Technical analysis of NZD/USD for November 27, 2018 2018-11-27 Overview: The NZD/USD pair will continue rising from the area of 0.6791 - 0.6744 today. So, the support is found at the level of 0.6791, which represents the 50% Fibonacci retracement level in the H1 time frame. Since the trend is above the 50% Fibonacci level, the market is still in an uptrend. Therefore, the NZD/USD pair is continuing with a bullish trend from the new support of 0.6791. The current price is set at the level of 0.6791 that acts as a daily pivot point seen at 0.6791 also. Equally important, the price is in a bullish channel. According to the previous events, we expect the NZD/USD pair to move between 0.6791 and 0.6840. Therefore, strong support will be formed at the level of 0.6791 providing a clear signal to buy with the targets seen at 0.6840. If the trend breaks the support at 0.6730 (first resistance), the pair will move upwards continuing the development of the bullish trend to the level 0.6881 in order to test the double top. In the same time frame, support is seen at the levels of 0.6791 and 0.6744. The stop loss should always be taken into account for that it will be reasonable to set your stop loss at the level of 0.6744. EUR/USD analysis for November 27, 2018 2018-11-27 Recently, the EUR/USD pair has been trading downwards. As I expected, the price tested the level of 1.1304. According to the H1 time – frame, I have found a broken bearish flag in the background, which is a sign of weakness. Most recently, I found the breakout of the short – term head and shoulders (bearish pattern), which is another sign of weakness. My advice is to watch for selling opportunities and go with the direction of the short – term trend. The downward target is set at the price of 1.1215. GBP/USD analysis for November 27, 2018 2018-11-27 Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2754. According to the H1 time – frame, I have found the breakout of the bearish flag and a potential end of the upward correction, which is a sign that sellers are in control. The short – term trend is bearish. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2696 and at the price of 1.2660. Technical analysis of GBP/USD for November 27, 2018 2018-11-27 Overview: Pivot: 1.2890. The GBP/USD pair fell from the level of 1.2890 towards 1.2780. Now, the price is set at 1.2850. On the H1 chart, the resistance is seen at the levels of 1.2890 and 1.3001. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2829 and 1.2725 in coming hours. In the short term, we expect the GBP/USD pair to continue to trade in a bullish trend from the new support level of 1.2725 to form a bullish channel. Also, it should be noted that major resistance is seen at 1.2829, while immediate resistance is found at 1.2829. According to the previous events, the pair is likely to move from 1.2725 towards 1.2829 and 1.2890 as targets. In the H4 time frame: However, if the pair fails to pass through the level of 1.2890, the market will indicate a bearish opportunity below the level of 1.2890. So, the market will decline further to 1.2725 in order to return to the daily support. Moreover, a breakout of that target will move the pair further downwards to 1.2639. Author's today's articles: Mourad El Keddani Was born in Oujda, Morocco. Currently lives in Belgium. In 2003 obtained B.S. in Experimental Sciences. In 2007 obtained a graduate diploma at Institut Marocain Specialise en Informatique Applique (IMSIA), specialty – Software Engineering Analyst. In 2007–2009 worked as teacher of computer services and trainer in a professional school specializing in computer technologies and accounting. In 2005 started Forex trading. Authored articles and analytical reviews on Forex market on Forex websites and forums. Since 2008 performs Forex market research, and develops and implements his own trading strategies of Forex analysis (especially in Forex Research & Analysis, Currency Forecast, and Recommendations and Analysis) that lies in: Numerical analysis: Probabilities, equations and techniques of applying Fibonacci levels. Classical analysis: Breakout strategy and trend indicators. Uses obtained skills to manage traders' accounts since 2009. In April 2009 was certified Financial Technician by the International Federation of Technical Analysts. Winner of several social work awards: Education Literacy and Non-Formal Education (in Literacy and Adult Education in The National Initiative for Human Development). Languages: Arabic, English, French and Dutch. Interests: Algorithm, Graphics, Social work, Psychology and Philosophy. Petar Jacimovic Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work" Subscription's options management Theme's: Fundamental analysis, Fractal analysis, Wave analysis, Technical analysis, Stock Markets Author's : Alexandros Yfantis, Arief Makmur, Dean Leo, Harsh Japee, Michael Becker, Mohamed Samy, Mourad El Keddani, Petar Jacimovic, Rocky Yaman, Sebastian Seliga, Torben Melsted
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