Market Brief / 17 - 01 - 2018

in #forex7 years ago

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

EUR/USD retreated to the session low at 1.2193, it rebounded to 1.2271 after the speech from ECB official Francois Villeroy de Galhau, and broke above its 20-and 50-period moving averages.

RSI is bullish, look for a new challenge to 1.2390. Alternatively, only a break below 1.2240 would trigger a return with 1.2150 as target.

On the data slate there’s German 30-Year Bond Auction; Euro-Zone CPI; UK MPC Member Saunders Speech; US Mortgage Applications; US Redbook Index; US Industrial Production; US Capacity Utilization; US Housing Market Index; US Total Net TIC Flows; US FOMC Member Mester Speech and US Weekly Crude Oil Stock.

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My Personal Trading Plan

SELL EUR/USD @ 1.2295 OR BETTER – STOP @ 1.2350 – TARGET @ 1.2150
SELL GBP/USD @ 1.3810 OR BETTER – STOP @ 1.3870 – TARGET @ 1.3700
BUY USD/JPY @ 110.50 OR BETTER – STOP @ 110.10 – TARGET @ 111.50
SELL CL0318 @ 63.80 OR BETTER – STOP @ 64.20 – TARGET @ 63.00
SELL AUD/USD @ 0.7990 OR BETTER – STOP @ 0.8030 – TARGET @ 0.7865
SELL XAU @ 1345 OR BETTER – STOP @ 1352 – TARGET @ 1330
SELL XAG @ 17.30 OR BETTER – STOP @ 17.70 – TARGET @ 16.60

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.

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

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Good post admiration for you from Venezuela

what a nice pic and post it is! i really like it. hope that people of all ages like it.so thanks for sharing with us...keep it up...

great pic
nice pic

Woww hermano grandiosas imágenes mucha suerte y éxitos para su blog, un saludo desde Venezuela:)

Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing @lordoftruth

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great post. this post helpful for me

Thank you
-cheers-

Nice post 😊

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