Dear Clients,
Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.
For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]
Regards,
Tradeo
17 August 2020
Forex technical analysis and forecast: Majors, equities and commodities
EURUSD, “Euro vs US Dollar”
After finishing another ascending wave at 1.1860 and then reaching 1.1818, EURUSD has formed a new consolidation range around the latter level just to break it to the downside and reach 1.1793; right now, it is growing to return to 1.1818 and break it. After that, the instrument may move upwards to break 1.1870 and then continue trading to the upside to reach at least 1.1930. However, if the price falls and breaks 1.1780, the market may start another decline with the target at 1.1700.
https://www.investing.com/charts/forex-charts
GBPUSD, “Great Britain Pound vs US Dollar”
After forming a new consolidation range at 1.3066, breaking it to the upside, and then reaching the target at 1.3127, GBPUSD has returned to 1.3045; right now, it is consolidating around 1.3066. If later the price breaks this range to the upside at 1.3095, the market may start a new growth to break 1.3128 and then continue trading upwards to reach 1.3222; if to the downside at 1.3040 – resume moving inside the downtrend with the target at 1.2970.
https://www.investing.com/charts/forex-charts
USDCHF, “US Dollar vs Swiss Franc”
USD/CHF is still consolidating around 0.9100. If later the price breaks this range to the downside, the market may start a new decline to reach 0.9050 or even 0.9000; if to the upside – resume moving upwards with the target at 0.9150 or even 0.9222.
https://www.investing.com/charts/forex-charts
The Company gives no representation, warranty or guarantee as to the accuracy, correctness or completeness of this information. The information contained in this market review should not be construed in any way, as containing investment advice and/or a suggestion and/or solicitation for any trading activity and financial transaction.
Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance.
Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
