Thursday, 26 July 2018

FOREX TS. 26/07/18

Posted by Anonymous at 12:17 Labels:

EUR / USD
In the main pair of the FOREX currency market, the situation has practically not changed in the last 24 hours. The market is still accumulating volumes in a contracting triangular consolidation - in its upper range, trading above the strong support level of $ 1.1640. Yesterday the pair approached the upper border of this range-zone $ 1.1740. Hence it is advisable to consider shorts in the direction of $ 1.1640 zone.
Trading recommendations- shorts in the $ 1.1740 zone with short stops
GBP / USD
Weakness of the American currency led the British pound up to the $ 1.3200 zone, this is a strong resistance level, and besides there is a descending resistance line of the downward channel, in which the market is traded for the second month. Somewhere in this zone, we can expect activation of sales, and the transition of bears into a counterattack. The technical picture on the dollar index suggests that dollar longs will soon come back in the market and will increase pressure on the pound.
Trading recommendations - accurate shorts from the $ 1.3200 mark
USD / JPU
Weakness of the dollar and news that the Bank of Japan is going to gradually turn off the super soft monetary policy, led the quotes of the pair in the zone of two weekly lows. Yesterday the breakthrough of the mark JPY111.15-JPY110.10 was completed and the pair fell into the zone JPY110.50, where the downward momentum was exhausted. Now we can consider shorts  from the former support, and now the resistance in the zone JPY111.10-JPY111.15.
Trading recommendations-shorts with limit orders from resistance JPY 111.10-JPY 111.15
AUD / USD
The pair remains in the consolidation of $ 0.7447- $ 0.7337. Yesterday, the upper limit of this range was tested and as expected, another downward move followed.  The support area remains the same it is 0.7397-0.7377 zone. From these levels, we can open longs, if market happens to move lower we can accumulate longs.
 Trading recommendations - longs in the 0.7377 zone and below

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1 comment :

  1. Jim Rhodes20 September 2019 at 00:13

    It's a pretty informative post. You know a lot about this market. I appreciate that.

    ReplyDelete

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