[text] The US Dollar is Actually Still in a Down Trend - ValueWalk

http://ift.tt/1Rj6ENd

"In the 1st chart, US Dollar Index, one should have no problem being able to see that vs. other currencies the US Dollar has been in steady decline. That trend by my calculation is a decline of -0.86% annually across the period. It is important to note that this trend line is drawn by hand and ignores the spikes which have occurred periodically. Mathematicians will cringe at not including all the data. But, I counter that using mathematics which would include all the data including the spikes is not only misleading but it misunderstands the basis of the information presented. This data represents human activity globally and how we value trade between countries. Every day we decide a relative value of how much of ‘our work in our currency system’ we are willing to exchange for goods and services for ‘work in other currency systems’. There are periods during which market psychology dominates the long term trend, distorting the data. Hand drawn trends are the only means one has to ignore short term deviations which time shows had no long term impact. This is called Empirical Analysis."

[text] The US Dollar is Actually Still in a Down Trend - ValueWalk

[text] Kazakhstan unveils new 20,000 tenge note, leads to hyperinflation concerns - FT

http://ift.tt/1lsaxCJ

"Kazakhstan is to introduce a new banknote, following a 38 per cent drop in the value of its currency in just three months.The Kazakh central bank unveiled the new 20,000 tenge note on Monday evening, saying it would become legal tender on Tuesday December 1 - which since 2012 has been celebrated as the "Day of the First President of Kazakhstan" writes Jack Farchy in Moscow.Until now, the largest banknote was 10,000 tenge, worth about $33 at current exchange rates.The central bank said that the new note had been manufactured in 2013."

[text] Kazakhstan unveils new 20,000 tenge note, leads to hyperinflation concerns - FT

[text] IMF approves China's yuan as reserve currency - Al Jazeera

http://ift.tt/1lsawih

"The International Monetary Fund has approved China's yuan into its elite reserve currency, in a decision described as "an important milestone" for the world's second largest economy.With the decision, the yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the list of currencies the IMF uses as an international reserve asset.Christine Lagarde, IMF managing director,*called the decision "an important milestone in the integration of the Chinese economy into the global financial system"."It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China's monetary and financial systems," she said."

[text] IMF approves China's yuan as reserve currency - Al Jazeera

Short Term Technical Analysis for Majors (11:00 GMT)

EURUSD

The Euro probed above 1.06 barrier, on a bounce from yesterday’s marginally lower low at 1.0556. Current action is seen as consolidation and preceding fresh bears towards initial target at 1.0519 and key med-term support at 1.0461, low of 2015, posted in Mar, in extension.
Bearish resumption, on violation of the latter, is seen as likely s/t scenario, as overall bears remain firmly in play.
Near-term consolidation faces good resistance at 1.0628, falling daily 10SMA, which is expected to ideally cap, guarding descending daily 20SMA, currently at 1.0693, reinforcing 1.0688 pivot, spike high of 25 Nov.

Res: 1.0617; 1.0628; 1.0690; 1.0737
Sup: 1.0576; 1.0556; 1.0519; 1.0500







GBPUSD

Cable bounced strongly after cracking psychological 1.50 support yesterday and regained levels above 1.51 handle, on today’s fresh bullish acceleration.
Near-term technicals regained traction on current rally, which so far holds under pivotal barrier at 1.5134, 25 Nov lower top / near Fibonacci 38.2% of 1.5334/1.4992 descend, reinforced by falling daily 10SMA.
Sustained break here is required to give initial signal of stronger correction, as daily slow Stochastic reversed from oversold zone and heads north, showing more room for corrective action.
However, strong resistance zone lies ahead, consisting of falling daily 20SMA at 1.5164 and weekly Ichimoku cloud base at 1.5188, which lies just under Fibonacci 61.8% of 1.5334/1.4992 and is expected to limit extended rallies, ahead of renewed attack at 1.50 pivot.
Near-term consolidative actions are seen ahead of renewed attempts higher, while return below 1.5048, session low, would signal an end of corrective phase.


Res: 1.5124; 1.5134; 1.5164; 1.5188
Sup: 1.5075; 1.5028; 1.4992; 1.4950






USDJPY

The pair regains 123 zone, after overnight’s sharp fall to 122.62, where footstep was found.
Near-term technicals are in neutral mode, while daily bulls remain intact and keep focus at the upside.
Brief break below rising daily 20SMA, which maintains ascend from 122.24 higher low, so far did not affect overall bullish structure. Repeated daily close above 20SMA, to keep intact near-term upleg from 122.24, for fresh attack at 123.32, yesterday’s high and extension towards key near-term barrier at 123.74, 18 Nov high.
Conversely, fresh attempts lower and daily close below 20SMA, currently at 122.80, would sideline immediate upside attempts and signal extended consolidation.
Session low at 122.62, offers initial support, guarding 122.24/20 breakpoint.

Res: 123.32; 123.59; 123.74; 124.50
Sup: 122.80; 122.62; 122.20; 121.56








AUDUSD
Aussie accelerated on RBA overnight, triggering fresh recovery extension, signaled by yesterday’s Bullish Engulfing pattern. Fresh strength emerged above daily Ichimoku cloud top at 0.7214, to peak ticks away from psychological 0.7300 barrier.
Strong bullish setup of daily studies, favors further upside, after near-term consolidation phase, left higher base at 0.7160 zone.
Focus is shifting towards key 0.7380 barrier, peak of 12 Oct, regain of which is needed to confirm higher low at 0.7020 and signal resumption of recovery from 0.6906, low of 04 Sep.
Hourly higher low at 0.7253, offers initial support, ahead of daily cloud top at 0.7214, which is expected to contain extended corrective dips.

Res: 0.7300; 0.7361; 0.7380; 0.7435
Sup: 0.7253; 0.7220; 0.7214; 0.7168

Short Term Technical Analysis for Majors (11:00 GMT)

Windsor Brokers - Short Term Technical Analysis for Majors (11:00 GMT)

EURUSD

The Euro probed above 1.06 barrier, on a bounce from yesterday’s marginally lower low at 1.0556. Current action is seen as consolidation and preceding fresh bears towards initial target at 1.0519 and key med-term support at 1.0461, low of 2015, posted in Mar, in extension.
Bearish resumption, on violation of the latter, is seen as likely s/t scenario, as overall bears remain firmly in play.
Near-term consolidation faces good resistance at 1.0628, falling daily 10SMA, which is expected to ideally cap, guarding descending daily 20SMA, currently at 1.0693, reinforcing 1.0688 pivot, spike high of 25 Nov.

Res: 1.0617; 1.0628; 1.0690; 1.0737
Sup: 1.0576; 1.0556; 1.0519; 1.0500







GBPUSD

Cable bounced strongly after cracking psychological 1.50 support yesterday and regained levels above 1.51 handle, on today’s fresh bullish acceleration.
Near-term technicals regained traction on current rally, which so far holds under pivotal barrier at 1.5134, 25 Nov lower top / near Fibonacci 38.2% of 1.5334/1.4992 descend, reinforced by falling daily 10SMA.
Sustained break here is required to give initial signal of stronger correction, as daily slow Stochastic reversed from oversold zone and heads north, showing more room for corrective action.
However, strong resistance zone lies ahead, consisting of falling daily 20SMA at 1.5164 and weekly Ichimoku cloud base at 1.5188, which lies just under Fibonacci 61.8% of 1.5334/1.4992 and is expected to limit extended rallies, ahead of renewed attack at 1.50 pivot.
Near-term consolidative actions are seen ahead of renewed attempts higher, while return below 1.5048, session low, would signal an end of corrective phase.


Res: 1.5124; 1.5134; 1.5164; 1.5188
Sup: 1.5075; 1.5028; 1.4992; 1.4950






USDJPY

The pair regains 123 zone, after overnight’s sharp fall to 122.62, where footstep was found.
Near-term technicals are in neutral mode, while daily bulls remain intact and keep focus at the upside.
Brief break below rising daily 20SMA, which maintains ascend from 122.24 higher low, so far did not affect overall bullish structure. Repeated daily close above 20SMA, to keep intact near-term upleg from 122.24, for fresh attack at 123.32, yesterday’s high and extension towards key near-term barrier at 123.74, 18 Nov high.
Conversely, fresh attempts lower and daily close below 20SMA, currently at 122.80, would sideline immediate upside attempts and signal extended consolidation.
Session low at 122.62, offers initial support, guarding 122.24/20 breakpoint.

Res: 123.32; 123.59; 123.74; 124.50
Sup: 122.80; 122.62; 122.20; 121.56








AUDUSD
Aussie accelerated on RBA overnight, triggering fresh recovery extension, signaled by yesterday’s Bullish Engulfing pattern. Fresh strength emerged above daily Ichimoku cloud top at 0.7214, to peak ticks away from psychological 0.7300 barrier.
Strong bullish setup of daily studies, favors further upside, after near-term consolidation phase, left higher base at 0.7160 zone.
Focus is shifting towards key 0.7380 barrier, peak of 12 Oct, regain of which is needed to confirm higher low at 0.7020 and signal resumption of recovery from 0.6906, low of 04 Sep.
Hourly higher low at 0.7253, offers initial support, ahead of daily cloud top at 0.7214, which is expected to contain extended corrective dips.

Res: 0.7300; 0.7361; 0.7380; 0.7435
Sup: 0.7253; 0.7220; 0.7214; 0.7168

Windsor Brokers - Short Term Technical Analysis for Majors (11:00 GMT)

Wy i chose FBS :)

The main advantages of FBS are –highly qualified customer support, advantageous trading conditions

The company serves the interests of its customers. I hope FBS would improve and develop even more.

My recommendation to other trader is as follows –i advise everyone to try trading with FBS, i recommend opening an account in FBS and get a 5$ bonus, i advise other traders to take part in promotions and contests offered by FBS

Wy i chose FBS :)

Buy/Sell Trend Detector

Hello, I req the new indicator by Karl Dittmann: http://ift.tt/1XDRaDb

Buy/Sell Trend Detector