US CB Consumer Confidence: Tuesday, 14:00. The Conference Board’s gauge of economic sentiment has dropped off the peak levels but remains elevated. Indeed, consumers disappointed retailers in September. The figure for October is set to rise from 125.1 to 128.2 points.
USD
US CB Consumer Confidence
- EURUSD
The pair has been traded below the downtrend line for a long time which confirms the strength of the downtrend. Therefore, we are bearish as long as the pair is traded below the downtrend line. First target: 1.1000.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.1200 ▪ 1.1180 ▪ 1.1150 |
▪ – ▪ – ▪ 1.1060 |
We are bearish as long as the pair is traded below the downtrend line. |
- GBPUSD
The chart above shows that the pair is traded above a strong support level that is 1.2735. Therefore, we are bullish as long as the pair is traded above it. Our first target is 1.2900 followed by 1.3000. Conditioned by the continuation of trading above the level of 1.2735.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.36 ▪ 1.3310 ▪ 1.30 |
▪ – ▪ – ▪ 1.2735 |
We are bullish as long as the pair is traded above the level of 1.2735. |
- GOLD
Last week, we had a false breakout to the upside of the downward channel shown on the chart above. Therefore, we are bearish as long as the pair is traded below the upside of the channel. Our first target is: 1475.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1550 ▪ 1515 |
▪ 1478 ▪ 1430 ▪ 1425 |
We are bearish as long as the pair is traded below the upside. |
- AUDUSD
The pair is traded below a strong resistance level that is 0.6885. Therefore, we are bearish as long as the pair is traded below it. Our first target is 0.68 followed by 0.67.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.7550 ▪ 0.7600 ▪ 0.7000 |
▪ 0.68 ▪ 0.67 ▪ – |
We are bearish as long as the pair is traded below the level of 0.6885. |
- GBPJPY
The chart above shows the pair is traded above a strong support level that is 138. Therefore, we are bullish as long as the pair is traded above it. Our first target is 141.20.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 142 ▪ 141 ▪ 140 |
▪ 132 ▪ 131 ▪ 130 |
We are bullish as long as the pair is traded above the level of 138 |
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