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Daily Market Update 27 Nov 2020

EURUSD

HIGH

1.19286

LOW

1.19062

BID

1.19244

ASK

1.19251

CHANGE

0%

TIME

08:59:48

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

MARKET ANALYSIS – Intraday Analysis

Upwards scenario: EURUSD partially recover initial losses and currently approach our resistance at 1.1935 (R1). Break here would suggest next intraday targets at 1.1980 (R2) and 1.2024 (R3) in potential. Downwards scenario: Any downside fluctuations remains for now limited to the next support level at 1.1914 (S1), only clear break here would be a signal of further market easing towards to next targets at 1.1869 (S2) and 1.1825 (S3) in potential.

Resistance Levels: 1.1935, 1.1980, 1.2024

Support Levels: 1.1914, 1.1869, 1.1825

 

GBPUSD

HIGH

1.33763

LOW

1.33391

BID

1.33669

ASK

1.33675

CHANGE

0%

TIME

08:59:48

OUTLOOK SUMMARY

Up

TREND CONDITION

Upward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Technically, next important resistive structure is seen at 1.3393 (R1). Break here is required to initiate upside progress towards to important resistive measure at 1.3427 (R2). Any further market strengthening would then be limited to final aim at 1.3460 (R3). Downwards scenario: On the other side, possibility of the market easing is seen below the support level at 1.3358 (S1). Clearance here is liable to commence downwards formation towards to next target zone from 1.3324 (S2) onto 1.3291 (S3).

Resistance Levels: 1.3393, 1.3427, 1.3460

Support Levels: 1.3358, 1.3324, 1.3291

 

USDJPY

HIGH

104.277

LOW

103.903

BID

104.035

ASK

104.042

CHANGE

0%

TIME

08:59:48

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bullish

IMPLIED VOLATILITY

Medium

Upwards scenario: Instrument still has potential to enable correction development from the initial bearish penetration if the price manages to overcome key resistance at 104.07 (R1). In such case we would suggest next targets to be exposed at 104.38 (R2) and 104.68 (R3). Downwards scenario: Failure to prolong ascending structure might lead to the price devaluation later on today. Penetration below the key support at 103.90 (S1) would suggest next intraday targets at 103.59 (S2) and 103.28 (S3) in perspective.

Resistance Levels: 104.07, 104.38, 104.68

Support Levels: 103.90, 103.59, 103.28

FXCC

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