Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on November 18
Information is not investment advice
- The EURUSD is likely to continue the upward trend taken on Thursday last week, with regular bearish downslopes on the way. On the H1 chart of EURUSD, a local drop is currently taking place. The RSI has recently crossed the 70% upside-down. Therefore, the bears will be guiding the price for some time. The support levels they will be looking at may be located at 1.1044, 1.1016 and 1.0998. While the general uptrend may have 1.1063 and 1.1076 as resistance levels.
- The GBP is also showing a gradual rise against the USD. On the H4 chart of GBPUSD, the uptrend has started last Thursday and is currently on the way. A 3-weeks high of 1.2961 and a 4-weeks high of 1.2992 are the limits from the resistance side for the upward movement. However, it may soon revert to the downward trend as the RSI is currently in the oversold zone. The bearish direction in this scenario may have the support levels located at 1.2900, 1.2874 and 1.2828.
- The USDJPY pair is in a local decision-making moment. On the H4 chart, it is testing the resistance level of 108.85 – the level it dropped from last Wednesday. If it is broken, the bulls will likely rule the market, with 109.09 and 109.21 checking the uptrend. Otherwise, the low of 108.33 may be marked as the support level.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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