Monday, 14 January 2019

Trading signals

Posted by Anonymous at 12:35 Labels:

We are entering a new trading week, this week Brexit will again be in the spotlight, focusing on an important vote in parliament, scheduled for Tuesday, at which the government will either approve or reject the Theresa May deal. The dollar remains under pressure; however, there are signs of oversold USD market. We will see how the trading week will develop

EUR / USD - the pair pulled back to the first support 1.1475
Events on the main pair of FX market continue to evolve interesting way. After the traders were able to break above 1.1500, before the weekend, the bulls took profits and rolled back the quotes to the first support level around 1.1475. Closest support is located at the previous levels - area 1.1480-1.1475 and further down in the area 1.1430 - deep rears of customers. We maintain positive expectations for this market and believe that the breakthrough of 1.1515 sets the stage for the launch of a longer and more extensive sale of the US dollar in the coming months.
Trading recommendations - purchases 1.1475-1.1430
GBP / USD- the market was able to overcome the mark of 1.2800
On Friday, the expected breakthrough of 1.2780-1.2800 did finally take place. Market quotes rose to the level 1.2866, where the upward momentum was exhausted. This week, trading in this market will be volatile given the fundamentally news background. The support level is now the former resistance level -1.2810.
Trading recommendations - out of the market
Gold showed strong weekly closure
The gold market continues to trade within the range  $ 1296- $ 1280. Quotes remained inside the flag pattern. This pattern confirms the continuation of the upward dynamics. Level 1297-1300 still acts as the main psychological resistance. We maintain medium-term positive expectations for the gold, however, we expect a deeper correction before the assault of the 1300 mark.
Trading recommendations – limit buy orders in the area of $ 1286, $ 1277
AUD / USD - storming resistance 0.7230
Last week, the market failed to gain a foothold above the zone 0.7200-0.7230. However, the support level 0.7160 held the market from deeper move. Under these conditions, two four-hour candles close above 0.7230 can serve as a signal for the continuation of the upward impulse.
Trading recommendations - longs after fixing above 0. 7200

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