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

2023年6月30日英鎊/美元交易建議與分析:冷的北方比溫暖的南方更好

星期五,英鎊兌美元貨幣對在強勁上漲後僅出現輕微調整。我們再次觀察到市場似乎沒有意願從多頭頭寸中獲利了結或開倉做空。

Paolo Greco 07:07 2025-06-30 UTC+2

2023年6月30日EUR/USD交易建議與分析:高位再度進入盤整階段

週五,歐元/美元貨幣對保持不變。我們再次觀察到這樣一種情況,即價格上升(通常大幅上升)一段時間後便靜止不動。

Paolo Greco 07:07 2025-06-30 UTC+2

如何在6月30日交易英鎊/美元貨幣對?初學者簡單交易技巧與分析

週五,英鎊/美元貨幣對也相對平穩地交易。然而,與歐元/美元不同的是,交易者似乎不需要對英國的宏觀經濟數據做出反應。

Paolo Greco 06:02 2025-06-30 UTC+2

如何在6月30日交易歐元/美元貨幣對?新手的簡單技巧和交易分析

在星期五,歐元/美元這對貨幣組合並未出現顯著波動。由於缺乏新聞和宏觀經濟數據發布,大部分時間價格維持在橫盤區間。

Paolo Greco 06:02 2025-06-30 UTC+2

GBP/USD:6月27日美國交易時段交易計劃(上午交易回顧)

在我的早間預測中,我強調了1.3720水準,並計劃根據該水準來做出交易決策。讓我們來看看5分鐘圖,分析一下所發生的情況。

Miroslaw Bawulski 13:06 2025-06-27 UTC+2

EUR/USD:6月27日美國時段交易計劃(上午交易回顧)

在我早上的預測中,我強調了1.1709這一水準,並計劃根據該水準來做出交易決策。讓我們來看看5分鐘圖表,分析一下發生了什麼。

Miroslaw Bawulski 13:01 2025-06-27 UTC+2

如何在6月27日交易英鎊/美元貨幣對?新手必看的簡單技巧和交易分析

週四,英鎊/美元匯率依然保持上升趨勢,而大西洋彼岸的重要發展也不在少數。 首先,Donald Trump 重新對美聯儲發起攻擊,但由於無計可施,他能想到的最好辦法就是宣布準備選擇新的美聯儲主席。

Paolo Greco 06:42 2025-06-27 UTC+2

如何在6月27日交易歐元/美元貨幣對?初學者的簡單技巧和交易分析

星期四,歐元/美元貨幣對大多數時間維持橫盤整理,雖然略有上升趨勢。小時圖的上升趨勢仍然保持完好。

Paolo Greco 06:42 2025-06-27 UTC+2

2023年6月27日英鎊/美元的交易建議和分析:英鎊再次飆升

週四,英鎊兌美元的貨幣對持續著自週一開始的上升趨勢。實際上,幾乎沒有中斷,英鎊在短短四天內激增了350個點。

Paolo Greco 03:41 2025-06-27 UTC+2

2023年6月27日EUR/USD交易建議和分析:特朗普再次打擊美元

歐元/美元貨幣對在週四持續展現強勁的上升趨勢。歐元的新一輪增長始於週三晚間,並持續到週四夜間。

Paolo Greco 03:41 2025-06-27 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.