Weekly Watch List - 27th November 2017

EURUSD- Bullish trend

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Confirmed Bullish Trend on Daily timeframe as above all Moving Averages. Bullish Candlestick has closed above round number 1.19. Further resistance at 1.2, we will be awaiting a pullback at areas of confluence.

We will be waiting for price to pullback to either 1.19 or support level 1.185. Awaiting Price Action Signal on the 4 hourly timeframe.

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GBPUSD- Bullish trend

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GBPUSD is trading above long-term moving average. Previous resistance has now turned into support at 1.33 as price has closed above this level.


4 hour chart shows 2 price has tried to break resistance at 1.13 on two occasions. Price has created Higher Highs and Higher Lows which as broken through resistance. We will be anticipating another retest at 1.13 this week to confirm the uptrend.

S&P 500- Bullish Trend


S&P 500 has been in a strong uptrend for a long period of time. Price has been trading in a linear motion above all key moving averages with shallow pullbacks.

Above we have circled multiple rejections along the moving average level, this confirms the buyers are in full control in the market. Awaiting further signals to compound on current positions.