Analysis of trading opportunities for December 2, 2020

 





AUD NZD

The pair is now moving up from the bottom of the demand area towards 1.04970, trying to rise above the 100-day moving average to confirm the pair's ability to re-target 1.05469 and break the downtrend with clear positivity on momentum and relative strength indicators, so we expect the pair to succeed during the trading this week. To climb above 1.05469 - 1.06275

 

 

 EUR CHF

The pair failed to rise above the top of 1.0871 with negativity on the RSI and momentum indicators, but it is still above the 100-day moving average, so we expect a test 1.08212, if the pair succeeds in stabilizing above that area, it will target the broken top 1.08712, while any lower drop at 1.08212 will push the pair towards 1.0790

 

 

USD CHF

The pair is now trying to rise above the 30-day moving average, with trading remaining above the demand area of 0.8979 with positive on the RSI and momentum indicators, so we expect the possibility to return to trading above 0.9034, and by rising above it will target 0.909

 

 

USD CAD

The pair managed to maintain its trading above the bottom of the demand area at 1.2915 with positive on the RSI and momentum indicators, but it is still below the 30-100 day moving averages while trying to rise towards 1.3029, so we prefer to remain neutral and buy when rising above the 100-day moving average while setting levels The stop loss is below the bottom of the demand area, and targets remain around 1.3110

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Analysis of trading opportunities for December 2, 2020 Analysis of trading opportunities for December 2, 2020 Reviewed by DR HISHAM M YOUNES on December 02, 2020 Rating: 5

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