Wednesday, 14 November 2018

FX TS

Posted by Anonymous at 12:14 Labels:

EUR / USD
US currency rally led the US dollar index quotes to the highs of 2017, a zone of 97.50 points. After that, a corrective pullback to 96.50 was triggered. This eased the pressure on the European currency. In addition, the achievement of new lows provoked profit taking and short positions close, as a result, the pair grew into the area of recent support 1.1300. We should not expect that the pair will overcome the level of 1.1300 - the transition into a new range is an accomplished long-term fact. Shorts positions is an interesting strategy in the current conditions.
Trading recommendations - shorts
GBP / USD
The British currency continues to trade volatile amid volatile news background. On Tuesday, the pair returned back to the strategic resistance level around 1.3000. Overcoming this level is not an easy task. If successful, the path might move up to the area of recent highs - this is the zone 1.3070 and further 1.3250. In case of a pullback, the market will find support in the area around 1.2940.
Trading recommendations - out of the market
AUD / USD
The Australian dollar marked the highs around 0.7290 zone, after which it switched to decline amid the strengthening of the American dollar. The support is located in the 0.7160 area, from where the last short-term impulse originated, but the growth failed to develop. The pressure on the Australian dollar remains - a breakthrough of 0.7260 eliminates all current applications of the Australian dollar for growth.
Trading recommendations - out of market
Gold
The market fell to a strategic support level around $ 1205- $ 1206 and further to the area of $ 1200. Now it all depends on whether this mark will hold. In the case of increasing pressure and a breakthrough of this zone, the market will move to the level of $ 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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