2018-09-03
In Asia, Japan will release Final Manufacturing PMI, and Capital Spending q/y, but the US will not release any Economic Data today. 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: 111.56.
Resistance. 2: 111.34.
Resistance. 1: 111.12.
Support. 1: 110.86.
Support. 2: 110.64.
Support. 3: 110.42.
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, Sept 03, 2018
2018-09-03
When the European market opens, some Economic Data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will not release any Economic Data today, so amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1653. Strong Resistance:1.1646. Original Resistance: 1.1635. Inner Sell Area: 1.1624. Target Inner Area: 1.1597. Inner Buy Area: 1.1570. Original Support: 1.1559. Strong Support: 1.1548. Breakout SELL Level: 1.1541.
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.
EUR/JPY Approaching Support, Prepare For Bounce
2018-09-03
EUR/JPY is approaching its support at 128.56 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 129.81 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
EUR/JPY is approaching its support where we expect to see a bounce.
Buy above 128.56. Stop loss at 127.86. Take profit at 129.81.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1653. Strong Resistance:1.1646. Original Resistance: 1.1635. Inner Sell Area: 1.1624. Target Inner Area: 1.1597. Inner Buy Area: 1.1570. Original Support: 1.1559. Strong Support: 1.1548. Breakout SELL Level: 1.1541.
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.
EUR/JPY Approaching Support, Prepare For Bounce
2018-09-03
EUR/JPY is approaching its support at 128.56 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 129.81 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
EUR/JPY is approaching its support where we expect to see a bounce.
Buy above 128.56. Stop loss at 127.86. Take profit at 129.81.
Technical analysis of Gold for September 3, 2018
2018-09-03
Gold price remains in a short-term trend reversal phase having made an important low at $1,159. Price is making higher highs and higher lows. Gold has still potential to reach $1,220-30 as long as it holds above $1,195.
Black lines -wedge pattern
Blue line -short-term support
Red line - short-term resistance
Gold price has short-term support at $1,200-$1,195. Resistance is at $1,208-11 area. If Gold price breaks above resistance I will be expecting Gold price to continue towards $1,220-30 area. If price breaks below support, I will be expecting Gold price to reach and back test the upper wedge boundary around $1,180. If price breaks below $1,180 we should be expecting Gold price to make new lows towards $1,140.
2018-09-03
Gold price remains in a short-term trend reversal phase having made an important low at $1,159. Price is making higher highs and higher lows. Gold has still potential to reach $1,220-30 as long as it holds above $1,195.
Black lines -wedge pattern
Blue line -short-term support
Red line - short-term resistance
Gold price has short-term support at $1,200-$1,195. Resistance is at $1,208-11 area. If Gold price breaks above resistance I will be expecting Gold price to continue towards $1,220-30 area. If price breaks below support, I will be expecting Gold price to reach and back test the upper wedge boundary around $1,180. If price breaks below $1,180 we should be expecting Gold price to make new lows towards $1,140.
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