We have many
important events, the most important being the decline of the Republican Party
in the US midterm elections, which will affect the chances of the US President
to remain a strong president, so the President may not receive the necessary
support to continue its economic policy
Analysis of the
dollar index for November 7, 2018
The dollar index is
rebounding from 95.95, the lowest level recorded this week. The breach was
confirmed, targeting 96.26 and trading stability above that level will push the
dollar index to the initial resistance levels 96.38
We recommend buying
the dollar index from 96.15 stop loss 95.46 making the first profit 96.38
making the second profit 96.45
The beginning of the
opening of short positions from 96.57
CHF JPY Technical
Analysis for November 7, 2018
The pair failed to
breach the second resistance at 113.54 with a clear negative bias on the time
frame, the pair can sell from 113.10 stop at 113.603 and take profit at 112.700
Euro JPY Analysis for
November 7, 2018
The pair maintained
its highest trading position 129.31 with positive price behavior, targeting the
pair to exceed the second resistance at 129.81 which we may see in the coming
hours
The pair is based on
strong support at 128 so we recommend buying the pair from the current levels
129.52 with a stop loss at 128 and take a first profit at 130.15 and take a
second profit at 132.00
EUR / NZD Analysis
for November 7, 2018
The pair is
rebounding from its low levels this week with positive signs on the MACD. The
pair is based on strong support at 1.6790 and could target 1.70 levels in the
coming hours, breaching that level will push the pair to test the second
resistance zone at 1.715
We recommend buying
the pair from the current stop loss at 1.67100 and taking profit at 1.71500
EUR / USD Analysis
for November 7, 2018
The pair kept trading
at the highest level of 1.1435 and is currently targeting the breach of the
third resistance level at 1.1464 while the strongest support remains at 1.137
We currently prefer
to enter the long term buy with a stop loss at 1.13500 and take the first
profit at 1.14652
Be noted that we
expect the pair to move to try to reach the 1. October levels at 1.155 to
target 1.18 levels
GBP USD Analysis
November 8, 2018
The pair seems to be
on the rise supported by positive news about the UK
exit negotiations and current political problems in the United States
Technically the pair
is based on strong support at 1.298 and the third resistance target moves at
1.316
We would prefer to
enter into a long long term buyout with a stop loss at 1.26939 while we remain
targets at 1.43084 areas which are expected due to the current political
conditions and the same levels of last April that we confirmed that the pair
will target again before the end of the year
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