Brent has broken its consolidation range to the downside. Possibly, today the price may test 62.10 from below.
Thread: Technical Analysis.
Brent has broken its consolidation range to the downside. Possibly, today the price may test 62.10 from below.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Gold is trading to rebound from 1268 to the downside. Possibly, the price may continue falling to break 1261 downwards. The next downside target is at 1249.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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ALL ANALYSIS
ANALYSIS | 09:05 GMT
Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
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EURUSD, “Euro vs US Dollar”
The EUR/USD pair has broken another low of the descending wave. Possibly, today the price may test 1.1831 from below. After that, the instrument may form another descending structure with the local target at 1.1723.
EURUSD
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating to break 1.3374. We think, today the price may reach 1.3295. Later, in our opinion, the market may resume growing towards 1.3425.
GBPUSD
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading to rebound from 0.9862 and may continue growing inside the uptrend towards 1.0000. Possibly, today the price may form the ascending structure to reach 0.9958 and then start another correction with the target at 0.9909. After that, the instrument continue moving upwards.
USDCHF
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has returned to 112.45. Possibly, today the price may form another descending structure with the target at 111.76.
USDJPY
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to break 0.7556 to the downside. We think, today the price may continue falling inside the downtrend to reach 0.7522. After that, the instrument may grow to return to 0.7556 and then resume falling with the target at 0.7470.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The USD/JPY pair has returned to 112.45. Possibly, today the price may form another descending structure with the target at 111.76.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
There is an article in "The Telegraph" titled "Boris Johnson and Michael Gove lead cabinet revolt against Theresa May over fears she is forcing a soft Brexit". That may be contributing to the softness in the currency.
Technically, the pair has moved down to test the 200 hour moving average at 1.34022. The low just reached 1.34043 and we are seeing a modest bounce (trading at 1.3409 currently). A move below that level would be more bearish technically.
Yesterday the price did break below that MA level (*at 1.3393) and the 50% of the move up from the November 28th level at 1.33845. However, the next hourly bar, started to find support at its 50% level, and shorts were forced to cover. The high yesterday (after the low) could not extend to the 100 hour MA (blue line).
In the new day, the price has moved back below the 38.2% retracement (at 1.34234 - risk level for shorts now), on its way to the 200 hour MA line (green line). Can it break?
The pair is down about 35 pips from the close. So it is the biggest mover. However, a break below the MA support will be eyed for a more bearish bias. If broken, the 50% at 1.33845 will also need to be breached.
Risk for shorts? As mentioned above, if the sellers are making a play (on Brexit or turmoil or even just technically), The 38.2% at 1.34234 is close risk.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Possibly, today the price may form the ascending structure to reach 0.9958 and then start another correction with the target at 0.9909. After that, the instrument continue moving upwards.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The USD/CHF pair is trading to rebound from 0.9862 and may continue growing inside the uptrend towards 1.0000.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The GBP/USD pair is consolidating to break 1.3374. We think, today the price may reach 1.3295. Later, in our opinion, the market may resume growing towards 1.3425.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The EUR/USD pair has broken another low of the descending wave. Possibly, today the price may test 1.1831 from below. After that, the instrument may form another descending structure with the local target at 1.1723.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
There is optimism over a 20% corporate tax cut and the need for the Fed to continue its path of normalisation throughout 2018 and into 2019.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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