Technical Analysis for November 25, 2014

EUR/USD tried to break under 1.235 but stopped at 1.236. Currently EUR/USD has rebounce to 1.244 level and trying to touch 1.25 again. If it breaks 1.25 then it will target 1.26 next and if it breaks lower under 1.235 then it will target 1.225 next.

 

EUR/GBP tried to shake off 0.79 level and breaks even lower. Although near term no bigger movement expected, a break under 0.7875 will target 0.78 next. And a rebounce to 0.8 level will bring EUR/GBP to price stability around 0.793 – 0.804 level again.

 

EUR/JPY has retraced above 147 level and this will make EUR/JPY enter sideways. A break higher than 148 will resume the uptrend but a break lower than 145.5 will target 144 next.

 

EUR/CHF has tried to break both into higher and even lower but eventually failed. Currently EUR/CHF still not moving from their last trading range around 1.2 – 1.203. No big movements are expected and EUR/CHF should stay in this trading range.

 

GBP/USD tried to break 1.572 line and currently trading around 1.57 area. A break will target 1.58 next and a lower leg under 1.56 will target 1.55 next. GBP/USD still stucked at trading range from 1.564 level – 1.573 level.

 

USD/JPY tried to break 118.3 level and the next target will be 120. Currently USD/JPY has resumed the uptrend again and a lower leg under 117.5 will target 116 next. Long term uptrend in this pair still intact.

 

USD/CAD has break over 1.13 level and this will bring back USD/CAD into 1.13 – 1.136 trading range. After a lower leg to 1.12 it will target 1.114 next. Big volatility in this pair will make many break expectations. A break higher than 1.14 will resume the long term uptrend.

 

USD/CHF has tried to target 0.973 and a reversed to 0.9667. A further lower breaks to 0.96 level will bring back to price in 0.955 – 0.962 area. USD/CHF possesses another reversal risk due to the volatility.

 

AUD/USD trapped in a trading range around 0.856 – 0.872 level for now. A break higher to 0.873 will target 0.88 and a lower keg under than 0.855 will target 0.85 next. The last movement simply retraced Friday’s movement.

 

The NZD/USD pair breaks lower under 0.79 level and currently is trading around 0.784 – 0.793 level. A higher break above 0.795 will target 0.8 next but a lower break under 0.78 will target 0.777 next.

 

 

Trading Events (GMT) :

01:00 AM (JPY) BOJ Gov Kuroda Speaks
02:00 AM (NZD) Inflation Expectations
07:00 AM (EUR) German Final GDP
09:00 AM (EUR) Italian Retail Sales
09:05 AM (AUD) RBA Deputy Gov Lowe Speaks
10:00 AM (GBP) Inflation Report Hearings
01:30 PM (CAD) Core Retail Sales
01:30 PM (CAD) Retail Sales
01:30 PM (CAD) Corporate Profits
01:30 PM (USD) Prelim GDP
01:30 PM (USD) Prelim GDP Price Index
02:00 PM (USD) HPI
02:00 PM (USD) S&P/CS Composite -20 HPI
03:00 PM (USD) CB Consumer Confidence
03:00 PM (USD) Richmond Manufacturing Index

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