Thursday, 23 August 2018

FOREX TS, 23/08/18

Posted by Anonymous at 12:37 Labels:

EUR / USD
The upward movement of the pair was stopped by 1.1600 level. It should be noted that this is a very strong mark and we assume that if the bulls have intentions to go higher, they will have to work hard to storm this zone. Yesterday there was a weak recovery of the US currency, on this background EUR / USD adjusted somewhat and dropped into the zone of the first support 1.1550. That zone 1.1550-1.1515 is a viscous support zone, where we consider going long based on 1.1515 support.
Trade recommendations- longs in the zone 1.1550-1.1515
GBP / USD
Correction of the pair continued into zone 1.2940. The purpose of the current correction impulse is reached. The upward momentum begins to slow down and may be followed by a pullback to zone 1.2780. The situation is not certain. We recommend staying out of the market.
Trade recommendations- out of the market
AUD / USD
Sellers knocked out quotes from a wide sideway channel breaking through the lower zone (0.7335) of this range. It was expected development of the situation, the bulls did not have enough operational space to gain a foothold in the current positions (0.7335). The market price has fallen into the zone of 0.7280. The development of the further situation will depend entirely on the US dollar. However, cautious longs at current levels seem appropriate.
Trading recommendations - longs in the area of 0.7280 with target 0.7335
Gold
Against the backdrop of local dollar weakness, gold retreated from the significant 1200 level, without trying to storm this zone. The situation remains the same-we can expect a pullback of quotations in the $ 1187- $ 1185 area before the bulls again try to launch the offensive in order to gain a foothold above 1200 and test the real resistance in the $ 1206 zone.

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