Thursday, 30 August 2018

FX TS, 30/08/18

Posted by Anonymous at 12:44 Labels:

EUR / USD
Thursday session in the foreign exchange market is characterized by USD dollar transition to growth. On Wednesday, US dollar index reached 94.40 points, where it found support. On the market, signals were formed that hinted that USD correction was ending. It is interesting enough that the decline in the dollar stopped just on the median balance mark of 94.40- this is the middle of the wide sideway channel 95-93.85. For the European currency, this means that easy times end. This week was EUR / USD market was designated maximum in the zone 1.1732, this is a strong resistance zone. It's time to reduce the number of open longs. The first local support zone is located in the area 1.1650-1.1660. We remain out of the market and look forward to the development of the situation.
Trading recommendations-out of the market
GBP / USD
Yesterday, shortly before the start of the US trading session, British pound broke through resistance at 1.2930 during a powerful impulse and grew into a zone of 1.3000. Thus, the operational picture in this market has changed. However, the development of the situation will depend on the US dollar. The support is located in zone 1.2955.
Trade recommendations- out of the market
AUD / USD
The weakening of the Australian dollar led the market quotes in the area of 0.7270. In this area, the bulls are trying to move to a counterattack. The situation is uncertain and the future prospects of the market are not clear. The probability of continuing downward dynamics remains.
Trade recommendations- out of the market
Gold
The pressure on the gold market is intensifying. Yesterday, quotes dropped to the area of $ 1200. At this important psychological mark for the market, the bulls are trying to form a line of defense. The situation is not certain.
Trade recommendations- out of the market

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