Intraday technical levels and trading recommendations for EUR/USD for November 22, 2016

Share This: closure below the depicted demand level around 1.0570 allows further bearish decline. Initial bearish target would be located around 1.0220. On the other hand, the price level of 1.0825 (Fibo Expansion 100%) constitutes a recent supply level to be watched for a SELL entry if any bullish pullback occurs. The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex

EUR/NZD analysis for November 22, 2016

Share This: for higher price since price is out of balance according to yesterday’s profile. Fibonacci Pivot Points: Resistance levels R1: 1.5125 R2: 1.5150 R3: 1.5210 Support levels: S1: 1.5015 S2: 1.4985 S3: 1.4930 Trading recommendations for today: Watch for a potential breakout to confirm a further direction. The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex

Global macro overview for 21/11/2016

Share This: post-Brexit UK. Let’s now take a look at the GBP/USD technical picture in the 4H time frame. The market rallied slightly after May’s speech, but so far it stopped at first intraday resistance at the level of 1.2390. Nevertheless, the key support at the level of 1.2333 looks solid and the bounce might extend higher towards the next technical resistance at the level of 1.2511. The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex

Technical analysis of USD/CAD for November 21, 2016

Share This: Intraday Resistance 1.3497 – Weekly Pivot 1.3419 – WS1 1.3398 – Intraday Support 1.3308 – WS2 Trading recommendations: The corrective upward wave progression is about to be completed, so this is why the daytraders should consider opening only sell orders with tight SL and TP open for now. The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex

Technical analysis of EUR/JPY for November 21, 2016

Share This: – WR1 118.41 – Intraday Resistance 117.47 – Intraday Support 116.99 – Weekly Pivot 116.49 – WS1 116.24 – Local Low Trading recommendations: The corrective upward wave progression is about to be completed or it has completed already, so this is why the daytraders should consider opening only sell orders with tight SL and TP open for now. The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex