Thursday, 12 July 2018

Forex TS, 12/07/18

Posted by Anonymous at 12:38 Labels:

EUR / USD seems to move for consolidation within $ 1.1555- $ 1.1755 range
Yesterday, amid rising sales in stock markets, US dollar resumed its growth. The session for the dollar turned out to be volatile, but as a result, the dollar index strengthened in the 94.45 points area overcoming resistance of sellers near the mark of 94.20 points. For the European currency, losses were minimal and there were no significant changes in the market. The pair's decline was suspended at the level of $ 1.1680, where strategic Fibonacci support 38.2% is located. The price formed a wide sideway channel with the borders of $ 1.1555 (1.1610) - $ 1.1755. We can open long positions in the region of 1.1680 and lower down to $ 1.1640
Trade recommendations- longs in the zone 1.1680 - 1.1640
GBP / USD is still a very technical market
This market has always been very analyzable in terms of technical analysis. Something similar happened this time as the market checked all closest levels. The pair could not overcome resistance 1.3280 for three days and eventually pulled lower from this mark. However, support at 1.3200 also stood firm. It is more likely that the pair will move to consolidation within this narrow range while maintaining a negative scenario.
Trade recommendations - shorts from 1.3280
USD / JPY – broken the strategic resistance starting in 2015
Yesterday, a significant event for this market took place, the pair embarked on a breakthrough in the strategic level of resistance, a descending line that began in 2015 at JPY125.40. When the pair moves to some pullback, we can open long positions. The medium-term goal of this upward impulse is zone 113.50.
Gold - a decline in the area of ​​$ 1245 is a good opportunity for more medium-term longs
Despite the growing tension in the world and higher equity volatility amid risk-off mode, Wednesday trading session turned out to be very negative for gold amid the growth of the US currency. The sellers pushed local support at $ 1252 and dropped prices to $ 1245. We believe that gold will also move into the mode of sideway trade with ranges of $ 1240- $ 1252- $ 1260. Let's see how events will develop further.
Trading recommendation – longs at current levels

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