Tuesday, 14 August 2018

FOREX TS

Posted by Anonymous at 12:30 Labels:

EUR / USD
The breakthrough of strategical support 1.1515 and the exit of the market down from the mid-term consolidation, brought the quotes in completely new ranges. This is a round-level around 1.1400. The break-through 1.1515 indicates that the pair will continue to decline in the medium term, and we can talk about the levels of 1.1200 and further 1.1000 in the range of 3-6 months. Of course, we cannot exclude upward corrective move from current levels, but shorts remain a priority.
Trading recommendations-shorts around 1. 1400
GBP / USD
The strengthening of USD dollar led quotations to the zone of 1.2725, after which the pair adjusted somewhat amid profit taking. The resistance zone is now around 1.2720. Break through this support will send quotes to the area of 1.2400.
Trading recommendations - sales when the market is rolled back
Gold
For three weeks, we have seen a nearly vertical drop in the gold market. It is also interesting that gold ceased to be regarded as a protective asset, geopolitical contradictions is no longer a support factor for the market. The markets now focus exclusively on the strength of the dollar and the yield of US bonds. Technical analysis indicates that the market has entered the stage of a long-term downtrend. We had some hopes that $ 1200- $ 1205 strategic zone would stop the fall or create conditions for consolidation, but these levels were broken. Now the nearest medium-term targets are zones $ 1150 and then $ 1050. Of course, we need to see how the week will be closed and what a weekly candle will be formed, but on the daily chart the situation is already clear, further gold decline is inevitable. In this sense, it is possible to consider corrective market pullbacks as an excuse for shorts.
Trading recommendations, shorts when local rollback to the zone $ 1200- $ 1205.
AUD / USD
The exit from the consolidation occurred in the downward direction. The operational picture has changed significantly, now shorts are in priority. The medium-term target is 0.7165.
Trading recommendations- shorts with rising market retracements

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