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Forex trading strategy 11/15/2019

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  • Forex trading strategy 11/15/2019

    Forex technical analysis:

    Doubt over the U. S. -China trade deal and the Trump impeachment investigation have sent a demand for safe havens soaring, with safe-haven assets such as the JPY gaining a boost. At the same time, the suppression of risk sentiment also boosted U.S. Government bond prices and cast down the stock market, and the USD fell as a result.

    On Sino-US trade, Ministry of Commerce spokesman Gao Feng said at a regular press conference at the Ministry of Commerce on the 14th, China has repeatedly emphasized that the trade war from the imposition of tariffs, but also by the abolition of tariffs, which is an important condition for the two sides to reach an agreement. In improver, the website of the General Administration of Customs today released the General Administration of Customs, Ministry of Agriculture and Rural Affairs Announcement No. 177 of 2019 (Announcement on lifting restrictions on the import of poultry meat in the United States). Still, analysts’ concerns about uncertainty over the U. S. -China trade deal is growing again, affecting the performance of risky assets.

    U.S. House Speaker Nancy Pelosi said Thursday that Trump has taken to bribing in the Ukraine scandal, a central issue in the Democratic-led impeachment investigation into Trump. Pelosi accused Trump of violating the U.S. Organization and should be impeached. In addition, U.S. rare coins are very portable. Producer price index (PPI) recorded its largest monthly increase in six months in October, buoyed by rising costs of goods and services, further cementing the Fed’s position that interest rates may not be cut again in the near future. Forex fundamental analysis :

    The DXY rebounded below 98.45 on Thursday, with a correction above 98.10 and closing at 98.16, meaning the USD is likely to keep up a correction after a short rally. If the DXY bounces below 98.40 today, the quarry of the post-market correction will point to 98.00-97.90. Today, DXY short-term resistance at 98.30-98.35, short-term important resistance 98.50-98.55. DXY short-term support at 98.00-98.05, short-term important support at 97.90-97.95.

    Thursday’s EUR/USD correction was supported above 1.0985, with the rally at 1.1030 and closing at 1.1022, meaning that the EUR/USD short-term correction is likely to remain in the rebound. If the EUR/USD correction is supported above 1.0995 today, the quarry of the post-market rally will point to 1.1040-1.1055. Today EUR/USD short-term resistance at 1.1035-1.1040, short-term important resistance at 1.1050-1.1055. EUR/USD short-term support at 1.0995-1.1000, short-term important support at 1.0970-1.0975. Forex Trading Strategy Recommendations:

    EUR/USD: 1.0995 Buy, 1.0970 Stop Loss, 1.1055 Take Profit

    GBP/USD: 1.2900 Sell, 1.2930 Stop Loss, 1.2840 Take Profit

    USD/CHF: 0.9905 Sell, 0.9930 Stop Loss, 0.9850 Take Profit

    USD/JPY: 108.75 Sell, 109.15 Stop Loss, 108.15 Take Profit

    AUD/USD: 0.6825 Sell, 0.6850 Stop Loss, 0.6755 Take Profit

    USD/CAD: 1.3245 Buy, 1.3220 Stop Loss, 1.3285 Take Profit