MAJOR CURRENCY MARKET
MAJOR CURRENCY MARKET TECHNICAL ANALYSIS OUTLOOK
November 25/2021
The US Dollar has gained a continuous inflow of strength against Its major currency counterparts, in this post we've covered a brief detail concerning the performance of the dollar against the other major currencies.
AUDUSD price dip below the $0.7354 resistance line, while market price action extends its bearish trend direction further. As of the time of writing this technical analysis, the price of AUSSIE/DOLLAR is resting along the lines of $0.7184 initial support. Thus, a break below the support will result in the price of AUDUSD sliding southward.
On the other hand, the market sentiment of AUDUSD on the higher time frame remains neutral. Volatility and RSI indicator dive lower.
EURUSD The euro has lost ground against the dollar following the recent lockdown occurrence taking place in the Eurozone.
GBPUSD has seen this week printing lower lows into support. The sterling was assumed to have lost ground against the dollar. In general, the entire trend direction of the asset exists in a bearish trend direction.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
November 25/2021
The US Dollar has gained a continuous inflow of strength against Its major currency counterparts, in this post we've covered a brief detail concerning the performance of the dollar against the other major currencies.
AUDUSD price dip below the $0.7354 resistance line, while market price action extends its bearish trend direction further. As of the time of writing this technical analysis, the price of AUSSIE/DOLLAR is resting along the lines of $0.7184 initial support. Thus, a break below the support will result in the price of AUDUSD sliding southward.
On the other hand, the market sentiment of AUDUSD on the higher time frame remains neutral. Volatility and RSI indicator dive lower.
EURUSD The euro has lost ground against the dollar following the recent lockdown occurrence taking place in the Eurozone.
GBPUSD has seen this week printing lower lows into support. The sterling was assumed to have lost ground against the dollar. In general, the entire trend direction of the asset exists in a bearish trend direction.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
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