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29.11.202107:23 Forex Analysis & Reviews: Trading on stock exchange on November 29, 2021

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Buying shares of Unilever (#UL), a British multinational consumer goods company.

On the weekly chart, the price reversed upward from the price channel line during the emerging convergence. It could be a 38.2% retracement before the continuation of the downtrend. This upside potential corresponds to the price level of 55.30.

Exchange Rates 29.11.2021 analysis

On the daily chart, the price settled above the Kruzenshtern line. The Marlin oscillator is headed upward. The price is expected to extend its upward movement.

Exchange Rates 29.11.2021 analysis

Selling shares of Oracle Corporation (#ORCL), an American software producer.

On the weekly chart, a double divergence was formed. The signal line of the Marlin oscillator is in the bearish zone. The quote is expected to reach the June high of 85.01. The Kruzenshtern line is approaching this level as well.

Exchange Rates 29.11.2021 analysis

On the daily chart, the price consolidated below the balance and Kruzenshtern lines. The Marlin oscillator is in the bearish zone. The price is expected to move further down.

Exchange Rates 29.11.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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