Wednesday, February 20, 2019

Trading opportunities for February 21, 2019

During yesterday's trading, we saw large movements on the EUR and GBP, and we expected some setbacks which would allow us to buy back some of the EUR / GBP pairs. This is what actually happened. Today we have three opportunities in which the following conditions have been met:

EUR / JPY: Buyback and targets at the second resistance
During yesterday's trading and despite the highs that occurred to the pair, but we preferred to remain neutral and non-purchase from the areas of the 125.90, which arrived yesterday waiting for the pair to decline something to complete technical conditions for repurchase

 Technically we have strong support for the pair at 124.21 and we have a positive direction on the RSI while the pair currently trades above the initial resistance 125.39 and we have a positive direction from the MACD, the pair is also trading above the SMA 50 which makes us prefer to buy the pair targeting the second resistance 125.78

Trading Recommendation
Buy the pair from the current level 125.52
Take Profit 125.78
NB: We preferred not to set long-term targets to exit markets before Friday's close


Euro / USD: to buy with targeting the third resistance at least
 During yesterday's trading despite the highs that occurred to the pair, but we preferred to remain neutral and non-purchase from the areas of 1.13678, which arrived yesterday waiting for the pair to decline something to complete the technical conditions for repurchase and the pair rebounded down, ending the saturation condition, which prevented us from re-buying

Technically we have a clear positive on the RSI and the advanced MACD as the pair trades above the SMA 50 while the strongest support is at 1.1245, which remains positive for the pair

Trading Recommendation
Buy the pair now from the current levels 1.13384
Take Profit 1.1366
NB: We preferred not to set long-term targets to exit markets before Friday's close

Buy GBP USD and the nearest targets at 1.3080
During yesterday's trading and despite the highs that occurred to the pair, but we preferred to remain neutral and non-purchase from the areas of 1.3092, which arrived yesterday waiting for the decline of some of the thing to complete the technical conditions for repurchase and the pair rebounded down, ending the saturation condition, which prevented us from buying back

 Technically we have a clear positive on the RSI and the advanced MACD as the pair trades above the SMA 50 while the strongest support is at 1.2817, which remains positive for the pair

Trading Recommendation
Buy the pair from the current areas 1.3030
Take Profit 1.3080
NB: We preferred not to set long-term targets to exit markets before Friday's close

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