2018-08-21
Today, both Japan and USA will not release any Economic Data. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL: Resistance. 3: 110.45. Resistance. 2: 110.23. Resistance. 1: 110.02. Support. 1: 109.75. Support. 2: 109.54. Support. 3: 109.32.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis: Intraday Level For EUR/USD, Aug 21, 2018
2018-08-21
TODAY'S TECHNICAL LEVEL: Resistance. 3: 110.45. Resistance. 2: 110.23. Resistance. 1: 110.02. Support. 1: 109.75. Support. 2: 109.54. Support. 3: 109.32.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis: Intraday Level For EUR/USD, Aug 21, 2018
2018-08-21
Today, both European and the US market will not release Economic Data, so amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1547. Strong Resistance:1.1540. Original Resistance: 1.1529. Inner Sell Area: 1.1518. Target Inner Area: 1.1491. Inner Buy Area: 1.1464. Original Support: 1.1453. Strong Support: 1.1442. Breakout SELL Level: 1.1435.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis of Gold for August 21, 2018
2018-08-21
Gold price has reached our first short-term target of $1,195 after breaking above $1,183. Trend however remains bearish for the medium-term and this bounce is still considered corrective in nature and against the prevailing trend. Only a break above $1,200 and if prices stay above it will signal a trend change.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1547. Strong Resistance:1.1540. Original Resistance: 1.1529. Inner Sell Area: 1.1518. Target Inner Area: 1.1491. Inner Buy Area: 1.1464. Original Support: 1.1453. Strong Support: 1.1442. Breakout SELL Level: 1.1435.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis of Gold for August 21, 2018
2018-08-21
Gold price has reached our first short-term target of $1,195 after breaking above $1,183. Trend however remains bearish for the medium-term and this bounce is still considered corrective in nature and against the prevailing trend. Only a break above $1,200 and if prices stay above it will signal a trend change.
Black lines - wedge pattern
Gold price has reached its first extension target. Resistance is here at $1,195-$1,200 area. A rejection at current levels is very possible. If Gold price is going to make new lows over the coming weeks, we should see a rejection at current levels. If Gold continues higher we will start looking at the August lows as a major low and that a new up trend has started. So far price is making higher highs and higher lows in the 4 hour chart. If price stabilizes above $1,200 we could see more upside over the coming weeks. Short-term support at $1,185-80 must be respected and price should hold above this area if we are going to see this rally continue higher.
Technical analysis of EUR/USD for August 21, 2018
2018-08-21
As expected EUR/USD has bounced back for a back test at the previous support zone around 1.15. Price is again above 1.15 and challenging the resistance at 1.1520-1.1530. If we are going to see new lows we should expect EUR/USD to get rejected around these levels.
Gold price has reached its first extension target. Resistance is here at $1,195-$1,200 area. A rejection at current levels is very possible. If Gold price is going to make new lows over the coming weeks, we should see a rejection at current levels. If Gold continues higher we will start looking at the August lows as a major low and that a new up trend has started. So far price is making higher highs and higher lows in the 4 hour chart. If price stabilizes above $1,200 we could see more upside over the coming weeks. Short-term support at $1,185-80 must be respected and price should hold above this area if we are going to see this rally continue higher.
Technical analysis of EUR/USD for August 21, 2018
2018-08-21
As expected EUR/USD has bounced back for a back test at the previous support zone around 1.15. Price is again above 1.15 and challenging the resistance at 1.1520-1.1530. If we are going to see new lows we should expect EUR/USD to get rejected around these levels.
Red line - triangle pattern (broken)
EUR/USD is back testing the lower boundary of the broken triangle pattern. Price is also at the 50% Fibonacci retracement resistance. This is important resistance area. Next resistance is at the 61.8% Fibonacci level at 1.1580. As long as price is below this level and below the upper triangle boundary, we remain bearish expecting new lows for the pair. This bounce could be a nice opportunity to sell EUR/USD with a tight stop as we were doing when price was challenging 1.1730.
EUR/USD is back testing the lower boundary of the broken triangle pattern. Price is also at the 50% Fibonacci retracement resistance. This is important resistance area. Next resistance is at the 61.8% Fibonacci level at 1.1580. As long as price is below this level and below the upper triangle boundary, we remain bearish expecting new lows for the pair. This bounce could be a nice opportunity to sell EUR/USD with a tight stop as we were doing when price was challenging 1.1730.
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