Forex market reviews

Market sessions

10:35 (GMT+3)

EURUSD: euro bulls await European Commission's decision on Italy's draft budget

On Tuesday the 20th of November, trading on EURUSD closed down. Three bearish movements of 50 pips each were observed during the day. The overall fall amounted to about 1% (from 1.1472 to 1.1359). The fall was facilitated by the overall strengthening of the US currency in response to investors opting to flee from risk and uncertainly around the situation surrounding Italy, which doesn't want to make changes to its budget.

Media reviews

Tina Pham

18:32 (GMT+3)

With Carney warning of 1970s-style shock, UK firms ready for no-deal Brexit (news: 20/11/18)

LONDON (Reuters) - Companies began triggering plans to keep operating if Britain leaves the European Union without an agreement, a “no deal” scenario the Bank of England said could plunge the economy into a crisis not seen since the 1970s.

Market sessions

Tomasz Wisniewski

16:47 (GMT+3)

Daily analytical report (20/11/18)

Data cannot be shown.

EURUSD started with a false breakout pattern then had a denied flag and a breakout of the mid-term downwards trend line, NZDUSD started with a triple bottom formation, then used the momentum from this formation to climb above the 38.2% Fib, and lastly panic selling on bitcoin is accelerating.

Market sessions

Matthew Anthony

10:34 (GMT+3)

EURUSD: bulls attempt to reach 180 degrees

On Monday the 19th of November, the euro strengthened against the US dollar to 1.1464. The main driver of this increase was the overall weakening of the US currency, caused by a drop in US 10-year bond yields, as well as an increase in the euro/pound cross-pair.

Market sessions

Tomasz Wisniewski

10:30 (GMT+3)

AUDUSD: testing the broken neckline

One of the best looking setups among major pairs can be seen on AUDUSD, where we have a beautiful reversal pattern, and according to price action rules, we should soon see a further rise.

Market sessions

Tomasz Wisniewski

10:16 (GMT+3)

CADCHF: inception!

This piece will be about an instrument which is far from being the most popular. Despite the fact that it's a minor pair, we have an interesting technical situation here, which I can easily call 'Inception'.