FXOptimax Market Analysis

10th July 2018 Market Outlook


Euro Aussie – EUR/AUD started to decline lower after price rejected its 1.5850–1.5800 resistance area as we expected in our 4th July 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue its decline in the coming days.

EURAUDrDaily

 

Silver – Silver pullback into its 16.30–16.20 resistance area and rejected it as we expected in our 4th July 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

XAGUSDrH4

 

Aussie Yen – AUD/JPY rally higher after price bounce off from its 80.60 support level. Given that price is currently trading within the range of 84.70–84.10 resistance area and 80.60 support level, we are likely going to see price rally higher into its 84.70–84.10 resistance area in the near term.

AUDJPYrDaily

Posted on 2018-07-10 09:01:25

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