Wednesday, 15 August 2018

FX TS

Posted by Anonymous at 12:27 Labels:


EUR / USD
As the strategical support 1.1515 was broken the market moved to the exit from the medium-term consolidation in downward direction, that led the quotes in completely new ranges. This is a round-level area 1.1400. The break-through 1.1515 indicates that the pair will continue to decline in the medium term, we can talk about the levels of 1.1200 and further 1.1000 in the range of 3-6 months. Yesterday, a new local minimum was set in zone 1.1320. Now the nearest goal of the decline is 1.1280.
Trading recommendations-shorts with local upward pullbacks
GBP / USD
The strengthening of the dollar led GBP quotes to the zone of 1.2725, after which the pair adjusted somewhat for profit taking. Resistance is locate in 1.2720 zone - which was reached yesterday and today we will see more tests ahead. The pressure on the pair is intensifying-the break through of this support will send quotes down to the area of 1.2400.
Trading recommendations - shorts when the market pulls back
AUD / USD
The exit from the consolidation was unexpectedly down. The operational picture has changed significantly, now shorts in priority. The medium-term target is 0.7165. Shorts on pullbacks are still interesting.
Trading recommendations- shorts with market retracements


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