Monday, 12 November 2018

FX TS

Posted by Anonymous at 11:55 Labels:

EUR / USD
The pressure in this market has increased, and judging by the previously weekly close, in the upcoming five-day week we can see new local minimum for the European currency. Today, in early European trading, EUR / USD pair broke through the strategic level of 1.1300 and marked a new half-year minimum. Now in priority we must focus upon shorts as the market has turned clearly bearish. Resistance is now located at 1.1300, and support is at 1.1230.
Trading recommendations - shorts
GBP / USD
USD dollar gains had a strong pressure on the British currency. On Friday, GBP/USD pair broke through the strategic support around 1.3000, and today the zone of 1.2920 was broken. The target of the current downward impulse is the area 1.2770 and further 1.2660.
Trading recommendations - shorts
AUD / USD
Last week the Australian dollar marked the highs around 0.7290 zone, after which it switched to decline amid the strengthening of the American dollar. Support is located in the area of 0.7190 and further in the area of 0.7160.
Trading recommendations - shorts
Gold
The market fell to a strategic support around $ 1205 - $ 1206. Now it all depends on whether this level will hold. In the event of increased pressure and a breakthrough of this zone, the market will move into to a new range of $ 1205- $ 1180. However, the bulls have a chance to stop falling based this strong technical mark.
Trading recommendations – careful longs around $ 1205

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