Forex Daily Outlook – December 4, 2018

Colin First


The pair initially tried to rally towards the 1.14 level during the Monday’s session but rolled over again to reach towards the 1.1350 level which is acting as a magnet. After the US-China trade war cease-fire announcement, the pair is witnessing a bit of risk-on move and also sluggish economic activity in the European Union pulling the market down. If the pair breaks the 1.13 level, then it will eventually reach down to the 1.11 level. …Read More


The pair had a negative start for the week, testing the 1.27 level for support and if it breaks below the descending triangle formation on the hourly chart, it will be very negative and then could reach down to the 1.22 level. The rallies will continue to be a nice selling opportunity and if the pair manages to break above the bearish formation, then it could reach towards the 1.35 level. …Read More


The AUD gapped higher against the USD in yesterday’s session, breaking above the 0.7350 level as US and China agreed on to resume the trade negotiations. If the pair is now heading towards the 0.75 level, which will be very difficult for the market to break above. If AUD falls, then the 0.72 level underneath should offer strong support. …Read More


The pair gapped higher during the yesterday’s session on the reaction to the resumption of US-China trade talks but wiped off all the gains moving forward. The pair has a lot of resistance around the 114 level, extending up to the 115 level. The 200 Day EMA line underneath is acting as a strong support line and it is breached, then the pair could hit the 111 level. …Read More

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.