Tuesday, 25 September 2018
FX trading signals
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trading signals
EUR / USD
Yesterday, EUR/USD marked a new local three-month maximum in the zone 1.1814 however the approaching Fed meeting and overbought market forced traders to fix profits and roll back quotes lower to the area of $ 1.1730 - the zone of the nearest support. Today, the restrained growth of the pair continues, in the early European trading session, the pair rose to 1.1773. We observe the growth of volatility as market upward impulse run out of steam. Longs at current levels look risky, shorts too.
Trading recommendations - out of the market
GBP / USD
After profit fixation, British currency quotes hit the bottom in the area of 1.3100. On Monday, the pair tried to grow and strengthened into zone 1.3166. Market sentiment turns to more bearish, the resistance is located in the zone 1.3165.
Trading recommendations- accurate shorts in the zone 1.3160
AUD / USD
Market activity this week remains below the average for this market. After the growth of the previous week, the pair is consolidating in the area of 0.7290. There is a strong resistance zone located here. The market is gradually declining, and the nearest support zone is located in the area of 0.7210.
Trading recommendations - out of the market
Gold
Yesterday we observed very volatile session in the gold market. Gold gained in the $ 1203 zone, but could not gain a foothold and fell into the $ 1198 zone. Today, trading began above support $ 1,196, but the bulls are experiencing some difficulties with overcoming the $ 1,200 mark. The market seems to consolidates before the release of the most important information of the week, the decision of the Fed on the rate and subsequent comments.
Trading recommendations- accurate longs in the $ 1196 area
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