Webinar: Learn From The Pro: Paul Trades The Engulfing Candle on 03-th of December

This will be a very interesting ActivTrades free webinar with guest speaker Paul Wallace that will discuss how to use engulfing candles as a price action trigger into your trade.

Paul Wallace is an independent trader with more than 22 years’ experience working  both as an individual and as the head trader for a fund.

You can find detailed information about the webinar and to register, by following this link.

Daily technical analysis for November 27

EUR/USD

The euro recorded neutral session against the dollar on Thursday. The trading was extremely quiet, as the opening price was nearly same as the closing, respectively, 1.0623 and 1.0609. In the early hours the bearish sentiment prevailed, but later losses were compensated. So the difference between the highest and lowest value for the day was 27 pips. If the negative direction in the future become a leading, support at 1.0565 will be pierced.

Support: 1.0565; 1.0517;

Resistance: 1.0687; 1.0780;

GBP/USD

The pound registered a volatile session against the dollar on Thursday. Despite the dynamic trade ultimately the British currency lost insignificant positions. Short-term indicators, however, remain in favor of the dollar. Soon the couple could test the support at 1.5029. The session was opened at a price of 1.5128, and the final value was 27 pips lower. The daily bottom was registered at 1.5065.

Support: 1.5029; 1.4983;

Resistance: 1.5189; 1.5334;

USD/JPY

The dollar registered a neutral session against the yen on Thursday. The pair remains at a lower level, which was reached last few days, short-term indicators are still in favor of a bearish trend. In this case can be expected to break the support at 122.20. The trade on Thursday launched a price of 122.69, and at the end of the day the values were 13 pips below at 122.49.

Support: 122.20; 121.39;

Resistance: 123.25; 123.74;

Technical analysis of EUR/USD for November 26

Euro/dollar had another indecisive movement yesterday, forming another Doji on daily chart. Price attempted to push lower, bottomed at 1.0565 but closed higher at 1.0622. Trade bias is neutral in nearest term. I remain in the camp of bears in general, but the price is still in consolidation phase. The nearest resistance is 1.0640, whose breach could trigger further bullish pressure testing the trend line resistance zone 1.0700, which is a good place to place short positions with targets near 1.0500 with tight stop loss above the trend line as seen on the hourly chart. On the upside, a clear break and daily close above the trend line resistance and a level of 1.0700 could trigger further upside correction testing the important resistance 1.0800.

Technical analysis of EUR/USD for November 25

Euro/dollar made another indecisive movement yesterday, forming another doji on the daily chart, as you can see below. Trade signals are neutral for now. We don't see bullish doji formation, but two consecutive doji after a downtrend suggest exhaustion of the bears and a bullish reversal, especially if the price is able to make a clear break above the trend line resistance (localized at 1.0725), as seen on the hourly chart, to test 1.0800 or higher. On the downside, we need a clear break below 1.0592 for the continuation of the bearish scenario targeting near 1.0500.

What investors expect from December?

Forex strategists from Nomura conducted a survey among its customers, trying to answer the question of what investors expect from the key December.
The majority, or 92% of the respondents, are convinced that the Fed will raise interest rates in the US, and 52% think it will have a new second increase in March 2016. Generally, players provide one or two increases in rates in 2016 and two more - in 2017.
As for the Old Continent, here again, the situation seems predetermined. 75% of respondents are certain, that ECB will cut rates on deposits, compared to only 9% predicted such a move in October.
Consensus expectations for the exchange rate of EUR/USD at the end of the year are for a level of 1.04, at 1.12 envisaged under similar poll in October.

Barclays Capital: How to trade EUR/USD this week?

According to forex strategists at Barclays Capital, this week, the dollar will likely trade in a range against other major currencies, in expectation of the meetings of the Federal Reserve and the European Central Bank next month.
In the coming days are expected swings in investor sentiment, as not forthcoming publication of key economic reports, and on Thursday the United States will be celebrating Thanksgiving.
As for the euro, the ECB continues to prepare investors for adopting new stimulus measures. The institution would hardly risk to not take action in December, as this would provoke a surge in the euro and hence - blow over inflation expectations.
Until the December meetings of US and European regulators EUR/USD likely to fluctuate, but Barclays Capital strategists advise players to realize sales in periods of growth. Experts remain short positions in the pair of $1.1278 with $0.99 target.

Technical analysis of GBP/USD for November 20

Pound/Dollar had up momentum yesterday, forming a peak of 1.5334 after the break above the range. Trade signals are bullish in nearest term testing for 1.5350. From another technical perspective, as seen on the hourly chart, the price is moving in an upward channel. Purchases around the lower line of the channel with goals in the area of ​​the upper limit is the perfect plan. Or, if you trade against the trend, sales around the top line with targets near the lower boundary of the channel is also a good idea. Support for the day is 1.5250, whose breach could lead price to neutral zone testing the lower line of the price channel and the region 1.5200 - 15180. On the upside, a clear break and daily/weekly close above 1.5250 could trigger further bullish pressure on testing 1.5500 next week.

Dollar rises on inflation data, Fed closer to raising interest rates

The dollar rose after the publication of positive data on US inflation. Expectations that the Federal Reserve will raise interest rates next month intensified.

Following the publication of inflation data it became clear, that consumer price index reached 0.2%. In the previous period the value was 0%. Economists had expected a rise of 0.1%. The main index of consumer prices remain unchanged at 1.9%. As a result, the dollar reached a 10-month high against the Swiss franc. It also managed to rise against the euro and the yen.

EUR/USD

Support 1.0676;

Resistance: 1.0854; 1.0975; 1.1080;

GBP/USD

Support: 1.5125;

Resistance: 1.5345; 1.5446;

USD/JPY

Support: 122.61; 121.50; 120.85;

Resistance: 123.67;

Daily technical analysis - 18-11-2015

EUR/USD

Euro continued to lose value against the US Dollar on Tuesday. The pair opened at a price of 1.0685 after steady downtrend during the session, eventually closing at a rate of 1.0640. The pair managed to break through the first support at 1.0676. If EUR / USD justify negative expectations, support at 1.0548 will be pierced.

Support 1.0548;

Resistance: 1.0676; 1.0854; 1.0975;

GBP/USD

The pair recorded a volatile session and the pound added 11 pips at a closing price of 1.5210. Daily extreme values were reached respectively at 1.5155 and 1.5238. If short-term expectations are justified, bullish sentiment will become more intense and the British currency will test the resistance at 1.5230.

Support: 1.5125;

Resistance: 1.5230; 1.5345; 1.5446;

USD/JPY

The dollar recorded rise against the yen on Tuesday. The couple vary in a narrow range, without significant swings in the price. The session was open to the rate of 123.16, and the final value was only 26 pips higher. The graphics continue to evolve over moving averages, while the relative strength index remained in neutral territory. If the direction continues upward, the dollar will break through resistance at 123.67.

Support: 122.61; 121.50; 120.85;

Resistance: 123.67;

BBH: EUR/USD is heading towards parity

The forex strategists of Brown Brothers Harriman outline recent developments and movements of the euro against the dollar and reached the conclusion that the couple seems to be heading towards parity.
After the last meeting of the European Central Bank on October 22, EUR/USD fell to $ 1.11. Then, after the publication of the meeting protocols of the Federal Reserve on October 28, the pair continued to fall to $ 1.09 area. There was a wave of selling, triggered by strong employment reports in the US since November 6, and the euro without hesitation broke the level of $ 1.08, which was giving it strong support throughout the summer.
The current position of the Federal Reserve and European Central Bank are opposed, so BBH experts expect continuing downtrend of EUR/ USD. Initially, the pair will reach the minimum from March of $ 1.0460, which opens the way to parity.

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