Monday, 27 August 2018

FX TS, 27/08/18

Posted by Anonymous at 13:38 Labels:


EUR / USD
The pair continues to trade firmly in upward sentiment. There is a very strong resistance zone for upward euro move 1.1600-1.1640. Longs are advisable to consider after the corrective pullback lower to the support zone 1.1550-1.1515. The nearest outlook is positive.
Trade recommendations- longs in the zone 1.1550-1.1515
GBP / USD
The expected pullback to zone 1.2800 occurred, where the bulls tried to seize the initiative. However, it was not possible for bulls to advance above zone 1.2880. The conditions have been formed for range trading within the framework of 1.2800-1.2880 were formed.
Trade recommendations - we expect the situation to evolve and we look closely for more longs on pullbacks
AUD / USD
Once again bulls intercepted the initiative in the zone of 0.7240 and brought quotes close to the lower border of the wide side range. Support is located in the zone of 0.7285, more longs amid pullbacks down to this zone may be of interest.
Trading recommendations - longs in the area of 0.7285
Gold
Gold was able to show a strong weekly close. On Friday the market closed above the important $ 1200 mark, and in addition, after 6 weeks of decline, we finally saw a green weekly candle. Bulls will try to form a defense zone around $ 1200, where the first level of support is located. More serious resistance is located in zone $1206. Buls need to hld on abpbe $1200. This week will provide information for middle-term gold market intention.
Trade recommendations- longs in the $ 1200 zone

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