Ekaterina Fechina
Company Representative
- Messages
- 522
Issue №19 from 18/10/2014
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
On Friday, the euro was almost unchanged against the US dollar, trading near the three-week high, as the world economic problems fell slightly on Thursday after the US positive data publication.
Trading recommendations
The pair euro/dollar was trading in the third growth wave. We consider the growth target to be the level of 1.2900. Further we expect the correction to the level of 1.2760. Then we will consider the fifth structural growth with the target at the level of 1.3000.
Pound
The pound/dollar will likely be traded in a higher range, receiving support both from investors who are more inclined to take risks and from the pound demand against other major currencies. But the pair GBP/USD is likely to be limited due to the improving sentiment towards the US dollar.
Trading recommendations
The pair pound/dollar is trading in the third growth wave. At present, we consider the level of 1.6140 testing. Then, we expect a correction back to the level of 1.6040. Further, we will consider the fifth structural growth with the target testing the level of 1.6200.
Yen
The yen retreated from a five-week high against the dollar as the US good macroeconomic indicators partly returned the investors’ confidence in the economic growth.
The US two-year bond yields have risen to 0.335 % from the marked 17-month 0.244 % low in the mid-week.
Trading recommendations
The pair dollar/yen offers the market to consider the possible correction with the growth to the level of 107.10. At present, we consider this structural components upwards to the level of 106.60 and downwards to the level of 106.00. Then we will consider the target the level of 107.10 testing. Later, we expect another trend decline downwards to the level of 105.00.
Gold
On Friday the gold price is showing its decrease as the world economic problems fell slightly after the US positive data publication on Thursday but concerns over the eurozone perspectives are still preserved.
Trading recommendations
The gold was trading within consolidation. At present, we consider the possible growth to the level of 1253. Then we expect the further decline back to the level of 1235 with its upward testing. Afterwards we consider the growth continuation to the level of 1280.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
On Friday, the euro was almost unchanged against the US dollar, trading near the three-week high, as the world economic problems fell slightly on Thursday after the US positive data publication.
Trading recommendations
The pair euro/dollar was trading in the third growth wave. We consider the growth target to be the level of 1.2900. Further we expect the correction to the level of 1.2760. Then we will consider the fifth structural growth with the target at the level of 1.3000.
Pound
The pound/dollar will likely be traded in a higher range, receiving support both from investors who are more inclined to take risks and from the pound demand against other major currencies. But the pair GBP/USD is likely to be limited due to the improving sentiment towards the US dollar.
Trading recommendations
The pair pound/dollar is trading in the third growth wave. At present, we consider the level of 1.6140 testing. Then, we expect a correction back to the level of 1.6040. Further, we will consider the fifth structural growth with the target testing the level of 1.6200.
Yen
The yen retreated from a five-week high against the dollar as the US good macroeconomic indicators partly returned the investors’ confidence in the economic growth.
The US two-year bond yields have risen to 0.335 % from the marked 17-month 0.244 % low in the mid-week.
Trading recommendations
The pair dollar/yen offers the market to consider the possible correction with the growth to the level of 107.10. At present, we consider this structural components upwards to the level of 106.60 and downwards to the level of 106.00. Then we will consider the target the level of 107.10 testing. Later, we expect another trend decline downwards to the level of 105.00.
Gold
On Friday the gold price is showing its decrease as the world economic problems fell slightly after the US positive data publication on Thursday but concerns over the eurozone perspectives are still preserved.
Trading recommendations
The gold was trading within consolidation. At present, we consider the possible growth to the level of 1253. Then we expect the further decline back to the level of 1235 with its upward testing. Afterwards we consider the growth continuation to the level of 1280.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.