Analyst's view of the Forex market as of 11/13/2023

Hello. Below are several recommendations for trading on the Forex market on 11/13/2023


On the EURUSD pair we continue to move around the level 1.0667 and formed the Inside Bar pattern. I haven’t been able to gain a foothold under the level yet, so I won’t change my plans for now. We'll see how the market opens and what we'll show on Monday. But in general, everything is the same, I’m waiting for the resumption of growth here. Buy targets are at 1.0765 and then just above FVG 1.0808.


The GBPUSD pair dropped to the second correction level of 1.2225 and formed a Doji pattern. Here, too, everything remains the same. I will watch intraday purchases, with the expectation of renewed growth. Goals for purchases are the level of 1.2547 and slightly higher the 50% level of 1.2588.


On a pair of USDCAD engines We work within the framework of FVG and formed a Pin Bar pattern. Of course, the large predominance of sellers in transaction statistics is confusing. But judging by the overall picture, I will remain for now with the same opinion that you can take a closer look at the sales here, with the expectation that the price will fall. Selling targets can be set at the low of 1.3628, and then at the next 1.3568.

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