Monday, 28 August 2017

EURUSD - the uptrend continues

Posted by Valentine at 16:50 Labels:

EURUSD - the uptrend continues

Last Friday, the EURUSD currency pair moved higher, the close of the week passed at the levels of 1.1925, thereby eliminating overbought. The trend for growth is still in tact. The closest support is located in the area of ​​1.1685, but players will look for buying opportunities with the slightest corrective weakness. While the pair is located above the key support zone 1.1400 - 1.1480, the bulls will control the situation in this market.

Gold is to test $ 1300 level and move higher to the area of ​​$ 1320- $ 1354

Last week the gold market consolidated slightly below the $ 1300 level. The volatility of the market was below average. However, on Friday the consolidation ended with upward impulse.  We expect a rapid passage of the psychological level of 1300-1305. However, look for corrective pullback to join the movement. The closest support is around $1291.

AUDUSD - prepare to break above the local resistance of 0.800

Over the past three weeks, the AUDUSD pair has declined lower, but the technically bullish trend is still in force, and last week the price rose to 0.7930. The growth potential in this market is being formed in the coming days and weeks.

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