FXTG Daily Technical Levels – FindYourFX.com

Dow Jones (Dec 13) intraday: the upside prevails.
Pivot: 15025
Our preference: LONG positions above 15025 with 15275 & 15315 as next targets.
Alternative scenario: The downside penetration of 15025 will call for a slide towards 14945 & 14875.
Comment: the RSI broke above a declining trend line.
NZD/USD intraday: further advance.
  Pivot: 0.8305
  Our preference: Long positions above 0.8305 with targets @ 0.8385 & 0.842 in extension.
  Alternative scenario: Below 0.8305 look for further downside with 0.8265 & 0.823 as targets.
  Comment: technically, the RSI is above its neutrality area at 50.
  GOLD (Spot) intraday: key ST resistance at 1287
  Pivot: 1287.00
  Our preference: SHORT positions below 1287 with targets @ 1262 & 1254.
  Alternative scenario: The upside penetration of 1287 will call for 1295 & 1309.
  Comment: as long as 1287 is resistance, look for choppy price action with a bearish bias.
  EUR/USD intraday: further advance.
  Pivot: 1.3545
  Our preference: Long positions above 1.3545 with targets @ 1.3605 & 1.363 in extension.
  Alternative scenario: Below 1.3545 look for further downside with 1.3515 & 1.3485 as targets.
  Comment: the RSI is supported by a bullish trend line.
  AUD/USD intraday: bullish bias above 0.945.
  Pivot: 0.945
  Our preference: Long positions above 0.945 with targets @ 0.952 & 0.955 in extension.
  Alternative scenario: Below 0.945 look for further downside with 0.9415 & 0.9385 as targets.
  Comment: the RSI calls for a new upleg.
  GBP/USD intraday: further advance.
  Pivot: 1.595
  Our preference: Long positions above 1.595 with targets @ 1.6045 & 1.609 in extension.
  Alternative scenario: Below 1.595 look for further downside with 1.591 & 1.588 as targets.
  Comment: the RSI lacks downward momentum.
  ASX 200 (Dec 13) intraday: under pressure.
  Pivot: 5235
  Our preference: Short positions below 5235 with targets @ 5159 & 5140 in extension.
  Alternative scenario: Above 5235 look for further upside with 5262 & 5295 as targets.
  Comment: as long as 5235 is resistance, expect a return to 5159.
  Risk Warning
  Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
  There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.
  Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as ‘stop-loss’ or ‘limit’ orders.
  Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle. Forex Systems is compensated through a portion of the bid/ask spread.

FindYourFX.com is the best Forex broker comparison website; we have already collected more than 30 world top Forex brokers on our website. We do not just provide the detailed information for each Forex broker, but we also provide the highest Forex rebate to our clients. Our mission is that let all our clients and visitors to deeply understand each Forex brokers and sharply reduced our clients trading commissions.

Article Source: www.findyourfx.com

This entry was posted in Report. Bookmark the permalink.

Leave a Reply