Wednesday, 5 September 2018

FOREX TS

Posted by Anonymous at 13:48 Labels: trading signals

EUR / USD

On Tuesday, the situation in the FOREX market continued to develop in favor of USD dollar. Local corrective pullback of the dollar was stopped in the zone of the first support 95.22-95.17 points. The resistance is located in the area of 95.65 points. The main pair of the FOREX currency market- EUR/USD on Tuesday tested support in the zone $1.1550. As we discussed earlier $ 1.1550- $ 1.1515 - this is a stable resistance zone, and we do not expect that the market will quickly pass this zone. Rather, we should expect a local rebound from this zone.

Trade recommendations- out of the market

GBP / USD

Pressure on the British pound remains. Yesterday, a new daily low in the area of 1.2800 was designated, but the level of support was not breached. Our forecast remains the same, a confident passage of this level will open the way down to zone 1.2725.

Trading recommendations - shorts once zone 1.2820 gets broken

AUD / USD

Bears attempts to break through the long-term support of 0.7160 and bring the market lower so far have not led to success. We observe a false breakdown and a long candle shadow on the daily chart. The pair is oversold and it is quite possible to form a corrective pullback from this zone. Resistance is located in the area of 0.7200.

Trade recommendations- out of the market

Gold

The pressure on gold market led the quotes in the area of 1190, where the session minimum was marked, and the downward momentum was exhausted. Today gold is adjusting, now the area $ 1194- $ 1196 is the area of resistance. To seize the initiative, buyers should try to quickly return quotes above the $ 1196 level. Otherwise, the pressure on this market will increase.

Trade recommendations- out of the market

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