Thursday, 15 November 2018

FX TS

Posted by Anonymous at 13:25 Labels:
EUR / USD
The positive development of the situation with Brexit  influenced not only the British currency, but also the European. It should also be noted that the Brexit news coincided with the technical correction of the US dollar, so the dollar index pulled away from the annual highs and found support in the area of 96.60. Yesterday, the European currency was able to break above 1.1300, now the new tactical support area and resistacne is around 1.1350 zone.
Trading recommendations - out of the market
GBP / USD
The British currency continues to trade volatile amid volatile news background. On Tuesday, the pair returned to the strategic resistance level of 1.3000. However, despite the positive news regarding Brexit, the market decided to sell the British pound. Yesterday, sales increased from the resistance level of 1.3000 - the pair fell to the area of 1.2810. Further decline will lead quotes of this market down to the area of four-month lows - 1.2660 zone.
Trading recommendations - sales
AUD / USD
Support 0.7160 proved to be firm and allowed the Australian currency to maintain positive sentiment. Yesterday, the pair was able to play back all the losses and consolidated into the zone of the recent maximum - zone 0.7280. Overcoming this mark will open the way to the 0.7340 area.
Trading recommendations- longs after pullback
Gold
This week the market fell to a strategic support level $ 1205- $ 1206 and further to the $ 1200 area. As we expected, this zone is of strategic importance to the market and allowed buyers to seize back the initiative. Taking advantage of US dollar weakness , the bulls were able to move quotes up to the new resistance zone around 1215. We do not think that the market will be able to overcome this zone on the move, the immediate support is located in the $ 1,206 zone.
Trading recommendations - longs around $ 1206
https://www.fortfs.com

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