Daily analytical report (25/11/16)

2016-11-25T15:06:11
  • Take profit action on the market continues. It was initiated yesterday but today we can see the first results.
  • EURUSD breaks two week downtrend line and tries to extend the correction.
  • USDCHF is about to make a 5th identical correction in a row, all they need is an upswing; the problem is that they need that exactly now.
  • Gold and silver could create a bullish engulfing on the daily chart being at an important support. That could initiate a deeper correction.
  • EURCHF with a shooting star bouncing from a long-term horizontal resistance. This can be considered as a strong sell signal; only if there was no SNB around.

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