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GBP/USD Price Analysis: Bulls are solid after a Symmetrical Triangle breakout above 1.1900

A breakout of a symmetrical triangle states an expansion in volatility that results in wider ticks and heavy volume. Advancing 20-and 50-EMAs indicate more upside ahead. The RSI (14) has shifted into the bullish range of 60.00-80.00, which adds to the upside filters. The GBP/USD pair has refreshed its three-day high at 1.1903 in the

GBP/USD Price Analysis: Bulls are solid after a Symmetrical Triangle breakout above 1.1900

A breakout of a symmetrical triangle states an expansion in volatility that results in wider ticks and heavy volume. Advancing 20-and 50-EMAs indicate more upside ahead. The RSI (14) has shifted into the bullish range of 60.00-80.00, which adds to the upside filters. The GBP/USD pair has refreshed its three-day high at 1.1903 in the

EUR/USD Price Analysis: Bulls poke 1.0320 hurdle to aim for 200-DMA

EUR/USD picks up bids to defend the previous day’s rebound. Convergence of the 10-DMA, one-week-old resistance line challenges buyers. Bears need validation from resistance-turned-support stretched from early October. Oscillators seem running out of bullish bias as buyers brace for another battle with the 200-DMA. EUR/USD prints mild gains around 1.0320 as buyers keep the previous

EUR/USD Price Analysis: Bulls poke 1.0320 hurdle to aim for 200-DMA

EUR/USD picks up bids to defend the previous day’s rebound. Convergence of the 10-DMA, one-week-old resistance line challenges buyers. Bears need validation from resistance-turned-support stretched from early October. Oscillators seem running out of bullish bias as buyers brace for another battle with the 200-DMA. EUR/USD prints mild gains around 1.0320 as buyers keep the previous

Covid-19 cases in China are spiraling toward record highs

Covid-19 cases in China are spiraling toward record highs, forcing officials to again lock down large swaths of the country. China’s capital Beijing reported 388 symptomatic new locally transmitted COVID-19 infections and 1,098 asymptomatic cases for Nov. 22, local government authorities said on Wednesday. This is compared with 274 symptomatic and 1,164 asymptomatic cases the

Covid-19 cases in China are spiraling toward record highs

Covid-19 cases in China are spiraling toward record highs, forcing officials to again lock down large swaths of the country. China’s capital Beijing reported 388 symptomatic new locally transmitted COVID-19 infections and 1,098 asymptomatic cases for Nov. 22, local government authorities said on Wednesday. This is compared with 274 symptomatic and 1,164 asymptomatic cases the

USD/CAD sees a downside to near 1.3350 amid a cheerful market mood and firmer oil prices

USD/CAD is displaying a balanced market after a downside momentum. Cheerful market mood amid expectation of slowdown in Federal Reserve rate hike pace has impacted the US Dollar. Firmer oil prices amid growing supply worries have supported the Canadian Dollar. USD/CAD is expected to deliver more downside amid anxiety ahead of the FOMC minutes release.

USD/CAD sees a downside to near 1.3350 amid a cheerful market mood and firmer oil prices

USD/CAD is displaying a balanced market after a downside momentum. Cheerful market mood amid expectation of slowdown in Federal Reserve rate hike pace has impacted the US Dollar. Firmer oil prices amid growing supply worries have supported the Canadian Dollar. USD/CAD is expected to deliver more downside amid anxiety ahead of the FOMC minutes release.

CIX 7811 en DMB 2022-11-22

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!   Daily Market Brief November 22, 2022       Here are today’s directional