Monday, 24 September 2018

FX trading signals

Posted by Olga Gorinina at 12:34 Labels:

EUR / USD
The beginning of the new week is very technical in the market of the main currency pair EUR / USD. The trend of USD dollar decline has resumed. On Friday, the players recorded a profit after the impressive growth and pulled quotes lower. The market fell into the zone $ 1.1730, where the support area starts at $ 1.1730- $ 1.1720. The new trading week begins positive as EUR/USD price gained in the area of 1.1759 and continues to grow. In the area of 1.1760 tactical local resistance runs, and the current upward target is located in the zone of the highs of the previous week 1.1795-1.1800.
Trade recommendations- longs at current levels
GBP / USD
On Friday, the market updated local highs in the 1.3300 area. Before the weekend, the players fixed their profits and pulled back the quotes to the area of 1.3050. The beginning of the new trading week is positive, the market is gaining in the zone 1.3120.
Trade recommendations- longs at current levels
AUD / USD
The growth of the Australian currency brought AUD / USD quotes in the area of 0.7300. In this area, a medium-term, downward resistance line passes. Longs seem dangerous in this area. The closest strategic support zone is located in the area of 0.7200. Long positions should be considered only after a pullback into this area (0.7200).
Trading recommendations - buy when the market adjusts into the 0.7200 area
Gold
Friday's fixation of profits pulled back quotes down to the lower zone of the formed side channel $ 1211- $ 1191. The market starts a new week relying on support in the area of $ 1196 - a good springboard for the development of the upward movement.
Trade recommendations- longs at current levels with stops below $1196
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