Forex Trading Library

November and its Intriguing Charts – FX Majors

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A big wave of volatility has hit the Forex Market since the start of November until present.

Many wild swings occurred during this volatile month, and in doing so, the market unfolded a few essential impulses which could be intriguing.

The dollar hit a new one-year-high, while the EUR/USD currency pair tumbled towards a fresh one-year low.

Precious Metals regained some bullish confidence, while Crude Oil unfolded a massive sell-off and losing approx. $22 in value.

Indices recovered a good chunk of the previous significant losses but remain in bears territory until clearer evidence of a bullish comeback.

Patterns seem to line up for the probability of something bigger awaiting right around the corner.

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