Tuesday, 24 July 2018
FOREX TS, 24/07/18
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trading signals
EUR / USD
After Stephen Mnuchin's statements on Monday, US currency recovered almost all of the losses that the market experienced last Friday after the statement of the US president. For this development all the technical conditions were present, the pair strengthened to the upper boundary of the narrowing triangular range - zone 1.1720-1.1750. Support is located in the zone 1.1640-1.1680. We can consider accurate longs in the area of strategic balance support 1.1640.
Trading recommendations- short-term longs in the zone 1.1640
GBP / USD
The pair continues to decline in a narrow downward channel. Last Thursday, a new annual low, the area of 1.3000, was designated, but on Friday, there was a sharp weakening of the dollar and GBP returned to zone 1.3144. The market is trying to gain a foothold in the support zone 1.3090. With the market growth in the zone 1.3180-1.3175, on can consider short positions.
Trading recommendations - shorts in the zone 1.3180-1.3175
AUD / USD
The medium-term six-week consolidation is maintained in this market. Yesterday on Monday, the pair reached the upper limit of the range and pulled back below. Today the price is at the level of 0.7374. The actuality of longs in this zone is maintained and become more interesting as the market moves lower to the zone of 0.7340.
Trading recommendations- longs in the area 0.7370
Gold
A new local bottom for gold was indicated in the $ 1220 zone. For two weeks, buyers bought out all the attempts of the market to go lower. The market is oversold and shorts at this level are dangerous. We can consider accurate longs below $ 1220 or stay out of the market.
Trading recommendation – careful longs around $1220 and lower
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