09 November 2017

US jobless claims: Thursday, 13:30. The weekly barometer of the jobs market returned to normality after long weeks of distorted data due to the hurricanes. The publication is usually overshadowed by other events, but this week it gets a bigger share of the limelight. A small rise from 229K to 231K is on the cards.

USD
US jobless claims

  • EURUSD

US jobless claims: Thursday, 13:30. The weekly barometer of the jobs market returned to normality after long weeks of distorted data due to the hurricanes. The publication is usually overshadowed by other events, but this week it gets a bigger share of the limelight. A small rise from 229K to 231K is on the cards.

 

 

 

Resistance levels: Support levels: Recommended:
▪ 1.2000
▪ 1.2100
▪ 1.1660
▪ 1.1500
▪ 1.1300
We remain bearish as long as the pair is traded below the level of 1.1660.

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  • GBPUSD

Update: we remain bullish. As could be seen on the chart above that the pair is traded above an uptrend line shown in red on the chart. This is where we can go long. So, if the price goes down to reach that level, and in case it shows up some positive factors we can go long targeting the level of 1.3250 followed by 1.3450.

Resistance levels: Support levels: Recommended:
▪ 1.3700
▪ 1.3650
▪ 1.2990
▪ 1.2900
▪ 1.2800
Waiting for the pair to reach one the levels mentioned in the report.
  • GOLD

Update: On its way to the level of 1300. The pair is traded above a strong support level at 1267 and it managed to hold above it so we believe that as long as the pair is traded above it, it is highly recommended to go long targeting the level of 1290 followed by 1300 during the week.

 

Resistance levels: Support levels: Recommended:
▪ 1350
▪ 1305
▪ 1300
▪ 1267
▪ 1260
We remain bullish as long as the pair is traded above the level of 1267.
  • AUDUSD

Update: we remain bearish. The pair managed to form a head and shoulders patter shown on the chart above and it also managed to break through the nick line of the pattern so this has opened the door for the pair for further downward movement that it may reach the level of 0.7500 followed by 0.7400.

Resistance levels: Support levels: Recommended:
▪ 0.8100
▪ 0.8060
▪ 0.7940
▪ 0.7400
▪ 0.7500
We remain bearish as long as the pair is traded below the nick line of the pattern.
  • GBPJPY

Update: on its way to the level of 148. The pair managed to form a bullish harmonic pattern that it may go down to reach the uptrend line shown on the chart that is where we can go long (PRZ) so we will be waiting for the pair to reach that level.

Resistance levels: Support levels: Recommended:
▪ 152
▪ 151
▪ 155
▪ 148
▪ 147
Waiting for the pair to reach the uptrend line.

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