Trading signals



The pair keeps consolidating sentiment trying to gain a foothold above 1.1360. 1.1330-1.1300 remains strong support area and we believe that medium-term demand is located in this area. Careful longs might be interesting near the nearest support 1.1360 and lower in the demand zone 1.1330-1.1300 if the market happens to dip lower. We expect an increase in volatility in on the background of the publication American labor market data.

Trading recommendations- longs 1.1360 and below 1.1330


High volatility persists in the GBP / USD market for three days. The pair formed a wide channel within 1.2657-1.2837. The nearest resistance is located at 1.2775. Support - the lower limit of the formed range, a mark of 1.2650. While it is difficult to say anything defined for the British currency, the risks for this market are too high, we remain out of the market.

Trading recommendations - out of the market


The breakthrough of support 0.7340 happened amid USD dollar gains dollar as the market continued to decline to the area of 0.7200. Now this is the main market support from which we can expect a local pullback, as the market is oversold. However, the immediate prospects for the Australian currency have deteriorated after another round of risks on political and economic relations between the US and China. We expect an increase in volatility.

Trading recommendations - cautious purchases in the 0.7200 area


Gold quotes are traded within a narrow range of $ 1233- $ 1240. It is interesting that yesterday the local maximum was updated, the quotes touched the level of 1244. This is a positive signal. However, the bulls seem to have not enough strength to break through the maximum line, and most likely we will see sellers trying to reset the market from $ 1233. In this case, the bulls will seize the initiative in the $ 1229 area and this will be a great opportunity to open long positions at interesting and safe prices. The markets focus on data on the US labor market and the reaction of the US currency.

Trading recommendations - limit orders in the 1229 zone

New articles