Daily analytical report (24/11/16)

Posted On 24 Nov 2016

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Durable goods orders lifted USD and crashed gold.

Thanksgiving Day, so markets are muted and trading is quiet.

As it often happens, most investors are closing their positions and capturing profits from the recent movements and that is why we can see correction movement for most instruments.

EURUSD is creating a hammer on an important long-term support. Good R:R ratio here.

USDCHF already had 4 of the same corrections in a row, now we’re waiting for the 5th.

NZDCAD needs to climb 60 pips higher to create a nice mid-term buy signal.

Source:: Daily analytical report (24/11/16)

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