AUDUSD, GOLD, WTI | 08 March 2019

AUDUSD

Long-term trend: temporary uncertainty. The maximum accumulation of volumes of the current contract is located in the range, of quotations 0.70913-0.71979. Currently, the pair is trading within the specified range, indicating a temporary uncertainty.

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 0.70937-0.71163 and 0.71380-0.71431. At the moment, the pair is trading lower, which indicates the strength of sellers.

The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum 01.03.2019.

Quotation of the lower boundary of the zone 1/4-0.71026.

Quotation of the lower boundary of the zone 1/2-0.71367.

Intraday objectives: update the lows from 01.03.2019–0.70693.

Medium-term objectives: test the higher bound of GWCZ-0.69961.

Trading recommendations: long-term and medium-term trends in different directions, I recommend staying out of the market or very careful sells from the range of favorable prices 0.71026-0.71367 in the formation of a reversal pattern.


Sell: 0.71026-0.71367, Take Profit 1 - 0.70693, Take Profit 2 - 0.69961.


GOLD

Long-term trend: goes long. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1315.00-1327.19. At the moment, the GOLD is trading lower, which indicates the strength of sellers.

Medium-term trend: goes short. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1326.17-1327.97. At the moment, the GOLD is trading lower, which indicates the strength of sellers.

The area of profitable prices for sell in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the minimum maximum 01.03.2019.

Quotation of the lower boundary of the zone 1/4–1298.88.

Quotation of the lower boundary of the zone 1/2–1308.48.

Intraday objectives: update the lows from 01.03.2019–1290.12.

Medium-term objectives: test the higher bound of SWCZ –1278.90.

Trading recommendations: sells from the range of favorable prices 1298.88-1308.48 in the formation of a reversal pattern.


Sell: 1298.88-1308.48, Take Profit 1–1290.12, Take Profit 2–1278.90.




WTI


Long-term trend: temporary uncertainty.. The maximum accumulation of volumes of the current contract is located in the range, of quotations 57.210-57.477. At the moment, the WTI is trading lower, which indicates the strength of sellers.

Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 57.132-57.277. At the moment, the WTI is trading lower, which indicates the strength of sellers.

The area of profitable prices to buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 01.03.2019.

Quotation of the higher boundary of the zone 1/4–57.031.

Quotation of the higher boundary of the zone 1/2–56.058.

Intraday objectives: update the highs from 01.03.2019–58.037.

Medium-term objectives: test the lower bound of WCZ -59.066.

Trading recommendations: buys from a range of favorable prices 56.058-57.031 in the formation of a reversal pattern.


Buy: 56.058-57.031, Take Profit 1-58.037, Take Profit 2-59.066.


WCZ (weekly control zone)


GWCZ (golden weekly control zone)


SWCZ (silver weekly control zone)



 

James Hoggarth
Analyst of FreshForex
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