the 200-bar SMA Level of 1.2962.

During the statement's further potential gain past-1.3200, the August 19 high close to 1.3270 can offer a middle-end toward the north-run towards September's tower encompassing 1.3485.

AUD/USD Pair Aussie the 7 weeks High

AUD/USD broke higher from an hourly chart setting plan early Monday and timed a high of the level 0.7298 a couple of moments before press time. That level was most recently seen on Sept. 21.

The hourly chart breakout demonstrates a resumption of the convention from the Nov. 2 low of 0.6991 and has made the ways for the Sept. 16 high at the level 0.7345.

The over 50 day by day graph relative quality record and the positive MACD histogram likewise favor proceeded with gains in the Aussie dollar.

Acknowledgment below the hourly chart backing of 0.7239 would prematurely end the prompt bullish viewpoint.

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Technical Analysis on XAU/USD or XAG/USD

XAU/USD is Testing the Critical Support at the $1860

The Technical Confluences Indicator shows that the XAU/USD pair is shielding the solid at the level $1877 uphold, which is the assembly of the earlier day low, Fibonacci 23.6% one-week and one-month.

Acknowledgment below the latter is probably going to trigger a sharp drop towards a minor cap adjusted at $1868, the turning point one-day S2.

The following basic help of the earlier month low of the level $1860 will be on the trader’s radars. On the other side, gold is probably going to confront a group of obstruction levels in the event that it recovers some ground towards the applicable potential gain obstacle at $1888, which is the convergence of the SMA50 one-hour and Fibonacci 38.2% one-month.

Further north, the rotate point one-day R1 at the level  $1891 will challenge the upward journey.

Nonetheless, $1894 will be a difficult one to figure out for the bulls, as it is the conjunction of the earlier day high, SMA100 four-hour and Fibonacci 38.2% one-week.

XAG/USD Seems Seller Below at the level $24.40

Silver wobbles around to the level of $24.50 in the midst of Wednesday's Asian meeting. In doing such, the white metal keeps the most recent trading range somewhere in the range of $24.45 and $24.52. The bullion prior ricocheted off an intersection of 21-day and 100-day SMA combined with an upward slanting pattern line from October 29.

Thus, intraday buyers may focus on the $25.00 limit in front of testing the expressed opposition line close to $25.65. Likewise prone to challenge the silver bulls is the month to month pinnacle of $26.00.

Unexpectedly, a drawback break of $24.40 can rapidly drag the statement towards November 09 low close of $23.55 prior to coordinating silver traders toward the month to month low around $23.20 and the $23.00 round-figure.

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Technical Analysis on EUR USD or AUD USD

EUR/USD Pair Shows the Bids to Triangle Around 1.1800

The EUR/USD pair rose to the level by 1.1860 on this Monday Session due to this major currency pairs trades inside the symmetrical triangle to the upside momentum to the 200 SMA.

The RSI conditions do not seem as overbought and oversold to the continuation of the recovery of the moves that can be expected.

EUR/USD buyers right now eye the support line of the expressed triangle, at 1.1881 now, while focusing to invigorate the month to month top containing 1.1920.

In the pattern, the example's support line at the level by 1.1835 now, goes before a 200-bar SMA level of 1.1789 to test the momentary drawback. Additionally going about as support is the November 04 high of the level by 1.1770.

AUD/USD Pair Trapped to the Ascending Triangle

AUD/USD is currently trading at the level above 0.7310, speaking to a 0.16% addition on the day.

While the pair is blazing green, it is yet to leave a fourteen-day climbing triangle, as observed on the 4-hour outline. All things considered, the quick inclination stays equal.

A break over the upper finish of the triangle, as of now at the level 0.7340, would infer a continuation of the convention from the Nov. 2 low of 0.6991 and open the entryways for 0.7413 (Sept. 1 high).

Then again, a triangle breakdown would infer a transient bearish inversion and move risk for a drop to 0.6991.

A bullish breakout takes a look at press time, as the value markets are cheering possibilities of an early rollout of Covid antibodies in the US.

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Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Seems Bulls And Keep Gain At Level 1.1920

The EUR/USD is currently traded at the level near 1.1928  to the highest level. The pair will need to establish the horizontal resistance at the level by 1.1920.

The Bullish will see on the viewpoint to the descending triangle breakdown that confirmed the earlier month also open the doors to re-test of the 1.2011. An inability to hold above 1.1920 could yield a pullback to the climbing 10-day Simple Moving Average, at present at 1.1870. The pair timed a high of 1.1928 on Wednesday yet shut under 1.1920.

GBP/USD Pair Goes Weekly Highs Under Level by 1.3400

On Wednesday, GBP/USD fell as low as 1.3310 during the European morning meeting, yet through the European evening and US morning ground back towards highs set on Monday of just below at the level 1.3400. As exchange settles down for what is probably going to be a tranquil Thursday Asia meeting in front of slender US Thanksgiving occasion trade for the remainder of the week, the pair has moved back to around 1.3380.

On the off chance that Cable can break it above 1.3400, there isn't much by the method of critical zones of opposition in front of year-to-date highs at 1.3485, level bulls are probably going to weapon for in the event of a definitive potential gain break (maybe prodded by the information on a Brexit bargain being reached).

In the bearish situation, the main territory of help is probably going to come around 1.3350 as an upturn connecting last Thursday's, Monday's, and Tuesday's lows. Past that, Wednesday's low at 1.3304, Tuesday's low at the level 1.3293, and Monday's low at 1.3262 are the following help zones to keep an eye out for.

Fundamental Analysis Of the Week

Watch This Major Financial Market Events to Start Your Week

COVID-19 Vaccine Timing

To start the fresh week watch out the News this month of three promising coronavirus vaccine candidates has helped propel the Dow Jones Industrial Average over 30,000 and investors will be closely following plans for the initial rollout to the Market Movements.

U.S. health officials are to hold an emergency meeting on Tuesday to recommend that the Food and Drug Administration allow healthcare professionals and people in long-term care facilities to be the first two groups to get a coronavirus vaccine developed by Pfizer and a German partner BioNTech, which is awaiting approval.

The decision of the meeting indicates that the FDA may be close to authorizing the distribution of the vaccine, at least for the most at-risk groups.

The United States recorded its 12 millionth COVID-19 case on Nov. 21, and health experts have warned that travel for the Thanksgiving holiday will likely push case counts sharply higher.

Nonfarm payrolls

Concerns that the steeply increasing numbers of new virus cases and more widespread containment measures have been undermining the recovery in the labor market mean that Friday’s November nonfarm payroll figures will be closely watched.

The report is expected to show a seventh straight month of job gains, but the consensus forecast that only 500,000 jobs were added. The unemployment rate is expected to tick down to 6.8% from 6.9%, still well above the 4.5% rate in March, before much of the U.S. economy went into lockdown.

The economy added 638,000 new jobs in October, which was the smallest gain since the jobs recovery started in May.

The calendar also features the ISM manufacturing PMI on Tuesday and the ISM non-manufacturing PMI along with the weekly report on initial jobless claims on Thursday.

Jerome Powell and Mnuchin Faceoff

Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are to testify before the Senate Banking Committee on Tuesday and again a day later before the House Financial Services Committee.

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Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Is Corrective Pullback to Overbought RSI Warrant

The EUR/USD pair will extend the bullish momentum to the third session that following the big breakout above at the level by the 1.2000 to the Witnessed to the last Tuesday.

The Spot that confirmed the five-month-long rectangle to the formation on the daily chart that opening the doors that measured the target near at the level by the 1.2400 level.

The pair trades shows above the major daily moving average that suggesting the least resistance to the upside. It is the relevant upside to the target at the level of 1.2150.

To the drawback, a quick pad anticipates at the round number of 1.2100, below which Wednesday's low of 1.2040 could become possibly the most important factor.

Further south, the example obstruction currently upholds at the level 1.2000 could help slow down the amendment in the primary currency pair.

GBP/USD Pair Sidelined Near At the Level 1.3370 Bulls To See Progress

GBP/USD is trading generally unaltered on the day close to the level 1.3370 during Thursday's Asian trading hours, with indications of buyers depletion on specialized charts.

The long upper wicks joined to the past two 4-hour candles show bull disappointment or weariness in the level at 1.3370-neighborhood. At the end of the day, the bob from the Dec. 2 low of level 1.3288 is running out of steam.

Accordingly, the bulls need snappy GBP/USD is trading generally unaltered on the day close to 1.3370 during Thursday's Asian trading hours, with indications of purchaser weariness on technical patterns.

The long upper wicks joined to the past two 4-hour candles show bull disappointment or weariness in the 1.3370-neighborhood. At the end of the day, the skip from the Dec. 2 low of 1.3288 is running out of steam.

All things considered, the bulls need brisk advancement above 1.34; else, the pair hazards tumbling to its 50-day Simple Moving Average (SMA) uphold at 1.3353. An infringement there would uncover the 100-day SMA situated at 1.3288. ogress above 1.34; else, the pair hazards tumbling to its 50-day Simple Moving Average (SMA) uphold at 1.3353. An infringement there would uncover the 100-day SMA situated at 1.3288

Technical Analysis on EUR USD & USD CAD

EUR/USD Pair Looks to South After Failed the Breakouts on 4H

The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.

The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.

The pair had broken the higher falling to the channel that represented the trendlines to the lower last week to signal the resumptions of the rally at the low of the 1.18 and the opening doors to the 1.22.

The Breakouts seems the short lives to the fell back to the below to the level by 1.21 on this Friday that failed the breakout to the widely bearish signal. The Uptrend exhaustion is signaled to the long upper wicks that attached to the several candles that suggest the potential for the drop to the former hurdle-turned the support to the level by 1.2014.

USD/CAD Pair Teases to Bear Below at the level By 100 HMA

The USD/CAD is dropped down at the level by 1.2758 to the 0.08% intraday during this Monday in the Asian Session. The Pair was bounced off the level by 1.2745 that pull back to the level by 1.2763.

For a situation where the USD/CAD traders keep the reins past-1.2700, the mid-2018 lows close to the level by 1.2630 will be at the center of attention.

In the interim, 100-HMA and highs set apart since last Monday, separately close to the level by 1.2785 and 1.2835, can monitor the pair's momentary potential gain.

In the event that all the USD/CAD buyers return after 1.2835, the 1.2900 limit and the month to month top close to the level  1.3010 will be on their radars.

Technical Analysis on EUR USD or GBP USD

EUR/USD Pair Prints Higher to Close Since April 2018

The EUR/USD is closed this Wednesday seems at the level of 1.2196. It goes to the daily highest close to the 32 months that fall near at the level by 1.2170 to the long upper wicks that attached to the daily candles that created the opened doors to the continuation rally to the level by 1.16.

A bull banner breakout on the 4-hour outline shows the easiest course of action to the higher side. Up until this point, a persuading break above 1.22 has stayed slippery. The cash pair is as of now exchanging close to 1.2194, having dismissed at the level by 1.2113 during the overnight trade.

Obstruction is seen at 1.2414 (April 2018 high), trailed by 1.2558 (February 2018 high). The backing is situated at 1.2125 (Wednesday's low), under which, the center would move to 1.2011 (Sept. 1 high).

GBP/USD Price Goes Bulls to Three-Month On Rising Channel

GBP/USD buyers assault an intraday high at the level by 1.3512, up 0.18% on a day, during Thursday's Asian meeting. The link rose to the new multi-month high the earlier day while remaining inside a climbing pattern channel development sets up since mid-September.

However, a rising pattern line connecting highs set apart from September 01, at 1.3546 now, challenges the pair's further potential gain.

Subsequently, the GBP/USD costs may observe a pullback except if effectively crossing the prompt opposition line and the upper line of the expressed channel, separately around 1.3545 and 1.3555.

For a situation where the bulls figure out how to cross the 1.3555 blemish on a day by day shutting, an upward slanting pattern line from March 2020, close to 1.3660, will be at the center of attention.

On the other side, 1.3515 and December 11 top close to 1.3325 can offer prompt backings during GBP/USD pullback.

It should, in any case, be noticed that the bears are more averse to quit fooling around except if seeing a disadvantage break of channel uphold, at 1.3158 at this point.

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