Daily Market Insight

SMART TRADING. SMART TRADERS

MARKET ANALYSIS

UPDATED: WED, NOV 25, 2020

GMT 00:10

ANALYZE – The current forex market and understand what has happened and what is currently driving the forex markets.

Market Insight

Market Conditions

november, 2020

23novAll DayGood - Majors trading technically very well, Geopolitics lingering(All Day)

Market Driver

november, 2020

25novAll DayVaccine Hopes creating a Risk-On sentimentIMPACT: GLOBAL FX, EQUITY & BOND MARKETS(All Day)

#TRADEWITHTHEMARKET

PLAN – Identify the direction and optimal entry levels before deciding upon a trading strategy and trade execution tool.

Instrument

LT Trend

ST Momentum

ST Status

Closest Level

USD Index

USDJPY

USDCAD

USDCHF

EURUSD

GBPUSD

AUDUSD

NZDUSD

Bearish

Bearish

Bearish

Bearish

Bullish

Bullish

Bullish

Bullish

Sideways

Up

Down

Sideways

Sideways

Up

Up

Up

Approaching

No Man’s Land

Drifting Lower

Pressure Building

Pressure Building

Continuing

Continuing

Continuing

S 92.00 D

S 103.30 D

R 1.3250 D

R 0.9149 D

R 1.1903 H

S 1.3284 H

S 0.7286 H

 S 0.6921 H

Potential Trading Opportunity

Forecast – BEARISH

Date Posted:       25th Nov 2020

Currency Pair:     USD INDEX

LT Trend: DOWN

Forecast Move:    DOWN

Break Level:    92.00

Potential Opportunity

Trade Action:   SELL A BREAK

Entry                  91.88

Stop Loss          92.18     -30 pips

Take Profit       90.68    +120 pips

Wednesday 25th Nov – USD Index – USD falls on Vaccine & Stimulus hopes

The USD Index popped topside Monday taking out short term stop loss orders above 92.40. The hope for a covid vaccine along with a potential stimulus package has sucked the life out of the “USD safe-haven trade”. It’s created a significant “Risk-On” profile that may continue should the news point towards the release of a vaccine.

Large stop loss orders are building on the USD below 92.00. All we need to do it sit back and wait for the break and let it go. If the break occurs after the release of fresh news then it’s a matter of letting it go with a trailing stop in place. If it breaks without any news then it may in-fact just be another short term stop loss run.

Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 30 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Forex Trading Courses, workshops & funding opportunities

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Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades all markets and all timezones.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

Forex Trading Courses, workshops & funding opportunities

Get Funded
Join our Forex T4TCapital Trading Programme and let us run the risk!
Get Educated in your own time and learn how the bankers trade.
Our Complete Online Forex Trading Course is the ideal starting point for all traders, both beginners and veterans .
Make trading a full-time career
Our Fast Track Forex Trading Workshops will take you from the beginning to being a full time trader in 5 days.