Technical Analysis

Support and Resistance for December 04 2018 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2940 113.80 0.7480 25440 1247.50
Resistance 2 1.1480 1.2880 113.40 0.7450 25400 1245.00
Resistance 1 1.1420 1.2840 113.00 0.7405 25350 1242.50
Market 1.13.60 1.2790 112.80
0.7387 25300 1238.50
Support 1 1.1340 1.2770 112.70 0.7370 25240 1237.50
Support 2 1.1280 1.2720 112.20 0.7340 25200 1235.00
Support 3 1.1240 1.2670 111.50 0.7300 25130 1232.50
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Support and Resistance for December 04 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2940 113.80 0.7480 25900 1247.50
Resistance 2 1.1480 1.2880 113.40 0.7450 25850 1245.00
Resistance 1 1.1420 1.2840 113.00 0.7405 25800 1242.50
Market 1.1405 1.2814 112.80
0.7387 25740 1239.50
Support 1 1.1340 1.2770 112.70 0.7370 25700 1237.50
Support 2 1.1280 1.2720 112.20 0.7340 25640 1235.00
Support 3 1.1240 1.2670 111.50 0.7300 25600 1232.50
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Market Review for December 04 , 2018

It was a quieter session this morning, with economic data released through the Asian session limited to current account figures out of Australia and retail sales numbers out of the UK, neither of which had a material impact on the respective currencies or the markets in general.

Of greater significance through the morning was the release of the RBA’s rate statement, with few expecting the RBA to move on rates.

For the Aussie Dollar, the RBA held rates unchanged at 1.50%, which was in line with market expectations. Salient points from the rate statement including:

  • There are some signs of a slowdown in global trade, partly stemming from ongoing trade tensions.
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Support and Resistance for December 03 2018 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2870 114.80 0.7450 25900 1240.00
Resistance 2 1.1480 1.2840 114.40 0.7405 25850 1237.50
Resistance 1 1.1420 1.2770 114.00 0.7370 25800 1235.00
Market 1.1355 1.2740 113.65
0.7350 25780 1232.50
Support 1 1.1340 1.2720 112.70 0.7270 25700 1230.00
Support 2 1.1280 1.2660 112.20 0.7240 25640 1227.50
Support 3 1.1240 1.2610 111.50 0.7200 25600 1225.00
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Support and Resistance for December 03 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2905 114.80 0.7450 26200 1237.50
Resistance 2 1.1480 1.2870 114.40 0.7405 26140 1235.00
Resistance 1 1.1420 1.2840 114.00 0.7370 26100 1232.50
Market 1.1365 1.2797 113.49
0.7362 26055 1230.00
Support 1 1.1340 1.2770 112.70 0.7270 26000 1227.50
Support 2 1.1280 1.2720 112.20 0.7240 25950 1225.00
Support 3 1.1240 1.2660 111.50 0.7200 25900 1222.50
Read more ...
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