Monday, February 4, 2019

Trading opportunities and market analysis for February 5, 2019

EUR / CAD Technical Analysis for February 5, 2019
Follow the currency analysis which you published yesterday, we find that the pair continued trading at the highest support level strong 1.49841, but without a clear break to the resistance levels which failed to approach yesterday, but the RSI is still moving positively so we remain a positive outlook for the pair with the likelihood to target regions areas The main resistance is 1.50452 and 1.51062 respectively during the week
Trading Recommendation
Buy the pair from the current levels 1.50026
Take the first take profit 1.50452
Take Second take Profit 1.51062

EUR / AUD Technical Analysis for February 5, 2019
Follow-up to the currency analysis, which you published yesterday, we find that the pair continued to trade above the key support area 1.57210 while it failed to breach the resistance level 1.5853 while the RSI is showing some positive in an attempt to break up
Trading Recommendation
The pair is now in the area of ​​purchase we set yesterday 1.5747 so we prefer to buy from that area now and repurchase if it retreated to the area 1.5716
Profit taking is the same as the resistance level set at 1.5853


EUR / NZD Technical Analysis for February 5, 2019
A continuation of the currency analysis, which you published yesterday, we find that the pair is still unable to break through the resistance zone 1.6662 or retreat towards the major support areas at 1.6520 but after monitoring the pair during yesterday's trading we noticed that it succeeded in building strong support at 1.65558 is currently based on the attempt to break the initial resistance 1.6662 with a clear positive on the RSI so we prefer to start buying the pair now

Trading Recommendation
Buy the pair from current levels 1.65790 and repurchase at 1.6490
The profit taking level is the same as the targeted resistance level of 1.6662


EUR / USD Technical Analysis for February 5, 2019
Following the currency analysis which I published yesterday, we find that the pair failed to base on the first major support areas at 1.14594 but now it is based on the strong support area 1.14280, which represents a strong support area that could help the pair to bounce back towards target resistance areas but we have negative on The Relative Strength Index may push the pair further bearish that we expect to end during this week's sessions, while the current areas remain technically appropriate areas to buy
Trading Recommendation
Exploitation of the pair negatively affected the RSI on the FERM and buying from the current levels 1.14310 and repurchasing in volumes above 1.1418 levels if the downside continues

Take Profit 1.15051


GBP / AUD Technical Analysis for February 5, 2019
Following the currency analysis, which was published yesterday, we find that the pair is still trading above the strong support of 1.79443 but a clear positive signal on the RSI has started after achieving a clear sell saturation during yesterday's trading, which gave it the momentum to return to the major resistance areas above 1.8170
Trading Recommendation
Buy from the current levels 1.79595
take profit at 1.8170 resistance level


GBP / CAD Technical Analysis for February 5, 2019
Following the currency analysis, which I published yesterday, we find that the pair moved in line with expectations despite some limited decline in yesterday's trading with a clear positive on the RSI coming from a clear sell saturation during last week's trading and based on strong support at 1.7000 which is still holding up so far which makes us expect The pair will break through the initial resistance levels 1.7242 and trading stability above that area will push the pair directly towards 1.7300
Trading Recommendation
Re-buy the pair from the current areas 1.7090
Take Profit 1.7242


GBP / USD Technical Analysis for February 5, 2019
Following the currency analysis, which I published yesterday, we find that the pair moved in line with expectations despite some limited decline to the 1.3020 areas which represented the end of the declines but gave the pair strong momentum to regain its ability to rise above its 8-day average with a positive move on RSI attempts to breach the resistance level 1.3105, which will signal the pair's ability to return to 1.3300 areas again after declines affected by British events
Trading Recommendation
Re-buy the pair from current levels 1.3042
Take the first profit 1.3137
Earning the second profit 1.3153

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