What is Forex Analysis?

Forex analysis is the study of determining whether to buy, sell or wait to trade a currency pair. Currencies traded in pairs, with exchange rates based on the price of one currency relative to another, for example USDEUR = USD Vs Euro

SUMMARY

  • The dollar is again falling near its lowest level in 2 and a half years, as progress towards approval of the US stimulus package and the Dollar has sunk through the main level of support and is ready for the week of the month, as its accelerated downturn serves to serve as market participants’ short term selloff sentiment. easy ‘in this holiday period
  • The dollar’s short-term position is not far below the bottom nine years ago, and market sentiment in the last few weeks reporting on vaccines, progress on Brexit talks, and US stimulus negotiations and all just watching the dollar’s bearish trend If there is a US fiscal deal and a Brexit deal before Christmas, there will be no impediment to the bearish trend
  • Currency movements are at risk, especially Pound will remain volatile in the near term until further clarification of the talks comes out. A market in December that is thin can increase the risk of currency movements that are too large, making downside risk bigger. In fact, sentiment on the basis of Brexit fundamentals began to fade, and the signal was in yesterday’s trading session with equity flowing into Bitcoin

Market EURUSD Analysis

The 1.2271 area is a signal to continue the bullish trend in Euro, on the other hand, the 1.2213 area becomes a correction signal, closing below the 1.2194 (MA25) area target to the 1.2124 area. Buy levels : 1.2145-1.2175 Cutloss : 1.2110, Sell levels : 1.2260-1.2290 Cutloss : 1.2323

Strong Support : 1.2194
Strong Resistance : 1.2272

Market GBPUSD Analysis

Sentiment driving Pound is starting to fade, if it breaks the 1.3623 area and closes above that area the bullish trend continues to target 1.3666, otherwise the 1.3517 (MA15) area signals the weakening of the pound, breaks and closes below the 1.3476 (MA25) area, the target is the 1.3410 area. Buy levels : 1.3410-1.3444 Cutloss : 1.3375, Sell levels : 1.3560-1.3595 Cutloss : 1.3636

forex analysis 18 december 2020 src=
Strong Support : 1.3473
Strong Resistance : 1.3623

Market AUDUSD Analysis

Aussie continues to follow the ongoing ‘risk-on’ currency movement, the 0.7609 area is a sign of continued bullish Aussie trend if it closes above the 0.7638 target to the 0.7696 area, otherwise the 0.7571 area signals a weakening of the Aussie if it breaks the 0.7556 area and closes below that target area to the area of 0.7505. Buy levels : 0.7500-0.7535 Cutloss : 0.7465, Sell levels : 0.7600-0.7636 Cutloss : 0.7676

forex analysis 18 december 2020 src=
Strong Support : 0.7570
Strong Resistance : 0.7638

Market USDJPY Analysis

The 103.50 area is a sign that the Yen will weaken when it breaks and closes above the 103.90 area, the target to the 104.14 area, on the other hand, the 103.20 (MA5) area signals the strengthening of the Aussie to break and close below the 103.11 target area to the 102.80 area. Buy levels : 102.66-102.95 Cutloss : 102.40, Sell levels : 103.45-103.88 Cutloss : 104.04

forex analysis 18 december 2020
Strong Support : 103.25
Strong Resistance : 103.90

Market USDCHF Analysis

The movement of the Swiss Franc is still in the range of the strengthening area, and the bearish trend can continue if it breaks the 0.8836 area (23% on the H4 chart) and closes below the 0.8820 target area to the 0.8787 area, otherwise the 0.8855 area (50% chart H4) signals that the weakening Swiss Franc breaks and closes above the 0.8890 area target back to the 0.8929 area. Buy levels : 0.8750-0.8777 Cutloss : 0.8715, Sell levels : 0.8845-0.8888 Cutloss : 0.8919

forex analysis december 18 2020
Strong Support : 0.8825
Strong Resistance : 0.8855

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The rate and other information rendered herein by education & analysis PT Soegee Futures has been obtained from sources we believe reliable, but we can’t represent that they are complete and accurate. We are not responsible to any offer to sell or solicitation of an offer to purchase base on the rate and information contained  

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