Daily analysis by DayTradeIdeas - 22/11/2023| FXMAG.COM

If this starts to play out we could fall as far as 140.00 in the coming weeks. It would be great for traders to be able to take advantage of some downside momentum in the pair.

Especially when I could show you so many dollar pairs in sideways trends...but I will not waste your time again this week!!

So it remains so difficult to find low-risk opportunities.

However, despite the AUDCHF 5 month sideways move I think it is worth a short at the Fibonacci & 5 month trend line resistance at 5820/40.

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NZDCAD breaks out of the 11 month bear trend to the upside - I have today support at 8270/40. Longs need stops below 8240.

Short term targets: 8300, 8330, 8350.

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk

Jason Sen

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