Tuesday, 18 September 2018

Forex TS

Posted by Anonymous at 12:25 Labels:


EUR / USD
For last 24 hours, the situation on the FOREX currency market has not changed much. We observe a steady middle-term trend for US currency weakening. Yesterday, the dollar index fell to monthly lows in the area of 93.90 points. This is the strongest support level, keeping the market above since May 2018.We do not expect a rapid move of the market this time as well. The new trading session of the dollar market begins with corrective growth. The index rose to the area of 94.11 points. Against this background, the European currency gained to four-week highs. This is the $ 1.1717 zone. On Tuesday, EUR / USD adjusts to the area of $ 1.1670. The support zone is located in the area of 1.1660-1.1640.
Trade recommendations- longs in the area of 1.1660-1.1640.
GBP / USD
The growth of the British currency continues. Yesterday the pair was able to gain a foothold above the level of 1.3090. The next target of the current upward momentum in the region is 1.3200. The market zone 1.3100 is now the first support zone.
Trade recommendations- longs in the area of 1.3100
AUD / USD
Australian currency continues to trade volatile. Yesterday, AUD / USD returned to the zone 0.7165-0.7200. This is a strong resistance zone. Overcoming this zone, will open the way to the area of 0.7260. However, there is a high probability that the market will not pass this area on the background of deteriorating trade relations between the US and China. We remain out of the market so far and observe the development of the situation.
Trade recommendations- out of the market
Gold
Gold continues to trade volatile as well. Yesterday, gold bounced off $ 1191 level and was able to consolidate into the $ 1206 area, however, the bulls failed to take this mark. Today, the market opened the trading day with a decline and adjusted lower to $ 1196. This is a support zone that has remained behind the bulls and now they are trying to organize an interception of the initiative based on this level. In general, this is a good zone for opening long positions.
Trading recommendations- longs in the $ 1196 zone

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