Check the forex news, weekly analysis, and top events in the financial markets.
- 29th Nov – EUR – German Preliminary CPI, USD – Pending Home Sales
- 30th Nov – EUR – CPI Flash Estimate, CAD – GDP & USD – Fed Chair Powell Testifies
- 1st Dec – AUD – GDP, USD – ADP Non-Farm Employment Change & ISM Manufacturing PMI
- 2nd Dec – ALL – OPEC – JMMC Meetings, USD – Unemployment Claims
- 3rd Dec – CAD – Employment Change, USD – Non-Farm Employment Change
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 make a pullback to test again the 1.12740 level before starting rising to test the 1.14000 level. If that level is broken then the next possible level will be the 1.15000.
- GBPUSD, I’m expecting the price to rise if it manage to close above the 1.33500 level this week and if that happens then the next possible level for the price to test is the 1.34200 and 1.34700.
- AUDUSD, im expecting a bounce from 0.71000 level and test the 0.71700 level and If the price closes above it then the next possible level for the price to test is the 0.72300 level.
- NZDUSD, im expecting a bounce from 0.68000 level and test the 0.68500 level and If the price closes above it then the next possible level for the price to test is the 0.69000 level.
- USDCHF, I’m expecting the price to make a pullback to test again the 0.92500 level before start dropping to test the 0.92000 level. If that level is broken then the next possible level will be the 0.91700.
- USDCAD, I’m expecting the price to drop and if it manage to close below the 1.27000 level this week then the next possible level for the price to test is the 1.26000.
- USDJPY, I’m expecting the price to make a pullback to test again the 113.600 level before start dropping to test the 113.200 level. If that level is broken then the next possible level will be the 112.750.
- BTCUSD, If the price closes above the 60000 level, then the next level for the price to test will be 62500 and on the other hand, If it closes below the 53000 level then the next level for the price to test is the 50000.
- Gold trading, If the price closes above the 1800 level, then the next level for the price to test will be 1830 and on the other hand, If it closes below the 1770 level then the next level for the price to test is the 1750.
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.
AximTrade offers forex news for traders and Weekly Analysis by experts on Major Currency Pairs, Gold, and Bitcoin. AximTrade is a fast-growing brokerage service provider and award-winning platform with one of the best CopyTrade platforms in the trading world. AximTrade, the forex broker provides a dynamic and highly efficient trading environment to enable forex traders with easy-to-use technology, fast payment methods, educational resources, market analysis, varieties of forex bonus promotions, and highly competitive trading environment with the best trading conditions.