XAU/USD (GOLD):
Improved market sentiment weighed on safe havens Monday, with bullion slipping more than 1.80% vs. the US dollar. As highlighted above, Markets were buoyed after the US agreed to resume trade talks with China and hold off on additional tariffs on $300 billion of Chinese imports.
For traders who read Monday’s report you may remember the...
USD/CHF:
Boosted by improved market sentiment – risk on after the US and China agreed to resume trade talks and suspend any further tariff hikes at the G20 summit at the weekend – the US dollar gathered steam against its Swiss counterpart as demand for safe-haven assets diminished.
From the weekly timeframe, we can see that price action respected the 2018...
XAUUSD is expected to drop to 1st support at 1355.51 where it could potentially react off and up to 1st resistance at 1397.56.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF is approaching its resistance at 0.98547 where it is could reverse down to its support at 0.97940.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP is approaching its resistance at 0.89817 where it is could reverse down to its support at 0.88602.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD is approaching its resistance at 1.31097 where it is could reverse down to its support at 1.30562.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD is approaching its resistance at 0.67090 where it is could reverse down to its support at 0.66805.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY reversed off its resistance at 122.447 where it could potentially drop further to 122.107.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed off its resistance at 1.31137 where it could potentially drop further to 1.30537.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD expected to rise up to 1st resistance at 0.67194 where it could potentially react off and drop down to 1st support at 0.66734.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDUSD is approaching its resistance at 0.70198 where it is could reverse down to its support at 0.69769.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/JPY:
USD/JPY prices settled Thursday unchanged, failing to sustain gains above 108. For folks who read Thursday’s briefing you may recall the following:
As is evident from the H4 timeframe, price action settled just south of a trend line resistance extended from the high 110.67 (now removed from the chart). Although a reaction could be observed from this...
USDCHF bounced off its support at 0.98085 where it could potentially rise further to its 0.98085.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced off its support at 1.31137 where it could potentially rise further to its 1.31634.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDUSD is expected to drop to 1st support at 0.70129 where it could potentially react off and drop down to 1st resistance at 0.69878.
resistance at 28.80
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD is expected to drop to 1st support at 0.67128 where it could potentially react off and drop down to 1st resistance at 0.66742.
resistance at 28.80
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDJPY reversed off its resistance at 74.993 where it could potentially drop further to 74.666.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY is approaching its resistance at 107.816 where it is could reverse down to its support at 107.303.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
