Friday, 14 December 2018

FX TS

Posted by Olga Gorinina at 12:29 Labels:

EUR / USD - sellers aim at stops located below 1.1300
The market once again failed to gain a foothold above the significant mark of 1.1360 and after the trading day in this zone, the quotes rushed down again. In early European trading, the pair is trading near the 1.1300 level - the lower limit of the sideway range of 1.1300-1.1430, the market has been in this zone for three weeks. If sellers manage to break through to stop orders concentrated below 1.1360 and activate them, the market will move to 1.1266 and further to the zone of two monthly lows 1.1210.
Trading recommendations - sales when passing the 1.1300 mark
GBP / USD - market uncertainty remains
The market pullback in the middle of the week did not lead to a change in the strategic picture in this market. The market could not overcome the level of 1.2660 - the nearest resistance. At the same time, the political uncertainty around Brexit persists.
Trading recommendations- are out of market
AUD / USD - the market finally broke through the level of 0.7200
On Thursday, there was a sharp and decisive reversal in the Australian dollar market. AUD / USD pair finally broke through the level of 0.7200 and moved to the new price range. Thus, the rising trend momentum was broken by the market. The medium-term outlook for the Australian dollar has changed to a negative trend. Immediate support is in the 0.7260 area.
Trading recommendations - sales
Gold - tests the first support of $ 1238
On Friday, the market continued its moderate decline. The players broke through the local resistance of $ 1241 and dropped to the $ 1238 zone, the main support level. If sellers can activate the stops concentrated here, there is a chance that gold can go to $ 1233 for a short time.
Trading recommendations - purchases in the $ 1238 zone and lower in the $ 1233 area
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