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14th February 2018 Market Outlook


Euro Dollar – EUR/USD rally higher after price rejected its 1.2270 support level as we expected in our 13th February 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position and have the first target set near previous swing high at around 1.2520 price level to lock in profits if price moves in our favour.

EURUSDrDaily

 

USD/PLN – USD/PLN decline lower after price rejected its 3.4300 resistance level as we expected in our 13th February 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher in the coming days. There’s no immediate support level below which offer traders massive profit margin to trade the long side of the market.

USDPLNrDaily

 

Japanese Yen – USD/JPY is trying to breakout below its 108.20–107.50 support area. If price is able to breakout below its support area, we are then likely going to see further decline coming into this market in the coming weeks. Since it could be a new bearish run if price breakout below its 108.20–107.50 support area, traders may consider shorting this market to jump on the bearish trend.

USDJPYrDaily

Posted on 2018-02-14 06:30:02

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