VantagePoint Forex Weekly Outlook for November 26th, 2018

VantagePoint Forex Weekly Outlook for November 26th, 2018

Forex Weekly Outlook for November 26th, 2018

The Forex Weekly Outlook is designed to help traders remain aware of correlations in the global markets. Traders can become more profitable if they know how to get ahead of the trends. Utilizing the predictive indicators and correlated relationships in VantagePoint Software can help traders find the right trades and the right times to enter and exit those trades. Let’s look at the charts for the U.S. Dollar and the major pairs.

Forex and the U.S. Dollar

The U.S. Dollar Index is the backbone of forex trading. The bulk of the trades involves buying or selling the U.S. dollar. Understanding the movements of the individual market will greatly benefit forex traders as they will be able to better predict the movements of the pairs based on the IDX market movement.

Key levels and market movements:

That Dollar has recovered somewhat, but it’s still not overly strong. The path of least resistance would be to the upside. But unless the Dollar can make a sustained break of the 98 level, any Dollar rally will be short lived.

What do the indicators say?

The VantagePoint key level is at 96.502 and the VantagePoint PRSI is at 62.7.

Forex Weekly Outlook for Major Pairs

The major pairs are where most Forex traders trade the market. In the Forex Weekly Outlook we take a look at the most popular. We analyze price action, news events and/or risk off scenarios that could play a role in market movement. And a series of VantagePoint charts that best present information that can assist traders in determining where the market may move in the week ahead.

Euro/U.S. Dollar (EUR/USD)

What do the indicators say?

The VantagePoint key level is at 1.1369 and the VantagePoint PRSI is at 34.4.

U.S. Dollar/Swiss Franc (USD/CHF)

What do the indicators say?

The VantagePoint key level is at 0.9957 and the VantagePoint PRSI is at56.5.

British Pound/U.S. Dollar (GBP/USD)

What do the indicators say?

The VantagePoint key level is at 1.2891 and the VantagePoint PRSI is at 41.5.

U.S. Dollar/Japanese Yen (USD/JPY)

What do the indicators say?

The VantagePoint key level is at 113.16 and the VantagePoint PRSI is at 46.6.

The Commodities Currencies

U.S. Dollar/Canadian Dollar (USD/CAD)

What do the indicators say?

The VantagePoint key level is at 1.3180 and the VantagePoint PRSI is at 54.8.

Australian Dollar/U.S. Dollar (AUD/USD)

What do the indicators say?

The VantagePoint key level is at 0.7222 and the VantagePoint PRSI is at 35.6.

New Zealand Dollar/U.S. Dollar (NZD/USD)

What do the indicators say?

The VantagePoint key level is at 0.6750 and the VantagePoint PRSI is at 36.7.

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By |2018-11-26T12:12:16+00:00November 26th, 2018|Forex|0 Comments

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