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Weekly Analysis

Forex Analysis: Major Currency Pairs, Gold, Bitcoin – 15th Nov 2021

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Check the forex news, weekly analysis, and top events in the financial markets.

  • 15th Nov – USD – Empire State Manufacturing Index 
  • 16th Nov – AUD – Monetary Policy & RBA Meeting Minutes, GBP – Unemployment Rate, USD – Retail Sales & Core  
  • 17th Nov – GBP – Consumer Price Index & Producer Price Index, EUR – Consumer Price Index & Core, CAD – Consumer Price Index & Core and USD – Housing Starts & Building Permits    
  • 18th Nov – USD – FOMC Members Speech and Philly Fed Manufacturing Index 
  • 19th Nov – GBP – Retail Sales, EUR – ECB President Speech, CAD – Retail Sales & Core and USD – FOMC Members Speech. 

Discover more insights into the week’s main economic events and financial releases. This week’s outlook presents an analysis of the economic calendar.

Forex Analysis and Levels for the Major Currencies

Technical analysis and trade ideas for the major currency pairs, gold, and Bitcoin, can be used to establish suitable objectives and manage risk by identifying regions in a chart where the price is expected to approach.

  • EUEURUSD, I’m expecting the price to drop slightly further to retest the 1.14000 level before start rising to test the 1.15000 level. If the price closes above the 1.15000 level then there is a high probability for the price to rise to test the 1.16000 level. 
  • GBPUSD, I’m expecting the price to rise if it manage to close above the 1.34200 level this week and if that happens then the next possible level for the price to test is the 1.34700 and 1.36000.
  • AUDUSD, I’m expecting the price to drop slightly further to retest the 0.72300 level before start rising to test the 0.73000 and if this level is broken then the next possible level for the price to test is the 0.74000 level. 
  • NZDUSD, I’m expecting the price to rise if it manage to close above the 0.70500 level this week and if that happens then the next possible level for the price to test is the 0.71000 and 0.71500. 
  • USDCHF, I’m expecting the price to drop if it manage to close below the 0.92000 level this week and if that happens then the next possible level for the price to test is the 0.91500 and 0.91000. 
  • USDCAD, I’m expecting the price to drop if it closes below the 1.25000 level this week and if that happens then the next possible level for the price to test is the 1.24000. On #USDJPY, If the price manage to close below the 113.200 level by this week then there is high probability for the price to drop further to test the 112.200 level.
  • BTCUSD, I’m expecting for the price to continue to rise if it able to close above the 66000 level this week and if that happens then the next possible level for the price to test is the 70000.
  • Gold trading, I’m expecting the price to continue to rise if it able to close above the 1875 level this week and if that happens then the next possible level for the price to test is the 1900. 
DISCLAIMER: The publication of market analysis is a marketing communication and does not constitute investment recommendations. This content provides a general views of our experts and does not consider the individual circumstances, investment experience or current financial situation. AximTrade is not liable for any losses incurred due to the use of analysis.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. 

Learn more about technical analysis

Forex weekly analysis and top releases from the economic calendar are two important factors to conduct a market analysis and learn about the price movements before trading forex or Gold and Bitcoin. The main function of analysis is to analyze the financial markets using different methods and indicators to identify the price movement. One of the main approaches after you open a forex account is technical analysis. Most successful forex traders rely on this type of analysis to study the market. In the forex market, traders can use forex news and analysis to analyze the major pairs, Gold, and cryptocurrencies.

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