Buy EUR/USD, Sell USD/ZAR. Trade on 30 min slots, use 50,10 and 5 EMA charts as reference.
Forex4Ubuntu
Forex4Ubuntu is a local Foreign Exchange programme that aims to financially develop young individuals by teaching them currency and commodities' trading.
Look out for the Non Farm Payroll (NFP) report today, forecasted 01:30 pm stats @ 161K rise from previous 156k.
Trade major currency EUR/USD.
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Today's Market overview, as the USA announces the NFP report.
Hot tip: Buy EUR/USD.
Analysis: EUR/USD
Possible bullish price movement towards the resistance 1.1123 within the next 2 days.
Resistance levels (upward trend) @ 1.1123 and support levels(downward trend) @ 1.1086
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Summary EUR/USD Today
Target Level : 1.1174
Target Period : 4 hours
Market Analysis:
Possible bullish price movement towards the resistance 1.117 within the next 4 hours.
Supporting Indicators :
Upward sloping Moving Average
Resistance:
1.11744 hours high volatility level
Support:
1.11294 hours low volatility level
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GBP/USD continues to slide downward losing 2.25% today, i.e. 305 pips trading @ 1.3350.
GBP/USD
After Brexit, the pound continues to suffer agaiinst all major currencies, particularly against the dollar.
Summary :
Target Level : 1.3353
Target Period : 3 hours
Technical Analysis
Possible bearish price movement towards the support 1.3353 within the next 3 hours
Supporting Indicators :
Downward sloping Moving Average
Resistance:
1.34544 hour high volatility level
Support:
1.33534 hour low volatility level
Gold is loosing today, loosing $22 to $1 2 66,75/oz.
This trend is the worst for Gold this month.
Watch out for Thursday's oil prices announcement, a time to make real profits.
EUR/USD analysis
Target Level : 1.1348
Target Period : 3 days
Analysis :
Channel Down identified, Possible bullish price movement towards the resistance 1.135 within the next 3 days.
Resistance Levels :
1.1348Last resistance turning point of Channel Down.
Support Levels
1.1179Last support turning point of Channel Down.
17/05/2016
There it is with crude oil. 65% traders executed the "buy" option. Bullish trend continues.
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