19.08. Fresh trading analysis: S&P 500 hits a new all-time high

Wednesday, August 19th, today’s news—S&P 500, an index that includes stocks of large American companies, hit a new all-time high, trading closed at 3,389.78. Asian and European markets are behind, US Treasury yields and the dollar weaken ahead of the Fed's meeting minutes. The price of Brent oil is $45.08, WTI—$42.78. EUR/USD is at 1.1940, GBP/USD—1.3245, gold is $2,003.30 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

EURUSD technical analysis

The pair broke out of the range above 1.1900 on positive US economic data, which is currently playing against the dollar, boosting the demand for risk assets and sell-offs of the US Treasury bonds. Keep track of the price movement in real time.

Trading recommendations: a downward correction to 1.1900 is possible. If the pair holds above this level, it will continue to grow towards 1.1000.

See more Start trading

AUDCHF analysis

The currency pair is trading at the upper bound of the descending price channel. An ascending truncated H2 level pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition. Keep track of the rate changes in real time.

Trading recommendations: sell strictly when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending H2 level pattern.

See more Start trading

Trading ideas for BYD (HKEX)

The overall trend is upward. A false breakout of the support level of 70.30 has formed, after which a hammer (a reversal candlestick pattern) has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator has been indicating an oversold condition for a long time.

Trading recommendations: buy when a 1-2-3 ascending pattern is formed; Stop Loss: local minimum; target levels: 77.56, 89.50.

See more Start trading

Useful info and online charts

Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.

^{*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.}