Monday, August 6, 2018

Analysis of currencies and metals for the week 6 August 2018


The markets closed last Friday on sharp declines on most currencies against the dollar, also fell gold to levels of 1205, the Euro and the British pound lost its gains last month  despite of the rise in the British interest rate   while keeping the US interest rate unchanged retreat Gold sharply to score the lowest level in three months
In the midst of these highly volatile markets we can open the following trades


BUY EUR JPY @ 128.60      SL 126                        TP 129.85 & 131
BUY EUR USD @ 1.15560  SL 1.14000     TP 1.1628 & 1.17400
BUY GBP JPY @ 144.70      SL 141                        TP 145.90 & 151
BUY GBP USD @ 1.2990    SL 1.2700       TP 1.3073 & 1.3300
BUY NZD USD @ 0.6740    SL 0.6500       TP 0.6790 & 06900
BUY USD JPY @ 111.11      SL 109                        TP 112.20 & 113
BUY GOLD @ 1209             SL 1180          TP 1229 & 1244

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