2018-06-20
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,269.00. According to the H1 time - frame, I found a broken bearish flag pattern and completed (abc) upward correction in the background, which is a sign that sellers are in control. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,263.35 and at the price of $1,250.15.
Resistance levels: R1: $1,277.25R2: $1,279.20 R3: $1,279.90
Support levels: S1: $1,274.55S2: $1,273.50S3: $1,271.85
Trading recommendations for today: watch for potential selling opportunities.
EUR/USD analysis for June 20, 2018
2018-06-20
Recently, EUR/USD has been trading sideways at the price of 1.1566. According to the H1 time - frame, I found potential C wave in creation, which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for a potential breakout of intraday supply trendline to confirm further upward movement. The upward targets are set at the price of 1.1630 and at the price of 1.1690.
Resistance levels:
R1: 1.1582
R2: 1.1597
R3: 1.1605
Support levels:
S1: 1.1558
S2: 1.1550
S3: 1.1535
Trading recommendations for today: watch for potential buying opportunities.
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