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Weekly Analysis

Forex Technical Analysis: Weekly Analysis on Major Pairs, Gold, Bitcoin – 22nd Nov 2021

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

  • 23rd Nov – NZD – Retail Sales, EUR, GBP & USD – Flash Services & Manufacturing PMI 
  • 24th Nov – NZD – Interest Rate Decision, Statement & Press Conference, USD – Core Durable Goods, Core PCE Price Index & Unemployment Claims 
  • 25th Nov – USD – FOMC Meeting Minutes & Thanks giving day    
  • 26th Nov – GBP – BOE Gov Bailey Speech 

For more insights check the major event in the financial market outlook and top releases of the economic calendar.

Forex Analysis and Levels for the Major Pairs

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.

  • EURUSD, I’m expecting the price to rise to test the 1.14000 level and If the price closes above the 1.14000 level then there is a high probability for the price to rise to test the 1.15000 level.
  • On GBPUSD, I’m expecting the price to rise if it manages to close above the 1.34700 level this week and if that happens then the next possible level for the price to test is 1.36000.
  • On AUDUSD, If the price closes back inside the trendline this week, then there is a high probability for the price to rise to test the 0.73000 level and if the price closes above the 0.73000 level then there is a high probability for the price to rise to test the 0.74000 level.
  • On NZDUSD, I’m expecting the price to drop slightly more to test the 0.69500 level before starting rising to test again the 0.70000 level.
  • On USDCHF, I’m expecting the price to drop if it manages to close below the 0.92500 level this week and if that happens then the next possible level for the price to test is 0.92000.
  • On USDCAD, I’m expecting the price to rise to test the 1.27000 level before it drops. If it closes below the 1.26000 level this week then the next possible level for the price to test is 1.25000.
  • On USDJPY, If the price closes below the 113.200 level this week then there is a high probability for the price to drop to test the 112.200 level.
  • Gold trading, if it is able to close above the 1875 level this week then the next possible level for the price to test is 1900.
  • on BTCUSD, I’m expecting the price to continue to drop to test the 53000 level.vel this week and if that level is broken then the next possible level will be 112.200.  
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 analysis is one of the main skills for forex traders to be successful in their trading careers. 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 is technical analysis since 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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