Friday, 17 August 2018

FX TS

Posted by Anonymous at 14:13 Labels:


EUR / USD
Today, equities are trying to keep up in the green and save achievements of previous session. The main pair of the FX market, EUR / USD maintains a positive attitude. On Wednesday, there was a local minimum marked in zone 1.1300, followed by a minor corrective pullback. On Thursday, the pair gained into zone 1.1400, thus forming a narrow range. In early Friday European trading, EUR / USD shows positive dynamics, approaching the upper limit of the range. This is the zone 1.1410. It is the penetration of this level that will indicate the actual intention of the market to move to a upward correction with the target of 1.1475 and possibly higher.
Trading recommendations-longs with the passage of 1.1410 level
GBP / USD
The pair is consolidating near the level of 1.2715. There are  no opportunities to develop further growth in the market yet, and this means that soon the decline will follow. We can open short positions at current levels, as well as with pullbacks.
Trading recommendations - shorts
AUD / USD
The technical picture displays that the current local downward momentum has run out and we have several corrective trading sessions ahead of us. The expected local upward move of the Australian currency in the zone of 0.7285 at the beginning of the European Friday session has reached the target. Now we will monitor the market's actions with respect to this level. The breakthrough of this mark will indicate the intention of the market to adjust to the zone of 0.7340. If there is a pullback then the market will fall into the zone of 0.7220.
Trade recommendations- out of the market
USD / JPY
The pair is trading extremely volatile in recent days. Level 110.70 acts as the medial level of the sideway range. We believe that the trading in the coming days will be carried around the level of 110.70, and taking into account the expected local weakening of the dollar, there is a high probability that the pair will go to the test of the lower border 110.30.
Trade recommendations-shorts with local upward pullbacks
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