Monday, 3 September 2018
FOREX TS, 03/09/18
Labels:
trading signals
EUR / USD
On Friday, US dollar finally returned to growth - USD dollar index closed the day above resistance 94.96 pints, the daily high was marked in the area of 95.20 points. Thus, the monthly close remained for buyers of the American currency. This is a very revealing fact for the medium-term future of the dollar. EUR / USD moved below support, and now resistance 1.1640 - the weekly candle has a pronounced bearish nature, on the weekly chart a reversal bearish signal has formed. Local support was found in zone 1.1590, and today EUR / USD is trying to grow up. This local correction may continue up to the first resistance of 1.1640, but it is likely that the sellers will seize the initiative earlier. In general, the operative medium-term situation in this market has changed - the priority shifts towards sales. The real support is located in zone 1.1550.
Trading recommendations - shorts in zone 1.1640
GPB / USD
As expected, GBP / USD could not hold on the levels reached last week. USD dollar gains led the market lower. On Friday, the pair fell to the area of 1.2955, and the new trading week began with a downward price gap. Support is located in the 1.2900 area, but the technical configuration says it will be easily broken. Resistance in the area of 1.2955.
Trading recommendations - shorts as the market goes through 1.2900
AUD / USD
Weakening of the Australian currency continued throughout the previous week. AUD / USD fell to 0.7160. In this area, there is a strong level of support originating in 2016. The pair is oversold and it is quite possible the market will form a corrective pullback from this zone. Resistance in the area of 0.7200. This week we will learn how the events will develop.
Trading recommendations - out of the market
Gold
Last week, the gold market closed at 1200, this is an indicative fact. Not the buyers, neither the sellers managed to move the price to their side and thereby indicate the superiority of the forces. 1200 mark is a psychological level, but the present significant technical level is in the area 1206, and the sellers scored a tactical victory closing the last summer month below this resistance. We recall also that the level 1200 is an extension of 23.6 Fibonacci, and the fact that the market failed to overcome this weak resistance (by the Fibonacci scale) indicates the weakness of the current corrective momentum. Let's see how events will develop this trading week. Local support marked in the area of $ 1195, the nearest present resistance in the $ 1206 area.
Trading recommendations - out of the market
https://www.fortfs.com
Subscribe to:
Post Comments
(
Atom
)
Get Packers and Movers Patna List of Top Reliable, 100% Affordable, Verified and Secured Service Provider. Get Free ###Packers and Movers Patna Price Quotation instantly and Save Cost and Time. ✔✔✔Packers and Movers Patna Reviews and Compare Charges for household Shifting, Home/Office Relocation, ***Car Transportation, Pet Relocation, Bike SHifting @ Packers And Movers Patna
ReplyDeletePackers and Movers Bangalore - Reliable and Verified Household Shifting Service Providers Give Reasonable ###Packers and Movers Charges. Cheap and Best Office Relocation Compare Quotation for Assurance for Local and Domestic House Shifting and Get estimates today to save upto 20%, ***Read Customer Reviews - @ Packers And Movers Bangalore
ReplyDelete