Daily Trading Strategy On Currencies & Commodities

[FXTechstrategy Team]

Hi all,

Today, we are looking at GOLD.

Although the commodity is maintaining its broader medium term downtrend, we think in the short term GOLD should head higher. We think based on its Friday and Monday price action it faces a move higher on corrective recovery following its rejection candle formation on the above mentioned days.
Another back up to this is the commodity's continued hold above its strong support located at 1069.46. As long as as that zone remains unbroken, we envisage a recovery higher.
We see resistance around the 1117.00 with a break exposing the 1126.73. If downside move is seen, support comes in at 1096.00. Below here will push GOLD further towards the 1082.50 level

Strategy: We look to buy GOLD at 1106.50, our stop loss will be at 1093.86 and price targets are at 1120.00 & 1127.50

Note that we will be providing updates on this trade idea.

Have a wonderful trading day!

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now

 

[FXTechstrategy Team]

Hi All,

We wanted to update you the latest on our GOLD trade. The buy trade was triggered (at 1106.50) on Tuesday and the commodity is now strengthening strongly. So at this stage you should move your stop loss higher to 1115.00 level as we wait for more gain to occur.

That meaning you are locking in your gains and at the same in a risk free trade.

We will update you further as the trade progresses.
Happy trading

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now

Hi all,

Today, we are looking at GOLD.

Although the commodity is maintaining its broader medium term downtrend, we think in the short term GOLD should head higher. We think based on its Friday and Monday price action it faces a move higher on corrective recovery following its rejection candle formation on the above mentioned days.
Another back up to this is the commodity's continued hold above its strong support located at 1069.46. As long as as that zone remains unbroken, we envisage a recovery higher.
We see resistance around the 1117.00 with a break exposing the 1126.73. If downside move is seen, support comes in at 1096.00. Below here will push GOLD further towards the 1082.50 level

Strategy: We look to buy GOLD at 1106.50, our stop loss will be at 1093.86 and price targets are at 1120.00 & 1127.50

Note that we will be providing updates on this trade idea.

Have a wonderful trading day!

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now

 

[FXTechstrategy Team]

Hi all,
This is to let you know that our GOLD trade price targets at 1120.00 & 1127.50 have both been met.

If you are yet to take your profits, you should do so now.

You will receive fresh updates for Monday trading on Sunday afternoon.

Happy trading from FXTechstrategy Team

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now

Hi all,

Today, we are looking at GOLD.

Although the commodity is maintaining its broader medium term downtrend, we think in the short term GOLD should head higher. We think based on its Friday and Monday price action it faces a move higher on corrective recovery following its rejection candle formation on the above mentioned days.
Another back up to this is the commodity's continued hold above its strong support located at 1069.46. As long as as that zone remains unbroken, we envisage a recovery higher.
We see resistance around the 1117.00 with a break exposing the 1126.73. If downside move is seen, support comes in at 1096.00. Below here will push GOLD further towards the 1082.50 level

Strategy: We look to buy GOLD at 1106.50, our stop loss will be at 1093.86 and price targets are at 1120.00 & 1127.50

Note that we will be providing updates on this trade idea.

Have a wonderful trading day!

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now

 

[FXTechstrategy Team]

Hi all,

Today, we are looking at EURJPY

The pair looks to build up on its Monday strength and we look to buy it. This latest price action development is coming on the back of a reversal of almost all of its Friday losses on Monday. As long as the 0.9667/44 support zone remains unbroken, we look for bull pressure to build up in the days ahead.

STRATEGY:

• Buy at 0.9754
• Stop loss at 0.9680
• Price targets at 0.9845 & 0.9895

We will add fresh updates as the trade progresses.

Happy trading from FXTechstrategy Team

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now

 

[FXTechstrategy Team]

Hi All,

Today we will be looking at EURUSD.

EURUSD looks to move higher towards its key resistance at 1.1288/1.1318 zone. This is coming on the back of its strengthen to reverse its Monday losses on Tuesday. We could see a retest of the 1.1288/1.1318 zone or a violation.On the upside, resistance is seen at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. We look to buy this pair

STRATEGY:

• Buy at 1.1261,
• Stop Loss at 1.1194,
• Price target at 1.1361 & 1.1395

We will add fresh updates as the trade progresses.

Happy trading from FXTechstrategy Team

If you want to trade profitably learn more about our analysis and trade ideas for 10 currencies and 5 commodities daily, Check It Out Now