Overview of the Forex currency market as of November 16, 2023

Hello. Tomorrow there will be no analytics for November 17, 2023 due to technical reasons; we will continue on Sunday. And below we’ll see what you can pay attention to when trading tomorrow 11/16/2023


On the USDCHF pair we achieved the goals we set and formed a pattern Doji. I’m not in the mood to buy yet, but we can give an upward correction. I think it will be possible to look for new sell signals in the area of ​​0.8953, with the expectation of updating the current low and then falling to the level of 0.8744. In the transaction statistics there is a good advantage of buyers, which should contribute to a fall in prices.


On the GBPUSD pair there is an Inner bar pattern. I consider the downward movement as corrective to the area of ​​1.2377. There you can look for new Price Action signals for purchases, with the old targets of 1.2547 and the 50% level slightly higher.


Gold showed good growth in the FVG 1977.18 area and formed a Doji pattern. Visually, the situation is similar to a bearish one. But in the overall picture of what is happening, I am not ready to consider sales here yet. If given the opportunity, I will look for new purchases in the area of ​​1949.20, with the expectation of updating the last maximum of 2009.33.

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