Just a quick notice that I will be away this week.

I won’t be trading and therefore won’t be posting any market comments.

I wish everyone a great profitable week

and see you next Monday!

Today is Happy Thanksgiving day!

Dedicate it to your family and beloved ones. Have happy celebration with lots of gifts and surprises and fun!
Make this day memorable to everyone you love, visit your parents and old friends and tell them how special they are in your life!

Forget about Forex today. Family is everything!
Tomorrow is Friday, so you can skip trading as well (that’s what I’m going to do) and make a long holiday for people you love.

Happy holidays!

Forex fundamental overview

8:30am EST Unemployment Claims (USD)
8:30am EST Retail Sales m/m (CAD)
8:30am EST Core Retail Sales m/m (CAD)
10:00am EST Consumer Sentiment (r) (USD)

Forex technical overview

EUR-USD => If support at 1.4776 proves to be strong we should see further upside progress towards 1.4892 or even 1.4992. Later expect an downside correction towards 1.4776 - 1.4738 levels.

GBP-USD => We should see further buying activity that will push price higher towards 2.0678 or even 2.0829 presuming that support at 2.0602 holds sellers attacks. Later a downside correction towards 2.0602 - 2.0561 level should be seen.

USD-CHF => Slowly approaching support levels at 1.1018 and/or 1.1017 for a test. Main support around 1.0946 level.

USD-JPY => Current resistance 110.28 if broken will spark a rally, otherwise we should see a dip towards 108.95. S/L places slightly above 110.53.

EUR-JPY => While support at 162.35 or 161.83 restricts from falling lower we should see higher attempts towards 164.26. S/L slightly below 161.31.

EUR-GBP => Resistance at 0.7181 may provoke a sell off to 0.7160. Breaking above 0.7195 will spark a huge rally.

EUR-CHF => While support at 1.6394 / 1.6377 levels holds expect further upside progress to 1.6445. S/L slightly below 1.6359.

AUD-USD => One more attempt towards 0.8929, with the following sloping down to 0.8812 is expected.

USD-CAD => Currently levels of 0.9800 and 0.9829 and 0.9857 are at watch for a test. Later we should see a downtrend re-established.

Good luck in trading Forex today!

Watching Fundamentals in Forex today

6:00 am EST CBI Industrial Trends Orders (GBP)
7:00 am EST Consumer Price Index m/m (CAD)
7:00 am EST Core CPI m/m (CAD)
8:30 am EST Housing Starts (USD)
8:30 am EST Building Permits (USD)
2:00 pm EST FOMC Meeting Minutes (USD)

Forex currency technical overview

EUR-USD => 1.4658 / 1.4694 levels should put the end to current up-move. Down-move should target 1.4628 or even 1.4592 levels. Rising above 1.4724 returns buyers into play.

GBP-USD => From 2.0478 / 2.0448 expect a rise to 2.0534 / 2.0561, followed by a fall towards 2.0394.

USD-CHF => Currently targeting 1.1134 area in a sell off. Later expecting a pullback upwards to 1.1185. Breaking below 1.1117 sets seller mode.

USD-JPY => While area between 110.42 and 110.64 offers resistance we should see a fall towards 109.32 or even 108.88. Later a correction towards 110.42 or even 110.64 may take place.

EUR-JPY => Resistance area at 160.94 to 161.65 may force price to fall towards 160.22 or even lower towards 159.46.

EUR-GBP => 0.7158 - 0.7147 should see the end of current rise. Expecting a pullback to 0.7109. Breaking above 0.7169 will in in favor of buyers.

EUR-CHF => Gradual descending towards 1.6336 is expected. Later we should see a pullback up to 1.6387. Breaking below 1.6318 will favor bears side.

AUD-USD => Watching limits at 0.8996 and 0.8828. Breaking either of them will spark an acceleration in that direction.

USD-CAD => Targets at 0.9745 and 0.9653 are currently to be watched. Resistance at 0.9959 levl should hold all upside pullbacks. Breaking above 0.9917 sets buyers mode.

Good luck in Forex trading today!