Trading signals

FX TS

EUR / USD  market focus upon 1.1430

Well, yesterday it was a quiet day for this market. The pair pulled back from resistance in the area  1.1430, but managed to hold on above the nearest support 1.1365-1.1375. This is a positive signal for the market. However, it is still premature to talk about the initiative interception by bulls, both from a technical point of view and from a political one. Today there will be important political events in the United States, which we wrote about earlier, and technically the situation will change only after the market consolidates above 1.1430-1.1460.

Trading recommendations - we are waiting for the consolidation above 1.1430-1.1460 and open long positions

GBP / USD is storming 1.3000-1.3050 on the move

Today, in early European trading, this market continued to gain, and thus the pair continues to storm the resistance level 1.3000-1.3050. Looks like that expected pullback did not not realized, apparently the market is aimed at breaking through this zone on the move. However, it is still dangerous to open long positions at these levels. We recommend waiting for the market to consolidate above 1.3050 (two four-hour candles) and only then consider going longs. It is also a good idea to wait for the election results and evaluate the future prospects of the dollar.

Trading recommendations- are out of the market, we are waiting for the consolidation of the market above 1.1350

AUD / USD keeps on gaining despite close resistance

After Friday's profit taking, when this market fell into the first support area of 0.7200, on Monday the restrained growth of the market continued. However, it is still risky to open longs at these levels, however, there is no reason to close current longs. Fixation above 0.7225 will be a positive signal to enhance green sentiment.

Trading recommendations – go long when fixing above 0.7230

Gold set up to storm $1233

Yesterday the growth impulse of the American dollar exhausted at the European session - the dollar index could not break above the mark of 94.40 points, while marking a long shadow - a strong bearish signal. At the same time, gold dipped to $ 1226 levels, where buyers took advantage of the situation and seized the initiative, bringing the quotes back to the $ 1233 area. It seems that the assault on this strategic mark will take place soon. In the event of a breakthrough of this zone, a test of recent local maxima in the 1244 region will be inevitable. Local pullback to the zone of yesterday's lows of $ 1226 may occur however, this chance should be used to open additional longs.

Trading recommendations - longs in the zone of 1226 and with the passage of resistance $ 1233