empty
20.11.2023 10:30 AM
EUR/USD and GBP/USD: Trading plan for beginner traders on November 20, 2023

Details of the Economic Calendar on November 17

Retail sales in the UK reflected an acceleration in the pace of decline from -1.3% to -2.7%, but these figures had virtually no impact on the value of the British pound. It is worth noting that these data are not just weak; they came out worse than expected, as a decline to -2.4% was anticipated. Meanwhile, the market seemed to overlook these negative statistical data.

The final data on inflation in the EU confirmed the preliminary estimate at the level of 2.9%. This indicator had already been factored into the quotes, thus the lack of market reaction.

What led to sharp price changes during Friday?

Representatives of the Federal Reserve System delivered speeches on Friday. Almost all heads of the Federal Reserve Board unanimously stated the need to halt the tightening of monetary policy, thereby confirming investors' expectations of the imminent start of an interest rate reduction cycle.

Based on this information, traders increased the volume of short positions on the U.S. dollar.

This image is no longer relevant

Analysis of Trading Charts from November 17

The EUR/USD currency pair ended a three-day consolidation with an upward impulse, leading to an increase in the volume of long positions and prolonging the upward cycle.

The GBP/USD pair completed a correction stage with a phased increase in the volume of long positions. As a result, the quote returned to the area of the local high, where the resistance level of 1.2500 is located.

Economic Calendar on November 20

Monday, as usual, is accompanied by an empty macroeconomic calendar. The publication of important statistical data in the European Union, the United Kingdom, and the United States is not expected.

In this regard, investors and traders will likely rely on incoming news flows to make market decisions.

EUR/USD Trading Plan for November 20

In the case of further growth, movement towards the psychological level of 1.1000 is possible. This price step will indicate the recovery of the euro's value relative to the decline during the summer. However, if the price returns below the level of 1.0900, the volume of long positions may decrease, which, in the theory of technical analysis, could lead to a pullback formation.

This image is no longer relevant

GBP/USD Trading Plan for November 20

For further growth in the value of the British currency, the quote needs to stabilize above the level of 1.2500. In this case, further growth in the volume of long positions is possible, based on which a phased recovery of the pound's value is allowed.

This image is no longer relevant

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

Gven Podolsky,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

如何在4月2日交易英鎊/美元對? 初學者簡單技巧和交易分析

週二,英鎊/美元貨幣對繼續在一個窄幅區間內交易,就像過去幾週一樣。英國和美國的宏觀經濟背景幾乎沒有對這對貨幣的日內波動造成任何影響。

Paolo Greco 06:25 2025-04-02 UTC+2

如何在4月2日交易歐元/美元貨幣對?初學者的簡單技巧和交易分析

在週二,EUR/USD 貨幣對繼續以過去幾週相同的模式進行交易。這意味著什麼?相對較弱的波動、頻繁的回撤和修正,沒有明確的日內方向,整體上令人困惑。

Paolo Greco 06:25 2025-04-02 UTC+2

2023年4月2日英鎊/美元交易建議與分析:市場持續休整

週二,英鎊/美元貨幣對繼續像過去幾週一樣進行交易。過去兩週所有的價格波動都在1.2863到1.2981之間進行。

Paolo Greco 04:00 2025-04-02 UTC+2

2023年4月2日 EUR/USD 交易建議與分析:週一靜靜地滑入週二

週二,歐元/美元貨幣對與週一的交易情況大致相同。昨天,我們提醒過,儘管有大量的宏觀經濟事件,但它們可能不會影響市場情緒或該貨幣對的走勢。

Paolo Greco 04:00 2025-04-02 UTC+2

GBP/USD:4月1日美國交易時段的交易計劃(早盤交易回顧)

在我上午的預測中,我強調了1.2916的水平並計劃根據該水平做出市場進出決策。讓我們來看一下5分鐘圖表並分析發生了什麼。

Miroslaw Bawulski 19:49 2025-04-01 UTC+2

歐元/美元:4月1日美國交易時段的交易計劃(晨間交易回顧)

在我的早間預測中,我強調了1.0815這一水準,並計劃根據該水準來做出進場決策。讓我們來看看5分鐘圖,分析當時發生了什麼。

Miroslaw Bawulski 19:31 2025-04-01 UTC+2

GBP/USD:3月31日美國交易時段交易計劃(早盤交易分析)

在我早上的預測中,我專注於1.2966的水平並計劃在這一水平上做出交易決策。讓我們看看5分鐘的走勢圖,分析發生了什麼。

Miroslaw Bawulski 19:52 2025-03-31 UTC+2

歐元/美元:3月31日美國交易時段交易計劃(早盤交易分析)

在我早晨的預測中,我強調了1.0829的水平,並計劃根據它來做出交易決策。讓我們來看看5分鐘圖表,看看發生了什麼。

Miroslaw Bawulski 19:50 2025-03-31 UTC+2

如何在3月31日交易GBP/USD貨幣對?新手簡單技巧與交易分析

英鎊/美元對在週五呈現橫盤整理,這與歐元/美元對的表現不同,而這相當奇特。過去幾周,英鎊一直在一個無明確界限的水平區間內波動。

Paolo Greco 03:21 2025-03-31 UTC+2

如何在3月31日交易EUR/USD貨幣對?新手的簡單技巧和交易分析

週五,歐元/美元貨幣對再次上漲。我們無法說明宏觀經濟事件合理地解釋了這一走勢。

Paolo Greco 03:21 2025-03-31 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.