Daily Forex Brief, December 04 - Top 5 Forex Trading Signals!

Gold


The GOLD market is struggling to close over the resistance at 1852.0. A close over 1852.0 should secure a turnaround and launch a drive to higher levels. A continued roll off from 1852.0 today warns for a drop back lower. A close under 1811.0 is needed to rekindle bear trending selloffs ⇒ 1791.0.


FREE FOREX TRADING SIGNALS



SILVER

The SILVER market is struggling to close over the resistance at $24.30. A close over $24.30 should secure a turnaround and launch a drive to higher levels. A continued roll off from $24.30 today warns for a drop back lower. A close under $23.52 is needed to rekindle bear trending selloffs ⇒ $22.65.



EURUSD:

The market is overbought for five consecutive days and showing the begining for a Down curve on MACD. The EURUSD is signaling a start for a bear downturn with the breakout under the previous swing low opening up potential for a wash to 1.2044 - 1.2016. Trade is poised for follow through pressing declines. Any corrections will likely stay trapped below 1.2180. R2 1.2185 R1 1.2165 S1 1.2121 S2 1.2100




USDCHF:

Overall the USDCHF market is bearish with a downside breakout likely sending trade to attack a 0.8859 low. A close under 0.8859 is bearish. Corrective rebounds trapped by 0.8920 will maintain bear forces. A close over 0.9032 (SAR) confirms the start of a reversing upturn. R2 0.8945 R1 0.8920 S1 0.8884 S2 0.8859



USDJPY:

The USDJPY market remains caught in sideways congestion. The Yen still in a sideways down status for the third week, with 104.34 as Resistance and 103.32 as Support. R2 104.34 R1 104.06 S1 103.60 S2 103.32



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