empty
16.11.2023 11:20 AM
EUR/USD and GBP/USD: Trading plan for beginner traders on November 16, 2023

Details of the Economic Calendar on November 15

Inflation data for the United Kingdom was released. The Consumer Price Index fell to 4.6%, while the expected level was 4.9%. Based on the new data, it is highly likely that the Bank of England will not raise the interest rate.

A bit later, industrial production data in the EU was released, showing an accelerated decline from -5.1% to -6.9%, worse than the forecast of -6.2%. This is a negative factor for the EU economy, which is already facing serious difficulties.

During the U.S. trading session, retail sales data in the United States were released. The growth rate slowed from 4.1% to 2.5%, while a slowdown from 3.8% to 2.1% was expected. These data not only exceeded the forecast, but also the previous indicators were revised upwards. The U.S. dollar received support from buyers based on positive statistical data.

This image is no longer relevant

Analysis of Trading Charts from November 15

The EUR/USD currency pair entered a pullback stage amid high level of overbought conditions. The level of 1.0900 serves as resistance, near which there was a reduction in the volume of long positions.

The GBP/USD currency pair shows a similar technical picture. First, there was a signal of overbought conditions for the pound, then the resistance level at 1.2500 was reached. Near this level, there is a decline in the volume of long positions, leading to a price pullback.

Economic Calendar on November 16

Today, data on unemployment benefit claims in the United States is expected to be published, where an overall increase in their indicator is predicted. Statistical data details indicate that the volume of continuing claims for benefits may rise from 1.834 million to 1.847 million, and the volume of initial claims for benefits may rise from 217,000 to 220,000.

Time Targeting

United States Jobless Claims – 13:30 UTC

EUR/USD Trading Plan for November 16

The ongoing pullback is still present in the market, which is why traders are considering a scenario of movement towards the level of 1.0800. The further course of events will depend on the price behavior near this level: whether sellers can keep the quote below it, or the level will be used as support.

This image is no longer relevant

GBP/USD Trading Plan for November 16

At the moment, the pullback has already exceeded +100 points from the level of 1.2500. In case of maintaining a downward trend during the pullback, further decline to the support level of 1.2350 is possible. Further movement will also be influenced by the price near the control level of 1.2350.

This image is no longer relevant

What's on the charts

The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.

Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.

Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.

The up/down arrows are landmarks of the possible price direction in the future.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

GBP/USD: plan para la sesión europea del 7 de mayo. Informes COT (Commitment of Traders, análisis de las operaciones de ayer). Qué esperar del Banco de Inglaterra

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico matutino presté atención al nivel 1.3335

Miroslaw Bawulski 07:39 2025-05-08 UTC+2

EUR/USD: plan para la sesión europea del 8 de mayo. Informes COT (análisis de las operaciones de ayer). La Fed sigue esperando

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico matutino presté atención al nivel 1.1379

Miroslaw Bawulski 07:39 2025-05-08 UTC+2

GBP/USD: plan para la sesión europea del 2 de mayo. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra en una situación complicada

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió allí. En mi pronóstico matutino presté atención al nivel 1.3282

Miroslaw Bawulski 07:32 2025-05-02 UTC+2

EUR/USD: plan para la sesión europea del 2 de mayo. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El dólar reacciona a cualquier dato positivo

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió allí. En mi pronóstico matutino presté atención al nivel 1.1320

Miroslaw Bawulski 07:32 2025-05-02 UTC+2

GBP/USD: plan para la sesión europea del 30 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra se prepara para un nuevo salto, pero ¿hacia dónde?

GBP/USD: plan para la sesión europea del 30 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra se prepara para un nuevo salto, pero

Miroslaw Bawulski 08:13 2025-04-30 UTC+2

EUR/USD: plan para la sesión europea del 30 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro se prepara para una fuerte sacudida

Ayer se formó solo un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que sucedió allí. En mi pronóstico de a mañana presté atención

Miroslaw Bawulski 08:13 2025-04-30 UTC+2

GBP/USD: plan para la sesión europea del 29 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra actualiza el máximo mensual

Ayer se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico matutino presté atención al nivel de 1.3342

Miroslaw Bawulski 07:40 2025-04-29 UTC+2

EUR/USD: plan para la sesión europea del 29 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro muestra un ligero crecimiento

Ayer no se formaron puntos de entrada al mercado. Propongo echar un vistazo al gráfico de 5 minutos y analizar lo que ocurrió. En mi pronóstico matutino, presté atención

Miroslaw Bawulski 07:40 2025-04-29 UTC+2

GBP/USD: plan para la sesión europea del 28 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra formó un nuevo canal, manteniendo las posibilidades de crecimiento

GBP/USD: plan para la sesión europea del 28 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra formó un nuevo canal, manteniendo las posibilidades

Miroslaw Bawulski 08:15 2025-04-28 UTC+2

EUR/USD: plan para la sesión europea del 28 de abril. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro se negocia en un canal

El pasado viernes no se formaron puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos qué ocurrió. En mi pronóstico matutino presté atención al nivel 1.1391

Miroslaw Bawulski 08:15 2025-04-28 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.