Monday, 18 September 2017

Eur / Usd- retreats to short-term support

Posted by Valentine at 17:25 Labels:

Technically upward trend persists as EURUSD has been trading, updating highs since April of this year.  Market closed the previous week with a decline, and for the second time in the last month tested the support at 1.1836.

However, the level held the ground, and the market formed bull tail bars indicating that bulls still control the situation. Thus, the level of 1.1836 is the main level of support, from which it is advisable to consider the opening of long positions.

Longs when the market corrected to the support area 1.1836.

Aud / Usd - uptrend persists

Last week AUDUSD came under pressure amid general strengthening of the USD dollar. Nevertheless, the level of 0.7955 proved its stability, as the market opened above this level. The range 0.7900 - 0.7870 acts as the main support from where players will open longs, expecting the market's upward pullback. Strategic support still is located in the area of ​​0.7800

Long at 0.7870-0.7800

GOLD - Gold under pressure, retreats to ​​$ 1300

After two unsuccessful attempts to seize the initiative and take the level of $1334, the bulls temporarily gave up and retreated. Gold fell under pressure and gradually recedes the last two sessions to $1312.

This week the main fight will be for strategical level of $ 1300.00 and it looks like that is where the yellow metal goes. Technically, the upward trend remains in force and it is advisable to go long at this mark.

Longs  at $ 1300- $ 1285

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