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Forex Weekend Newsletter 11.28.20

Last week was a Thanksgiving Holiday shortened week in the Forex Market. However, we did manage to have a few profitable trades as the risk market made history by breaking to all-time highs. As we have said many times, our oscillators can stay stretched for a long period of time. As noted in last weekend's newsletter we were expecting the overbought conditions to continue through this past week and indeed they did. Currently, both our short-term and long-term oscillators are in very overbought territory and with Brexit risk and the possible failure of U.S. Stimulus we would not be surprised for risk to come off a bit in the upcoming week. Let's look at the charts to see where things stand.

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