Forex News & Analysis 9th - 13th November - By Shivkumar
BTC/USD bulls held firmly to the support recently established at $14,500 after trading new yearly highs close to $16,000. Stability has returned to the market
Week Ahead: - BTC the upside, the seller congestion between $14,985 and $15,429 will absorb most buying pressure.
USD/JPY trading close to 103.50 after lures the bulls, bears keep 2020 lows on radars.
Week Ahead: - bears dominate low -103.00, around 102.70 and 101.20 will be in the spotlight.
GBP/USD GBP/USD wavers around multi-day high as US dollar stays offered amid risk-on mood. Market sentiment stays positive following Biden’s victory in US elections.
Week Ahead: - currently around 1.3175/80 bulls to aim for the 1.3200. The 1.3100 round-figure and of 1.3050 can restrict the pair’s pullback moves before directing the sellers toward 1.2962.
XAU/USD: - XAU/USD) looks to extend its recent bullish momentum starting out a fresh week amid hopes of additional fiscal stimulus under US President-elect Joe Biden.
Overview: - support levels is found $1953-51 levels, which could continue to guard the downside. A break of $ 1950 will aligned at $ 1940 and $ 1943. On the upside if $ 1961 is broken it will break $ 1963 with a target to $ 1975.0
EUR/USD EUR/USD eases from the intraday high of 1.1895 to 1.1885 amid Monday’s Asian trading.
Week Ahead: - at 1.1835 now, keeps the EUR/USD bulls directed towards a two-month high of 1.2011.
AUD/USD Backing the bullish case is the risk-on environment. Stocks are better bid at press time as investors foresee the split US Congress under Democrat
Week Ahead: - opened the doors to the high of 0.7345 support of 0.7239 would abort the immediate bullish outlook.
Good Luck & Let’s approach the market with proper education, Risk & Money Management rules.
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