FXOpen Broker

10+ years’
experience in FX


Trading Accounts

Micro, Crypto


Try Free Demo

Practice Forex trading
risk free


PAMM Technology

Become a Master
or a Follower

Results 1 to 3 of 3

Thread: November 19 market commentary and technical levels

  1. #1
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
    Join Date
    Feb 2007
    On the moon
    FXO Shares
    FXO Bonus
    Thanked 478 Times in 187 Posts

    Default November 19 market commentary and technical levels

    Wed, 19th of November, 2008
    By Setyo Wibowo
    EURUSD Outlook
    The EURUSD made indecisive movement by opened and closed at almost the same price (1.2633 and 1.2636) formed a Doji candlestick formation on daily chart. We have a triangle formation on 4h chart as the pair has been trading in consolidation phase. A breakout from the triangle should give us a clearer direction in nearest term. The key levels at this phase is 1.2675 resistance and 1.2575 support as a breakout from one of those level could also be considered as a breakout from the triangle formation. CCI in neutral area on both 4h and daily chart.

    EURUSD Daily Supports and Resistances:
    • S1= 1.2568
    • S2= 1.2500
    • S3= 1.2434
    • R1= 1.2702
    • R2= 1.2768
    • R3= 1.2836
    GBPUSD Outlook
    The GBPUSD didn't make a significant movement yesterday. The pair moved in ranging area between 1.5090 and 1.4899 area. A breakout from that ranging area would give us a clearer direction. Although in longer term we are still intact with bearish scenario, the daily CCI about to cross -100 line up suggesting a potential bullish correction.

    GBPUSD Daily Supports and Resistances:
    • S1= 1.4886
    • S2= 1.4797
    • S3= 1.4695
    • R1= 1.5077
    • R2= 1.5179
    • R3= 1.5268
    USDJPY Outlook
    After breakout to the upside of triangle formation on hourly chart, yesterday the USDJPY was traded higher. The pair topped at 97.41 but closed lower at 96.90. Early today in Asian session the pair was traded lower around 96.60 at the time I wrote this comment. Remember that the bearish scenario is still intact. My model goes mixed with downside bias. Immediate resistance is seen at 97.50. Initial support at 95.75. CCI in neutral area on daily chart.
    USDJPY Daily Supports and Resistances:
    • S1= 96.14
    • S2= 95.38
    • S3= 94.75
    • R1= 97.53
    • R2= 98.16
    • R3= 98.92
    USDCHF Outlook
    After breakout to the upside from the ranging area of 1.2000 and 1.1880, the USDCHF continued to move higher early today in Asian session. The main bias is on the upside. However watch out for minor downside corrections as the pair already in overbought area and heading down both on 4h and daily chart. Immediate support is seen at 1.2000. Initial resistance at 1.2100.
    USDCHF Daily Supports and Resistances:
    • S1= 1.1978
    • S2= 1.1932
    • S3= 1.1899
    • R1= 1.2057
    • R2= 1.2090
    • R3= 1.2136
    Have a great day!


  2. #2
    In Profit
    Join Date
    Nov 2008
    FXO Shares
    FXO Bonus
    Thanked 0 Times in 0 Posts


    Why Eur/Usd after break out down side went up over 200 pips?!
    Was it market trap?
    I lost money... virtual money

  3. #3
    In Profit
    Join Date
    Oct 2008
    FXO Shares
    FXO Bonus
    Thanked 0 Times in 0 Posts


    I am short on GU and UJ TRGETING AT LEAST 92 ON UJ AND 1.45 ON GU

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
2005-2017 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us