Friday, 21 September 2018
FOREX TS
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trading signals
EUR / USD moved into 3-month highs
Yesterday, the main pair of the FX market finally reached the target level of the current upward momentum. On declining USD dollar, EUR / USD hit $ 1.1783 level, but the market closed the day lower at $ 1.1775. The market made a massive possitive candle, which broke through all the resistance lines on the bulls way. Bulls will try to gain a foothold at $ 1.1775 - but can be dropped from this zone. In this case, 1.1765 mark will be the first support zone, then the local support is located in the area 1.1730-1.1715. We need to be careful with the opening of long positions at current levels (1.1775), before the weekend traders can fix part of the profit and pull back the market lower.
Trading recommendations-, we expect a local adjustment before the weekend and remain out of the market
GBP / USD hit a two-month high
Yesterday, the growth of the British currency continued, as GBP / USD market reached the level of 1.3300 - the zone of two-month highs. Already today, the pair is realizing a local pullback; the market has fallen into the 1.3200 area. This is the nearest operational support. However, opening long positions at these levels can be dangerous as there is a correction ahead that may continue to fall into the area of 1.3100.
Trade recommendations- out of the market
AUD / USD showed significant growth this week
On the background of weaker USD dollar, the Australian currency gained in the area of 0.7300. However, US dollar is oversold and on Friday we see the risks of developing a corrective rollback on the dollar index. In this sense, the opening of long positions today can be dangerous as well, shorts in such a strong bull market are much more dangerous so we remain out of the market. The nearest support zone is 0.7250.
Trade recommendations- out of the market
Gold managed to finally gain a foothold above the level of $ 1206
Yesterday, the bulls managed to finally overcome the $ 1206 strategic zone, which is a big victory for the buyers. Now this is a strong support zone for the market. If the bulls can close the trading week above this zone, it will also be a very positive signal for the market. The nearest resistance is the area 1212-1213.
Trading recommendations- careful purchases in the $ 1206 zone
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