Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on November 22
Information is not investment advice
Key events ahead
British CIPS Manufacturing PMI Flash – 11:30 MT time (09:30 GMT)
Canadian Monthly Retails Sales – 15:30 MT time (13:30 GMT)
- On the H1 chart of EURUSD, the price dropped to the level of 1.1056 yesterday evening, then went up into a correction. If the next Parabolic indicator’s mark completes as the third in the row in the upward direction that will reconfirm the bullish trend. In this case, the bulls may have 1.1081 and 1.1092 as the resistance levels. The bears may locate the support levels at 1.1062 and 1.1056.
- On the H1 chart of USDCAD, the Stochastic Indicator shows the fast line crossing the slow line upside down within the oversold zone. That means that the price will be soon under pressure down. If the downward movement breaks through the local support levels of 1.3271 and 1.3263, it will have the next target at 1.3202. The resistance levels may be located at 1.3288 and 1.3324.
- On the H1 chart of GBPUSD, the price shows a sideways movement above the support level of 1.2893. If the British economic data to be released today is positive, the GBP may gain strength and aim at the resistance levels of 1.2932 and 1.2964. Otherwise, an additional support level may be placed at 1.2873.
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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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