Technical analytics

FOREX TS, 28/08/18


Positive in this market is preserved. On the background of the continuation of USD dollar weakness, the European currency is stubbornly moving higher. The market took $ 1.1645 level on the move and consolidated in the $ 1.1700 area. Thus $ 1.1645 is a new level of support. The new resistance is $ 1.1745.

Trade recommendations- longs in the $ 1.1645 area


British currency continue to rise amid the weakness of US dollar. The market is approaching resistance zone 1.2925. The resistance zone is spreading higher up to the level of 1.2955. The support is located at the level of 1.2880

Trading recommendations- accurate longs in the zone 1.2880


Buyers continue to storm the lower boundary of the side channel, resistance zone 0.7340. This is a very strong resistance zone. Taking this mark will send quotes higher to the area of 0.7375 and further even higher to the area of 0.7440.

Trading recommendations - longs once fixing in the area of 0.7344


Quotes of precious metal were able to gain a foothold above the first real resistance in the $ 1206 zone. The next stronger resistance is located in the $ 1213- $ 1215 zone. We have to be careful with longs at these levels. The support zone is located at $ 1200- $ 1206. It is advisable to wait for corrective pullbacks or cosider longs after market fix above  $ 1213- $ 1215.

Trade recommendations- careful longs in the $ 1200- $ 1206 area

New articles