Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on November 19
Information is not investment advice
Key events ahead:
Speech by the FOMC member John Williams – 16:00 MT time (14:00 GMT)
- During the Asian trading session, the Reserve bank of Australia released the monetary policy meeting minutes. The record had a dovish tone. The regulator is ready for further easing if needed. The report pulled the aussie down to the support at 0.6784 on H4. The further focus for the pair will be on the updates on the US-China trade deal. On the 4-hour chart, AUD/USD has bounced off the 0.6784 level and has risen towards the 0.6810 resistance level. If this level is broken, the next resistance will lie at 0.6819. If the aussie weakens, we expect the retest of the 0.6784 level. The next support will lie at 0.6776.
- According to the anonymous source, China is still unhappy with the progress over the trade deal with the US. We will continue to follow the situation to determine the moves of USD/JPY. At the moment of writing the pair has been testing the 100-period SMA on H4 at 108.78. The breakout of this level will increase the chance of a retest of the 108.86 handle. If the risk sentiment is on, the pair will rise above the 50-period SMA to the 108.98 level. The downward momentum will be limited by the 108.59 level. Further support levels will lie at 108.51 and 108.42.
- EUR/USD has been trading between the 100-period and 200-period SMA on H4. If the USD gets stronger, the 1.1063 level will be broken and the next support will lie at 1.1054. From the upside, the breakout of the 1.1083 level will push bulls further to the 1.1091 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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