Daily analytical report (24/11/16)

2016-11-24T15:59:18
  • Durable goods orders lifted USD and crashed gold.
  • Thanksgiving Day, so markets are muted and trading is quiet.
  • As it often happens, most investors are closing their positions and capturing profits from the recent movements and that is why we can see correction movement for most instruments.
  • EURUSD is creating a hammer on an important long-term support. Good R:R ratio here.
  • USDCHF already had 4 of the same corrections in a row, now we’re waiting for the 5th.
  • NZDCAD needs to climb 60 pips higher to create a nice mid-term buy signal.

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