Market Brief / 22-08-2017

The EUR/USD pair is holding on the upside. The upward momentum is further reinforced by the rising 50-period moving average. The RSI is bullish and calls for another upside.

Hence, as long as 1.1775 is support, a new challenge to 1.1830 and even 1.1905 seems more likely to occur. Alternatively, below 1.1770, expect a return with 1.1730 and 1.1690 as targets.

On the data slate there’s Switzerland Trade Balance; Switzerland Imports & Exports; UK Public Sector Net Borrowing; German ZEW Survey; Euro-Zone ZEW Survey; UK Industrial Trends Survey; US Redbook Index; US Housing Price Index; US Richmond Fed Manufacturing Index; US 4-Week Bill Auction and US Weekly Crude Oil Stock.

BUY EUR/USD @ 1.1780 OR BETTER – STOP @ 1.1710 – TARGET @ 1.1905
BUY GBP/USD @ 1.2890 OR BETTER – STOP @ 1.2840 – TARGET @ 1.2965
SELL USD/JPY @ 109.60 OR BETTER – STOP @ 110.10 – TARGET @ 109.00
BUY CL1017 @ 47.50 OR BETTER – STOP @ 47.00 – TARGET @ 49.80
BUY AUD/USD @ 0.7915 OR BETTER – STOP @ 0.7865 – TARGET @ 0.7990
BUY XAU @ 1285 OR BETTER – STOP @ 1278 – TARGET @ 1310
BUY XAG @ 16.90 OR BETTER – STOP @ 16.40 – TARGET @ 17.70

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.

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

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

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

Every comment, every upvote, every support is really appreciated.
Thanks For Reading