Tuesday, 13 November 2018

FX TS

Posted by Olga Gorinina at 12:35 Labels:
EUR / USD
Pressure on the market persists, and judging by the close of the previous week, in the upcoming five-day week we can see new local minimums for the European currency. So now, in priority we must have shorts. Today, the pair is trading in the support area around $1.1230, a breakthrough of this zone will open the way to the $1.1120 area. Resistance is now around $1.1300.
Trading recommendations - shorts
GBP / USD
The strengthening of the dollar had a strong pressure on the British currency. On Friday, the GBP / USD pair broke through the strategic support of 1.3000, and on Monday the zone 1.2920 was broken as well. However the market decline was halted in the area of 1.2840, after which the pair corrected to the zone of 1.2925. The current situation is not certain - we remain out of the market.
Trading recommendations - out of the market
AUD / USD
The Australian dollar marked the highs in the 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 - out of market
Gold
The market fell to a strategic support level of $ 1205- $ 1206 and further to the area of $ 1200. Now it all depends on whether this mark will hold around this psychological level. In the event of increased pressure and a breakthrough of this zone, the market will move to a new range of $ 1,200- $ 1,180. However, the bulls have a chance to stop falling on this strong technical mark.
Trading recommendations - out of the market
https://www.fortfs.com

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