Youtube forex analysis review

Suggested stop loss is below 50-Moving Average. Be careful when buying and watch for potential selling opportunities. Trading recommendations for today: Sellers are in control today, so watch for selling opportunities. As I expected, the price tested the level of in a high volume. Anyway, using the market profile chart on 30M time frame, I found that buyers lost power near the price of and that buying at this stage looks risky. I found a breakout of the upward trendline and price is trading below 21SMA, which is a sign of weakness.

However, a lack of a significant bearish rejection was manifested during recent consolidations. Bullish persistence above will probably liberate a quick bullish movement towards unless the pair persists below the price level of until the weekly closure.

Bullish recovery youtube expressed around the price level of on October Hence, a double-bottom pattern was expressed on the chart. Bullish fixation above and was needed to allow a further bullish advance towards the projected target of the reversal pattern around However, significant signs of a bearish reversal were expressed around the upper limit of the price range The bearish breakdown of lower limit of the depicted range enhanced the bearish side of the market towards the price level of recent bottom of October which was broken as well.

Bearish persistence below allows a quick decline towards BUY zone where bullish rejection and a valid BUY entry was expected. The shooting-star daily candlestick of yesterday enhances this bearish scenario. The latest median forecast for nonfarm payroll increase review November calls for 177K — slightly higher than a rise of 161K in October.

Clearly enough that the Federal Reserve will proceed with its interest rate hike. Moreover, the US unemployment is expected to remain unchanged at 4. Bulls have managed to break out of the triangle slightly, but the technical resistance at has capped the rally. The market got back to the trading range as it awaits the data release. However, by the end of June a significant bearish break below was expressed as seen on the depicted charts fundamental reasons.

Persistence below the demand level at enhanced the bearish scenario towards the current price levels around nearest bearish projection review. Daily persistence below confirmed the bearish Flag pattern. That is why, a bearish projection target can be located around Recently, a analysis recovery was manifested around Therefore, a bullish pullback is being executed towards The current bullish pullback towards the price zone of should be considered for a valid SELL entry.

The recent bearish engulfing weekly candlestick enhances this bearish scenario. However, next monthly candlesticks September, October, and November reflected a strong bearish rejection around the area of Again in Februarythe depicted price levels around acted as a significant supply zone during the bullish review. Bearish persistence below is needed to enhance this scenario. The current bearish persistence below allowed further decline to occur towards demand level where bullish rejection and a valid BUY entry were expected by the end of last week.

Recent bullish recovery was manifested on Friday. The index unexpectedly fell to in November, while market participants expected the score of points after the previous figure. Nevertheless, the rate of expansion is still "solid" according to IHS Markit. In conclusion, the UK economy was widely expected to experience a strong shock and decline significantly after the Brexit, but analysis quickly recovered to the pre-referendum levels and has been improving so far.

Bulls managed to break above the technical resistance at the level of which turned into support and tested the next technical resistance at Currently, the market is reversing slightly, but the support at the level of has not been violated so far, as traders are expecting more news from US this afternoon. The level of is now acting as an forex resistance, so if the count is correct, the market will move higher towards the golden trend line resistance around the level of A possible wave b is developing, so this structure might get complex and time-consuming.

As the corrective cycle is still unfolding, daytraders should open only sell deals around the level of as there is incomplete wave progression to the downside. The pattern analysis in wave four is a triangle, forex the correction might evolve into more complex structure. No signs of any kind of a trend reversal yet as there is still one more wave forex a higher degree to be completed before the current impulsive wave progression is terminated.

The TP at the level of has been hit and all buy orders should be closed with profit. Currently, the daytraders should refrain from trading and wait for a better trading setup to occur shortly. The Dollar index has support at Price is under pressure as we break below the 4-hour cloud support. This is an important support forex. So a clear analysis below could signal that the top is in for the Dollar index.

Otherwise, if support is held we should expect new highs to be seen near With oscillators overbought and the weekly candle showing reversal signs, Dollar bulls need to be very cautious.

However, the weekly candle could change to bullish after the NFP announcement later today. Volatility is expected to rise today and traders should be patient. Could the NFP numbers announced today be the reason to start the reversal? Maybe, either way Gold bulls need to be patient. Gold price bounced off the lower channel boundary.

Price remains below the Ichimoku cloud. Youtube exit above the channel and the cloud will be the youtube important bullish reversal. As long as the minor resistance at caps the upside, the possibility of one more decline closer to remains before the ending diagonal finally completes and a rally back to the origin of the ending diagonal at starts. We are only looking for a correction in wave iv. As the correction in wave review was a simple zig-zag, wave iv should turn into some kind of flat correction or a triangle consolidation giving us more of a sideways trading area.

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. On Thursday, gains in blue chip stocks brought the Dow Jones Industrial Average to a fresh record high, while sharp losses in technology shares weighed down the Nasdaq.

Semiconductor makers fell sharply review reports that Apple forex be slowing orders for its latest-generation iPhone. Regarding major economic data, the Institute for Supply Management ISM posted its November Manufacturing PMI at vs expected, in October. The Labor Department reported 268,000 initial jobless claims for the week ended November 26, higher than 253,000 expected and 251,000 for the prior week.

The selloff in U. The benchmark 10-year U. To sum up, as long as the key level at is not broken, look for a further downside toward first. Trading Analysis pair is trading below its pivot point.

It is likely to trade in a lower range as long as it forex below the pivot point. Short positions are recommended with the first target at A break analysis this target will move youtube pair further downwards to The pivot point stands at In case the price moves in the opposite direction and bounces back review the support level, it will go above its pivot point.

It is likely to move further to the upside. The relative strength index is bearish below its neutrality level at Additionally, the declining 20-period and 50-period moving averages suggests that the pair still has potential for a further downside.

The pair stands firmly above its key support atand is expected to challenge its next resistance at The relative strength index youtube bullish, without displaying any reversal signals. To conclude, as long as is not broken down, a forex bounce is preferred with and as targets. The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point.

Therefore, long positions are youtube with the first target at and the second one at In the alternative scenario, short positions are analysis with the first target at if the price moves below its pivot point. The relative strength index is bullish above its neutrality review at Even though a continuation of the consolidation cannot be ruled out, its analysis should be limited. Hence, as long as holds as the key support, the pair is expected to rise toward at first.

Disclaimer: Trading Forex youtube exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for review. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated forex foreign exchange trading, and seek youtube from an independent financial advisor if you have any doubts.