2018-08-09
Recently, the GBP/JPY has been trading downwards. The price tested the level of 142.32. According to the M15 time – frame and using the fx correlator (strength indicator), I found the GBP is the strongest intraday currency and that JPY is one of the weakest currencies. I also found a rejection of the pivot support 1 at the price of 142.34 and fake breakout of yesterday's low at the price of 142.70, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of143.85, 144.20 and at the price of 144.80.
Resistance levels:
R1: 143.89
R2: 144.80
R3: 145.44
Support levels:
S1: 142.34
S2: 141.75
S3: 140.79
Trading recommendations for today: watch for potential buying opportunities.
Gold analysis for August 09, 2018
2018-08-09
Recently, the Gold has been trading downwards. The price tested the level of $1,211.52. According to the M15 time frame, I found the price got no power to sustain below the today's pivot ($1,21.67), which is a sign that selling looks risky. I also found a bullish cross on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $1,216.93 and at the price of $1,220.72.
Resistance levels:
R1: $1,217.10
R2: $1,220.93
R3: $1,226.45
Support levels:
S1: $1,207.45
S2: $1,202.20
S3: $1,198.38
Trading recommendations for today: watch for potential buying opportunities.
Get Bonus No Deposite in your Trading Account now and add this currency pair to your forex portfolio, enjoy your trading with us!
No comments:
Post a Comment