Wöchentliche Forex-Prognose und FX-Analyse 23 - 27 November

EUR/CHF

In the previous weekly review for this currency pair, we talked about the significance of the 1.0800 level. This level has not lost its significance, moreover, the price literally stuck to it and cannot significantly move away from it. The significance of the level is also confirmed by the indicators, which stuck to zero values ​​in a similar section of the market and show no dynamics. The current price situation allows us to identify a side channel with borders at 1.0787 1.0820. As long as the price is within this corridor, you cannot trade. In the future, in the direction of the exit from the corridor, you can open a contract.

NZD/USD

The New Zealand dollar against the US gives every reason for the early opening of the downward contract. This can be said even despite the fact that the price is developing within the uptrend and the trend is still quite strong, and the market is at a local maximum. If we consider the price chart and indicators together, then there is a clear and very strong divergence. Therefore, there is every reason for a bearish trade and the contract can be entered even though the price is still to the left of the trendline.

EUR/RUB

The euro against the Russian ruble is the second asset in this review, which forms the main idea for trading on the basis of divergence. It is important to note that the main dominant trend for this currency pair is downward. The price continues to fall, while the indicators are in the negative area. Nevertheless, all indicators look up and do not confirm local minimums. Formally, this is a leading signal that indicates the weakness of the current movement and allows us to consider options for opening an upward trade.

AUD/CHF

Trades last week for the Australian dollar against the Swiss franc are characterized by low volatility and no trend. In fact, we are in the stage of correction, which is trying to form a "flag" pattern. You shouldn't pay attention to indicators now because they do not give unambiguous signals for trading. We use only the basics of graphical analysis and work with the flag figure. You cannot trade as long as the price is within the pattern. Later, you can trade in the direction of the exit. An upward movement is most likely.

GBP/CAD

This currency pair is developing in an uptrend stage, and this stage is active. The main dynamics is confirmed not only by the price chart, but also by the position of the indicators, which are in the area above zero and growing. Thus, there is no reason to consider the current movement finished, which means that we can consider the options for trading up, as within the framework of the main dominant trend for this currency pair.

NZD/CHF

The main movement for the New Zealand dollar against the Swiss franc is upward. This can be clearly seen in the price chart, but it is even better seen in indicators that have been trading in the area above zero for a long time. The current price is characterized by a local uptrend and the level of 0.6327. Together, these two lines form a triangle pattern, and as long as the price is within the indicated pattern, you cannot trade. We are waiting in which direction the market will break through the figure and open a contract in this direction.

USD/CNH

The US dollar continues to lose ground against the Chinese yuan. Despite the dominance of the downtrend, we once again emphasize the fact that there are prerequisites for upward trading. This time, we note the presence of divergence between the price and the main indicators. Divergence is a powerful signal that has not yet been worked out by the market, which means that upward trading options can be considered.