Fecha Actual:July 25, 2024

Price action trading August 21st

EURUSD remained mixed in the market session. The preference remains selling below 1.09 and buying above 1.0910. At the moment the market would be expectant with the European production data if the final result benefits production let’s go shopping. The most important thing within these levels is to wait for buying confirmation on 1.09. The targets extend to 1.0930/1.0950.

GBPUSD remained mixed in the session, both buyers and sellers taking place in today’s session. The preference is buyer on 1.27. The positioning levels are between 1.2680 and 1.27 while they take profit between 1.2760 and 1.2750. United Kingdom publishes its production data. Above 1.2750 the final preference is buyers, the possible extensions, buyers could exceed 1.2780.

USDCAD remained buyer during the day. The preference is split at 1.3550. From 1.3550 the intervals are for sale up to 1.3540 and 1.3530. Then from 1.3530. Above 1.3550 we could be talking about maximums between 1.3560 and 1.3570, therefore we rule out buyers for now. But purchases must be made at prices close to 1.35 or less.

XAUUSD below 1,900 there is no sustained market. Still sale remains the preference. We will be tempted to the minimum gold levels but at the moment it is uncertain. It is important not to anticipate purchases.


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