Forex News (ETX Capital)

Forex News (ETX Capital)

EUR/USD Intraday: further advance.

Pivot: 1.1480

Our preference: long positions above 1.1480 with targets @ 1.1590 & 1.1630 in extension.

Alternative scenario: below 1.1480 look for further downside with 1.1450 & 1.1415 as targets.

Comment: The pair is trading within a bullish channel.

GBP/USD Intraday: the upside prevails.

Pivot: 1.4575

Our preference: long positions above 1.4575 with targets @ 1.4700 & 1.4730 in extension.

Alternative scenario: below 1.4575 look for further downside with 1.4520 & 1.4465 as targets.

Comment: the RSI is mixed to bullish.

Gold spot Intraday: bullish bias above 1287.00.

Pivot: 1287.00

Our preference: long positions above 1287.00 with targets @ 1304.00 & 1314.00 in extension.

Alternative scenario: below 1287.00 look for further downside with 1281.00 & 1270.00 as targets.

Comment: a support base at 1287.00 has formed and has allowed for a temporary stabilisation.

Source: ETX Capital (Review and Forex Rebates Up to 85%)

About ETX Capital

ETX Capital offers Dark Pools, Algo trading, VWAP and TWAP and Stop Losses. The firm has direct access to market makers throughout the UK whilst also trading on the RSPs with Market Makers, ensuring our clients have access to the most competitive prices.

Licenses and Regulations

Monecor (London) Ltd is a member firm of the London Stock Exchange. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721.