Wednesday, November 14, 2018

Market Analysis and Trading Recommendations for November 15, 2018


EURUSD ... the uptrend started with targets within   1.18
During yesterday's trading sessions, it was confirmed that there was a chance for the pair to rise to target areas earlier this month, as fears from Italy,
MACD Alerts - According to the MACD index we find positive signs that started yesterday night with a great possibility to break through the zero levels which breached it will confirm our positive view of the pair
Support and resistance
The strongest support is located at 1.1182 and is unlikely to reach the pair this year, while the nearest support is at 1.122 and can be used in trading and buying by making a stop loss below that support
The strongest resistance at 1.149 and the breach of this resistance will target the levels at 1.18
Trading Recommendation
Buy the pair from the current levels and below 1.134
Stop loss 1.1182
Take profit in three stages
1.145
1.152
1.180

Euro-JPY.. Upside trend started with targets at 132
The pair managed to trade above 126 levels during the week to maintain a positive direction despite the Euros' losses from events in Italy and the UK, our outlook continues to remain bullish, with our view of levels above 131 within the next few days

MACD Alerts - Our own index does not indicate a clear possibility for significant declines on the pair, while confirming that the trading remains sideways for a period before the trend towards a big rally

Support and resistance
The strongest support is at 126.80 while the nearest support is at 127.50 which is an appropriate area to open long-term buying
The major resistors are at 130.20 and the breach confirms the possibility of targeting areas 131 and 132

Trading Recommendation
Buy the pair from the current levels 128.70
stop loss at 126.00
Take profit on three levels
129.70
130.20
132.00

GBP / USD ... Tight trading and long targets near 1.35

While the pair is trading within a very tight range this week, affected by the conflicting news about the British-European negotiations, we are likely to see a significant upside over the pair during this month

MACD Alerts - According to our index, the sideways trend remains for a period of time in very tight trading before we see a clear break

Support and resistance
The strongest support at 1.270 and we are not likely to see declines to that area, while the nearest support at 1.2890, an area that the pair has touched and rose several times but remains a valid area of ​​entry buy from those areas

Trading Recommendation
Buy the pair from the current levels 1.3020 and repurchase at 1.2890 and 1.270
Stop loss at 1.26
Take profit in three stages
First take the profit 1.3175
Second Take Profit 1.3270
Third Take Profit 1.3550

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