Daily Forex Brief, December 02 - Top 5 Forex Trading Signals!

Gold


The GOLD market is bullish with new highs calling for a pressing climb to 1838.0. A close beyond 1838.0 implies a stretch to 1852.0. Any corrective dips should only last 1-2 days and likely bounce from just under 1802.0 to maintain aggressive bull forces. A close under 1775.0 (SAR) marks a short term topping turnover.

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SILVER

The SILVER market is bullish with new highs calling for a pressing climb to 24.51. A close beyond 24.51 implies a stretch to 25.05. Any corrective dips should only last 1-2 days and likely bounce from just under 23.31 to maintain aggressive bull forces. A close under 23.11 (SAR) marks a short term topping turnover.

EURUSD:

The EURUSD market is bullish with the steady strong push into new highs keeping trade positioned for rallies. The daily chart implies pressing bull moves to 1.2110. Correction dips shall be near terms for 1-2 days to maintain the momentum of the drive and suspect support over 1.2031. A close under 1.1965 (SAR) is needed to alert for a short term top.

R2 1.2112 R1 1.2090 S1 1.2050 S2 1.2031


USDCHF:

The dollar weakened in early European trade Wednesday, as vaccine optimism and talk of further fiscal stimulus from the United States gave fresh encouragement to higher-yielding currencies.

The USDCHF market couldn't unfold a bull flag upturn with the island topping turnover continues to drive selloffs. Monday’s extension lower leaves trade poised for a larger turnover with initial declines likely sliding into the 0.8976 - 0.8951 zone. Any recovery contained under 0.9012 will continue to be weighed down by selling pressures. A close over 0.9078 is needed to stop the pressing selloffs. R2 0.9037 R1 0.9012 S1 0.8976 S2 0.8951

USDJPY:

The USDJPY market remains caught in sideways congestion. The minor congestion holds a friendly bias. Any breakout over 104.81 will launch a drive to 105.60 and above. R2 104.81 R1 104.53 S1 104.06 S2 103.75

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