Forex Daily Outlook – December 6, 2018

Colin First
S & P 500 daily chart, September 24, 2018


The pair hovered around the 1.1350 level mostly during the Wednesday’s session as the 1.14 level above continues to be massively resistive. The market is struck between the 1.13 and 1.15 range for quite some time now and rallies are proving to be a selling opportunity in the market. The market will continue to trade between this range until it breaks above the resistive 1.15 level with bullish momentum. …Read More


The 1.27 level has been acting as a magnet for the pair as Parliament continues to debate on the potential deal with EU on Brexit. The market is likely to struggle to break higher given the negative set of headlines regarding the Brexit and if the pair goes below the 1.27 level, then it can reach down towards the 1.25 level and 1.22 level eventually. …Read More


The pair has broken below the support at 0.7250 level in the yesterday’s session which is a bit of negative development for the AUD. If the pair manages to break above the 0.73 level again and 0.75 level, then it will confirm the complete reversal in the trend. In an alternate scenario, if the pair continues to move lower, then this could send the market towards the 0.68 level. …Read More


The USD continued to trade with bearish pressure against the JPY in yesterday’s session with a lot of volatility. It seems that the pair is likely to test the support at 200 Day EMA line underneath, and if it breaks below then it may break down towards the 110 and 108 level. Rallies will continue to a nice selling opportunity until the pair breaks above the 114.50 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
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.