Wednesday, 17 October 2018
FOREX TS
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trading signals
EUR / USD continues the narrowed consolidation
The situation in this market is developing slowly these days. On Tuesday, the pair was trading in a very narrow range - as EUR / USD consolidated in the $ 1.1550-1 $ .1610 area. In general, the situation has not changed much, and our yesterday's forecasts and recommendations remain in force. We expect the pair to move lower to the support zone around $ 1.1550- $ 1.1510 where we can consider opening long positions.
Trading recommendations - longs in the $ 1.1550- $ 1.1510 area
GBP / USD pulls back lower from weekly highs
Yesterday, this market reached local maxima in the 1.3225 area, and then pulled back lower. Support is located in the area of 1.3135-1.3125. Let's see how today the market closes this day, as some signs of reversal candle pattern has been formed. In this sense, longs at current levels of 1.3140 seem to be dangerous. We expect developments in this market. Support is located in the 1.3100 area.
Trading recommendations - out of the market
AUD / USD - correctional growth continues
Yesterday, the pair managed to consolidate above $ 0.7125, and now it is the nearest support zone for this market. Our expectations for the upward correction cease are not yet met. Resistance is located at $ 0.7160.
Trading recommendations - out of the market
Gold, after a local retracement of 1225, continues to look up
The gold market proves to be very technical market. Yesterday, gold quotes reached 1233, the nearest significant resistance zone. Having spent the entire trading session in unsuccessful attempts to storm this area, the market eventually adjusted to area 1220, where buyers went on the counter attack. Today, in early European trading market quotes again have grown to the zone of 1227, leaving the level of 1225 behind. Thus, bulls interception of initiative around 1220 indicates a continuing positive sentiment on the market. Immediate support is located the area 1225-1220.
Trading recommendations – longs in the area of 1225 and below with pullbacks to the zone 1220.
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