empty
 
 
cn
支持
即时开户
交易平台
入金/出金

14.11.202310:30 Forex Analysis & Reviews: EUR/USD and GBP/USD: Trading plan for beginner traders on November 14, 2023

Details of the Economic Calendar on November 13

Monday, as usual, was accompanied by an empty macroeconomic calendar. Important statistical data were not published in the European Union, the United Kingdom, and the United States.

Analysis of Trading Charts from November 13

The EURUSD currency pair has been trading in a sideways range within 50-70 points for a week. There are no radical changes, and it seems that the quote is in the process of accumulating trading forces.

The GBP/USD currency pair bounced off the level of 1.2200, leading to an increase in long positions. As a result, the quote rose above the level of 1.2270.

Exchange Rates 14.11.2023 analysis

Economic Calendar for November 14

Data on the UK labor market were published at the opening of the European trading session, indicating the unemployment rate remaining at 4.2% against the forecast of an increase to 4.3%. The number of employed in September increased by 54,000 people, while a decrease of 198,000 was expected. These labor market data turned out to be better than forecasts, leading to further strengthening of the British pound.

The key event on Tuesday, and possibly for the entire week, is the inflation data in the United States, which may decline from 3.7% to 3.3%. These indicators may indicate a final shift in the policy of the Federal Reserve, where the refinancing rate will no longer be raised at the upcoming meetings.

EUR/USD Trading Plan for November 14

In this situation, we have two key levels: the first is at the level of 1.0650, which is considered in a bearish scenario, and the second is at the level of 1.0750. A breakout of the 1.0750 level would indicate a continuation of the upward cycle.

Exchange Rates 14.11.2023 analysis

GBP/USD Trading Plan for November 14

If the price stabilizes above the level of 1.2300, it may trigger further growth in long positions towards 1.2350-1.2400. In this case, the previous upward cycle in the market may resume, leading to the update of the local high. However, if the price does not hold above 1.2270, it may cause a new wave of decline, where the level of 1.2270 will become resistance.

Exchange Rates 14.11.2023 analysis

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Gven Podolsky,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.