News and Market Analysis

Todays Directional Views: Currencies Weaker Across the Board
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USD weaker and all majors follow suit

What currencies are set to rebound?

All major currencies weaker across the board excluding the Pound. Here are some of today’s directional views in currencies, crypto and Gold from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Subscribe to receive our daily newsletter.

The U.S. dollar dropped 0.12pts to 95.8.

EUR/USD was flat at 1.132. In Europe, the eurozone’s final reading of October’s consumer price index was up 0.8% month over month, as forecasted.

GBP/USD jumped 62pips to 1.3492. In the U.K., the consumer price index grew 1.1% month over month in October, vs 0.8% expected.

AUD/USD dropped 38pips to 0.7265.

USD/JPY declined 69pips to 114.13.

USD/CHF fell 18pips to 0.9282 and USD/CAD gained 52pips to 1.261.

Bitcoin traded lower to $59934 while Ethereum decreased to $4228.


GBP/USD intraday: the upside prevails as long as 1.3459 is support

Our pivot point is at 1.3459.

Our preference:
The upside prevails as long as 1.3459 is support.
Alternative scenario:
Below 1.3459, expect 1.3425 and 1.3405
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3473 and 1.3447).
Analyst Views Chart

AUD/USD intraday: the downside prevails as long as 0.7286 is resistance

Our pivot point is at 0.7286.

Our preference:
The downside prevails as long as 0.7286 is resistance
Alternative scenario:
The upside breakout of 0.7286, would call for 0.7312 and 0.7327.
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.7275 and 0.7283).
Analyst Views Chart

Gold intraday: as long as 1857 is support look for 1882.50

Our pivot point stands at 1857.00.

Our preference:
As long as 1857 is support look for 1882.50
Alternative scenario:
The downside breakout of 1857 would call for 1847.50 and 1841.50.
Comment:
The RSI is above 50. The MACD is positive and below its signal line. Prices could retrace in the short term. Gold is above its 20 and 50 period moving average (respectively at 1864.60 and 1858.50).
Analyst Views Chart

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