Market Brief / 12 - 01 - 2018

[lordoftruth]

Thank You For Your Support and For
Honoring Me With Your Up Vote..

US dollar remained on the defensive, and EUR jumped 0.7% to $1.2031 as the European Central Bank’s December meeting minutes helped to boost investors’ expectations that the ECB is preparing to reduce its monetary stimulus program.

EUR/USD shot the upper bollinger band while striking the overhead resistance at 1.2060, and strong intraday bullish is maintained by the well-directed 20- and 50-period moving averages.

RSI has entered the over-bought area of the 70s, but shows no sign of a bearish divergence. Above 1.2060, the pair should move up to 1.2100.

On the data slate there’s US CPI; US Retail Sales Advance; US Real Average Weekly Earnings; US Real Average Hourly Earnings; US Business Inventories and US Baker Hughes US Rig Count.

My Personal Trading Plan
SELL EUR/USD @ 1.2050 OR BETTER – STOP @ 1.2090 – TARGET @ 1.1960
SELL GBP/USD @ 1.3550 OR BETTER – STOP @ 1.3600 – TARGET @ 1.3465
BUY USD/JPY @ 111.10 OR BETTER – STOP @ 110.60 – TARGET @ 112.15
SELL CL0218 @ 63.65 OR BETTER – STOP @ 64.00 – TARGET @ 61.00
SELL AUD/USD @ 0.7880 OR BETTER – STOP @ 0.7920 – TARGET @ 0.7785
SELL XAU @ 1325 OR BETTER – STOP @ 1332 – TARGET @ 1298
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.65

THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.

What You Know About --> Fibonacci Retracement in Trending Market.   

If You Are New Steemain Read  --> Get Started Fast with Steemit.   

If You are New in Forex  --> Read Forex Education Center / Volume I.    

If You Feel Invisible on Steemit  --> Come and hang with us.   

What You Know About --> Syrian Civil War.   

Comments

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[juliealexander]

New Market Updates

Technical Price Analysis

1. Verge 2. Steem 3. Nem 4. XLM 5. Bitshares 6. XEM 7. EOS 8. Bitcoin 9. TRX 10. Cardano ADA

Source
https://steemit.com/@salahuddin2004