Market Update: EURUSD Challenges Important High, USDJPY Pierces August 31 High

Watch today’s market update video for a quick update on the world’s major financial markets and economic events.

  • EURUSD is nearing the critical July 31 high of 1.1752, and it could be the start of a multi-week bullish trend if the price manages to close above this level.
  • GBPUSD has more or less reached my profit target, and the price is now slightly overbought in a short-term bullish trend.
  • USDJPY might be about to trade higher as the price moved above the August 29 high of 111.83
  • Gold prices have weak bullish bias above the September 11 low of 1187.
  • WTI crude oil prices remain range bound.
  • S&P 500 reaches my target, and I suspect short-term traders will book profits. In the weeks, ahead I think the price might trade above its 2018 high.
  • DAX 30 ends its short-term bearish trend and could be on its way higher.

Follow Alex on Twitter for more updates like this, and join Tradecaptain on Youtube.


Source link

Leave a Reply