XAUUSD
Technical Analysis
The prediction for this week indicates a strong upward trend for gold, largely due to the signs of a long-term decline in the USD. This presents an opportunity for several investors who have been waiting for a chance to capitalize on the long-term increase in gold. Additionally, the impending release of the 'FOMC Meeting' news scheduled for Wednesday (22/11), where interest rates are expected to be held, offers an opportunity for investors inclined towards gold.
Not only that, but gold has been in the spotlight since the conflicts in the Middle East started in 2023, as it aims to curb the strengthening of the USD during the cancellation of the US Government Shutdown. The price trend indicates a continued long-term rise in gold due to the broader trend's influence. Any potential decrease is predicted to be short-term.
Long-Term Potential: Buy
Short-Term Potential: Sell
USDJPY
Technical Analysis
The prediction for the USD this week suggests a considerable downward trend, which will likely impact the strengthening of the Japanese Yen in the long term. This is due to the influence of the US debt default reaching its limit, causing a significant decline. This week, there will be the release of the 'FOMC Meeting' news scheduled for Wednesday (22/11), which is predicted to tend towards holding interest rates, leading to a decline in the USD. The trend also indicates a bearish trend or a downward trend for the USD, potentially resulting in a significant price drop.
Long-Term Potential: Sell
Short-Term Potential: Buy
GBPUSD
Technical Analysis
The prediction for the Pound sterling this week suggests a significant increase, which will likely impact the weakening of the USD in the long term. This is due to the influence of the US debt default reaching its limit, related to the US government shutdown, causing a considerable downturn. This week, there will be the release of the 'FOMC Meeting' news, expected to lean towards holding interest rates, which would further weaken the USD. The trend also indicates a bearish trend or a downward trend for the USD, hence there's a possibility of a significant price drop.
Long-Term Potential: Buy
Short-Term Potential: Sell
WTI
Technical Analysis
The prediction for this week indicates a potential rebound in Oil.
The rebound is linked to the sanctions imposed by the United States on companies and vessels involved in shipping Russian crude oil sold above the Group of Seven price limit. According to reports released by the oilfield services company Baker Hughes, the number of active oil drilling facilities in the US has increased for six consecutive weeks, marking the largest increase. The trend also shows a shift from a downward trajectory to an upward one, signaling an opportunity for investors as it indicates a significant upward movement.
Long-Term Potential: Buy
Short-Term Potential: Sell
HSI
Technical Analysis
The prediction analysis for the Hang Seng index suggests a tendency towards strengthening. While there was a short-term decline, the overall trend indicates an upward pattern, signaling a continuation of this strength. This upward movement impacts the purchasing power of the community, which remains quite high, and there's also a tendency towards a high level of confidence. Consequently, several companies situated in Hong Kong are likely to experience an economic improvement, influenced by the notably strong direction of the Hang Seng index this week. This analysis is supported by trendline and candlestick pattern analyses.
Long-Term Potential: Buy
Short-Term Potential: Sell
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