Tuesday, 21 August 2018

FOREX TS

Posted by Anonymous at 12:26 Labels:


EUR / USD
Our expectations fully realized at yesterday's trading session. Overbought American dollar moved to a corrective decline on technical factors and a eased risks of the trade confrontation between Washington and Beijing, as well as the verbal intervention of the American president. USD dollar index strengthened the decline after it broke through support line of 96 points and today in the early European session USD index reached the level of 95.40-95.24. EUR / USD reached a local maximum in the zone 1.1540, thus the serious intention of the market was indicated to return above the psychological mark 1.1515. What might be the next? The fact is that the zone 1.1515-1.1540 is a strong psychological resistance zone and it is impossible to exclude the market pullback. The US dollar index slows down the decline. Support area 1.1480-1.1490 and further zone 1.1450.
Trading recommendations - accurate longs in the zone 1.1480-1.1490

GBP / USD
The market realized the expected corrective rebound towards the first resistance level of 1.2830. Further, the upward impulse starts to slow down and may be followed by a rollback to zone 1.2780. However, the immediate goal of the current upward impulse is located in the zone 1.2900. We recommend to monitor USD dollar dynamics and open long positions when the market pulls back.
Trade recommendations- longs when the market corrects lower
AUD / USD
The market returned to a broad side channel. Now the lower zone of the specified range (0.7335) that this night was stormed by the market, is the first support for the bulls. Perhaps the market will try to gain a foothold at current levels. If he succeeds, then an upward impulse is possible in the zone of 0.7385.
Trade recommendations - look for purchases
USD / JPY
Yesterday, the pair fell into the zone of 109.85 and designated a local two-month minimum. However, today we are seeing a pullback. USD / JPY strengthens, the resistance is at the levels of 110.25-110.30.


Trading recommendations - shorts in the area of 110.25-110.30
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