Forex Daily Outlook – November 22, 2018

Colin First
S & P 500 daily chart, August 15, 2018


The Euro finally managed to break higher the 1.14 level in the Wednesday’s session, but still experiencing a lot of resistance above which extend up to the 1.15 level. The overall sentiment of the market is still bearish due to the negative headline around and its a matter of time the market will roll over once again. The 1.13 level underneath continues to be massively supportive and break below will be extremely negative. …Read More


The market rallied slightly during yesterday’s session but experienced strong resistance at the 1.28 level. The Brexit headline is still making the market jittery and it is likely that the market will break below the 1.27 level. In the higher side, the 200 Day moving average is offering strong resistance to the pair for quite some time now and will be difficult to break above. …Read More


The AUD managed to break above the 0.7250 level in the Wednesday’s session but is facing significant issues going higher. The market will continue to consolidate between the 0.70 and 0.73 level, as lack of any positive developments to support the market break higher. Also, the 200 Day moving average will continue to offer significant resistance. …Read More


The USD has broken above the massively resistive 113 level against the JPY in yesterday’s session, which of course is a slightly positive development. The market was struggling hard to break above this level in the past few sessions. The market will struggle a bit in today’s session as the US markets will be closed on account of Thanksgiving day. …Read More

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