empty
 
 
10.11.2017 02:01 AM
Daily analysis of major pairs for November 10, 2017

EUR/USD: The EUR/USD moved higher on Thursday, but that movement was not significant enough for a clean bullish bias. A movement above the resistance line at 1.1700 would result in a bullish bias, while a movement below the support line at 1.1550 would help strengthen the recent bearishness in the market.

This image is no longer relevant

USD/CHF: This pair moved lower on Thursday, but that movement was not significant enough for a clean bearish bias. A movement below the support level at 0.9900 would result in a bearish bias, while a movement above the resistance level at 1.0050 would help strengthen the recent bullishness in the market.

This image is no longer relevant

GBP/USD: In spite of the volatility in the market, there is some bearish bias on the Cable. Things are looking dicey right now, but a directional movement is imminent. The market is expected to go downwards, reaching the accumulation territories at 1.3100, 1.3050 and 1.3000 (which would be attained today or next week).

This image is no longer relevant

USD/JPY: A short-term "sell" signal has been generated on the USD/JPY. Price has gone below the supply level at 113.50; and now going towards the demand level at 113.00. It is expected that the pair would go further downwards than that.

This image is no longer relevant

EUR/JPY: This cross is still bearish; with the EMA 11 below the EMA 56 and the RSI period 14 below the level 50. The next target for bears are located at the demand zones at 131.50, 131.00 and 130.50. Rallies along the way are ought to be contained at the supply zones at 132.50, 133.00 and 133.50.

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback