Market Brief / 22 - 01 - 2018
Honoring Me With Your Up Vote..
ICE US Dollar Index bounced to 90.72 after the negotiation between a Democratic leader in Congress and President Donald Trump on Friday. EUR/USD weakened 0.1% to 1.2222.
EUR/USD rebounded from 1.2215 and broke above its 20- and 50- period moving averages and RSI calls for a bounce. The downside potential should be limited by the key support at 1.2215. So, as long as this key level is not broken, a further upside to 1.2290 seems more likely to occur. Alternatively, below 1.2215 expect a return with 1.2150 as target.
On the data slate there’s German Buba Monthly Report; US Chicago Fed National Activity Index and US 3- and 6-Month Bill Auctions.
SELL EUR/USD @ 1.2250 OR BETTER – STOP @ 1.2290 – TARGET @ 1.2150
SELL GBP/USD @ 1.3900 OR BETTER – STOP @ 1.3970 – TARGET @ 1.3765
BUY USD/JPY @ 110.60 OR BETTER – STOP @ 110.30 – TARGET @ 112.10
SELL CL0318 @ 63.10 OR BETTER – STOP @ 64.00 – TARGET @ 62.05
SELL AUD/USD @ 0.8010 OR BETTER – STOP @ 0.8070 – TARGET @ 0.7925
SELL XAU @ 1330 OR BETTER – STOP @ 1342 – TARGET @ 1305
SELL XAG @ 17.10 OR BETTER – STOP @ 17.50 – TARGET @ 16.10
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Thank you for your respect to us.nice post .
You are also welcome dear.
You're so nice for commenting on this post. For that, I gave you a vote! I just ask for a Follow in return!
Excellent post beautiful presented and explained. detail oriented with nice trending information. thanks for sharing.
upvote & resteem
Outstanding market report. Upvote and honour you.
Very good update dear @lordoftruth
So important over all...
Carry on your own way .
Thanks for sharing
thanks for the daily update..actually it very useful for me :)
this tips will definitely come in handy
thanks @lordoftruth
manage my little upvote
No problem, you’re a great content maker!
Thank you very much
-cheers-
@lordoftruth thank for great article
Thank you for this information. I know it is personal but it is well-thought out, based on good research.
I do know something about Fibonacci principles but I do not know how to apply them to read market trends. I will deeply appreciate if you can help.