Please wait while we get your page ...

BTCUSD, EURUSD and Gold Forecasts, November 27, 2019
BTCUSD, EURUSD and Gold Forecasts, November 27, 2019
Posted

By - Jamel Lahiani

Posted - 27-11-2019
  • The BTCUSD is bearish quite at short term. Sell
  • The EURUSD is raging quiet at short term. Sell
  • The XAUUSD is bearish volatile at short term. Sell

Today our analysis will be concerned with:
BTCUSD (Bitcoin /US Dollar) the most popular cryptocurrency in the world exchanged to the US dollar. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors.

EURUSD (Euro /US Dollar) is the most traded currency pair in the world. This pair represents the world’s two largest economies and has faced most volatility since the inception of the euro in 1999.
XAUUSD (Gold /US Dollar) is widely followed by traders around the world, it measures the Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.

FOREX Market Insights
Yesterday, US stocks notched record levels, as a result of President Donald Trump talks for optimistic relation between the world’s two largest economies, the U.S. and China. The sentiments of investors concerning US dollar is up leading the US dollar to consolidation and going stronger face to the others currencies.

Today in Focus
Today, we have a high impact published indicators:

AT 13H30GMT: The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

AT 13H30GMT: The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time.

AT 13H30GMT: Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances.

AT 13H30GMT: Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances.

GRAPHIC 1: BTCUSD HOURLY CHART (NOVEMBER 27, 2019)

The BTCUSD pair has a bearish quite movement inside the colored channel. The pair decline last week by -18.72% and it is going for lower low and lower high movement. It is gainful to sell this pair near the highest limit of the channel and the Stoch RSI indicator is more than 80.

GRAPHIC 2: EURUSD HOURLY CHART (NOVEMBER 27, 2019)

The EURUSD pair has a raging quiet movement inside the colored channel. Today the pair is waiting for important publications from the USA. If the chart breaks the top of the channel to the upside then the upside movement will be strong and it is gainful to buy. If the chart breaks the bottom of the channel and close to the downside then the bearish movement is continued and the downtrend is very plausible.

GRAPHIC 3: XAUUSD HOURLY CHART (NOVEMBER 27, 2019)

The XAUUSD crosses MA14 to the downside and has a bearish volatile movement inside the colored channel. In fact, the USA dollar has gained confidence of investors as signs pointed to progress between the US and China on a trade truce. We can see the existence of lower high and lower low movement. If the chart breaks the long term support line in green color and close to the downside then a sell entry will be expected profitable.

guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x