Technical Analysis

Support and Resistance for December 06 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2880 114.40 0.7305 24800 1245.00
Resistance 2 1.1480 1.2840 113.80 0.7280 24750 1242.50
Resistance 1 1.1420 1.2770 113.40 0.7240 24700 1240.00
Market 1.1345 1.2735 112.85
0.7200 24620 1236.50
Support 1 1.1340 1.2760 112.70 0.7170 24600 1235.00
Support 2 1.1280 1.2670 112.20 0.7140 24550 1232.50
Support 3 1.1240 1.2620 111.50 0.7100 24500 1230.00
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Market Review for December 06 , 2018

Economic data released through the Asian session this morning was on the lighter side, with key stats limited to October retail sales and trade figures out of Australia.

For the Aussie Dollar, the morning’s numbers were mixed, with retail sales coming in ahead of forecasts, whilst trade data disappointed.

According to the ABS:

October retail sales increased by 0.3%, coming in ahead of a forecasted 0.2% and September 0.1% increase.

  • Clothing, footwear and personal accessory retailing led the gains in the sector, rising by 2.6%.
  • Rises were also seen across 4 of the other retailing sectors, household goods retailing (+0.6%), other retailing (+0.5%), food retailing (+0.2%) and department
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Support and Resistance for December 05 2018 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2880 114.40 0.7380 25300 1245.00
Resistance 2 1.1480 1.2840 113.80 0.7350 25240 1242.50
Resistance 1 1.1420 1.2770 113.40 0.7305 25200 1240.00
Market 1.1345 1.2735 113.20
0.7282 25142 1236.90
Support 1 1.1340 1.2760 112.70 0.7270 25100 1235.00
Support 2 1.1280 1.2670 112.20 0.7240 25040 1232.50
Support 3 1.1240 1.2620 111.50 0.7200 25000 1230.00
Read more ...

Support and Resistance for December 05 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2880 113.80 0.7380 25300 1245.00
Resistance 2 1.1480 1.2840 113.40 0.7350 25240 1242.50
Resistance 1 1.1420 1.2770 113.00 0.7305 25200 1240.00
Market 1.1345 1.2735 112.89
0.7287 25150 1236.50
Support 1 1.1340 1.2760 112.70 0.7270 25100 1235.00
Support 2 1.1280 1.2670 112.20 0.7240 25040 1232.50
Support 3 1.1240 1.2620 111.50 0.7200 25000 1230.00
Read more ...

Market Review for December 05 , 2018

Economic data released through Asian session this morning was on the lighter side, with key stats limited to 3rd quarter GDP numbers out of Australia and China’s November service sector PMI.

For the Aussie Dollar, the Australian economy grew by 0.3% quarter-on-quarter in the 3rd quarter, coming up well short of a forecasted 0.6% and 2nd quarter 0.9%. Year-on-year, the economy grew by 2.8%, coming up short of a forecasted 3.3% and 2nd quarter 3.4%.

According to the ABS,

  • Household consumption propped up growth in the 3rd, with consumption rising by 0.3% driven by non-discretionary spending on food and housing.
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