2018-09-21
In Asia, Japan will release the All Industries Activity m/m, Flash Manufacturing PMI, and National Core CPI y/y. The US is due to release a few economic reports such as Flash Services PMI and Flash Manufacturing PMI. So, there is a probability the USD/JPY pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Resistance. 3: 113.11.
Resistance. 2: 112.89.
Resistance. 1: 112.67.
Support. 1: 112.39.
Support. 2: 112.17.
Support. 3: 111.95.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level 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 carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Technical analysis: Intraday levels for EUR/USD, Sept 21, 2018
2018-09-21
When the European market opens, some economic data will be releasedsuch as Flash Services PMI, Flash Manufacturing PMI, German FlashServices PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release a few economic data too such as Flash Services PMI and Flash Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1834.
Strong Resistance:1.1827.
Original Resistance: 1.1816.
Inner Sell Area: 1.1805.
Target Inner Area: 1.1777.
Inner Buy Area: 1.1749.
Original Support: 1.1738.
Strong Support: 1.1727.
Breakout SELL Level: 1.1720.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level 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 carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Technical analysis of EUR/USD for September 21, 2018
2018-09-21
EUR/USD has broken above resistance of 1.1730 yesterday and is now trading around 1.1770. Trend remains bullish. This break out is a bullish sign and suggests that any pull back should be bought as we should be heading towards 1.19-1.21. It is important though that price does not fall below 1.1660.
Black line - resistance (broken)
Red line - support
Red rectangle - pull back target and important support
EUR/USD continues to make higher highs and higher lows. Price has broken through the multiple top at 1.1730 and should continue above 1.18 today. Any pull back should not break below 1.17-1.1725. A break below this support area will increase the chances of the break out being a false one. Major support trend line is at 1.1660. Breaking below this level will cancel my bullish view.
Technical analysis of Gold for September 21, 2018
2018-09-21
Dollar weakness yesterday helped Gold rise towards its August highs and major short-term resistance and upper channel boundary. Longer-term trend remains bearish. Gold price is at major short-term resistance.
Red line - support
Red rectangle - pull back target and important support
EUR/USD continues to make higher highs and higher lows. Price has broken through the multiple top at 1.1730 and should continue above 1.18 today. Any pull back should not break below 1.17-1.1725. A break below this support area will increase the chances of the break out being a false one. Major support trend line is at 1.1660. Breaking below this level will cancel my bullish view.
Technical analysis of Gold for September 21, 2018
2018-09-21
Dollar weakness yesterday helped Gold rise towards its August highs and major short-term resistance and upper channel boundary. Longer-term trend remains bearish. Gold price is at major short-term resistance.
Red line - resistance
Blue line - short-term support
Green lines - bearish channel
Gold price is trading near short-term resistance at $1,210. Here we also find the upper channel boundary resistance. A break above this level will open the way for a push towards $1,220-30. Support is at $1,200 and as long as price is above this level trend will remain mildly bullish.
Blue line - short-term support
Green lines - bearish channel
Gold price is trading near short-term resistance at $1,210. Here we also find the upper channel boundary resistance. A break above this level will open the way for a push towards $1,220-30. Support is at $1,200 and as long as price is above this level trend will remain mildly bullish.
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