2018-09-27
In Asia, Japan today will not release any economic data. However, the US will release a batch of economic data such as Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Prelim Wholesale Inventories m/m, Goods Trade Balance, Final GDP Price Index q/q, Durable Goods Orders m/m, Final GDP q/q, and Core Durable Goods Orders m/m. 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: 113.44.Resistance. 2: 113.22.Resistance. 1: 113.00.Support. 1: 112.72.Support. 2: 112.50.Support. 3: 112.28.
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 froman independent financial advisor if you have any doubts.
Technical analysis: Intraday levels for EUR/USD, Sept 27, 2018
2018-09-27
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 froman independent financial advisor if you have any doubts.
Technical analysis: Intraday levels for EUR/USD, Sept 27, 2018
2018-09-27
When the European market opens, some economic data will be released such as Italian 10-y Bond Auction, Private Loans y/y, ECB Economic Bulletin, M3 Money Supply y/y, German Prelim CPI m/m, and German GfK Consumer Climate. The US will release a series of economic reports such as Natural Gas Storage, Pending Home Sales m/m, Unemployment Claims, Prelim Wholesale Inventories m/m, Goods Trade Balance, Final GDP PriceIndex q/q, Durable Goods Orders m/m, Final GDP q/q, and Core Durable Goods Orders m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS:Breakout BUY Level: 1.1803.Strong Resistance:1.1796.Original Resistance: 1.1785.Inner Sell Area: 1.1774.Target Inner Area: 1.1746.Inner Buy Area: 1.1718.Original Support: 1.1707.Strong Support: 1.1696.Breakout SELL Level: 1.1689.
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 froman independent financial advisor if you have any doubts.
Technical analysis of EUR/USD for September 27, 2018
2018-09-27
EUR/USD had a volatile night as expected after the FOMC. Prices tried to move back above 1.18 but got rejected. We warned that another rejection at 1.18 would be a bearish sign. EUR/USD is now nearly 100 pips lower.
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 froman independent financial advisor if you have any doubts.
Technical analysis of EUR/USD for September 27, 2018
2018-09-27
EUR/USD had a volatile night as expected after the FOMC. Prices tried to move back above 1.18 but got rejected. We warned that another rejection at 1.18 would be a bearish sign. EUR/USD is now nearly 100 pips lower.
Green line - important short-term support
Dark blue dots - maximum strength support
EUR/USD has touched the dark blue dots support area and the upward sloping trend line. Holding above these two support levels and not pushing below 1.17 is a sign that prices are supported and the bullish scenario for a move higher is still open. Risk reward favors the bullish side now at 1.17 with a tight stop at 1.1660. I'm bullish EUR/USD.
Technical analysis of Gold for September 27, 2018
2018-09-27
Gold price remains trapped inside the bearish channel and inside the trading range between $1,211-$1,190. Short-term trend remains neutral. Gold traders should be patient and wait for a breakout sign.
Dark blue dots - maximum strength support
EUR/USD has touched the dark blue dots support area and the upward sloping trend line. Holding above these two support levels and not pushing below 1.17 is a sign that prices are supported and the bullish scenario for a move higher is still open. Risk reward favors the bullish side now at 1.17 with a tight stop at 1.1660. I'm bullish EUR/USD.
Technical analysis of Gold for September 27, 2018
2018-09-27
Gold price remains trapped inside the bearish channel and inside the trading range between $1,211-$1,190. Short-term trend remains neutral. Gold traders should be patient and wait for a breakout sign.
Red lines - trading range
Green lines - bearish channel
Short-term resistance is at $1,203 and next at $1,211. Support is at $1,190 and next at $1,186. Breaking above or below the second important levels will open the way for a move to $1,220-30 or $1,150-40 respectively. So far traders better stay on the sidelines as price continues to trade within the range.
Green lines - bearish channel
Short-term resistance is at $1,203 and next at $1,211. Support is at $1,190 and next at $1,186. Breaking above or below the second important levels will open the way for a move to $1,220-30 or $1,150-40 respectively. So far traders better stay on the sidelines as price continues to trade within the range.
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