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Daily analysis of USDX for October 18, 2017
Daily analysis of USDX for October 18, 2017
The index was under a buying interest across the board, pushing higher above the 200 SMA on the H1 chart. Currently, it is targeting the resistance level of 94.58, at which lies a key barrier for buyers. With a pullback below 93.35, we can expect a leg lower towards the psychological level of 93.00....
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Daily analysis of GBP/USD for October 18, 2017
Daily analysis of GBP/USD for October 18, 2017
The pair is resuming the bearish bias below the 200 SMA and looks to test the October 12th lows. If it manages to rebound around that area, we can expect another testing of the resistance level of 1.3309. However, odds are still on the bearish side and the next target is placed at the 1.3216 level. ...
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British inflation at 5-1/2-year high in September, rate hike on track
Today's pressBritish inflation at 5-1/2-year high in September, rate hike on track LONDON (Reuters) - British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England will raise interest rates next m....
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Brent saddled geopolitics
Brent saddled geopolitics
Markets can be punished for conceit. For a long time, investors ignored geopolitical risks and were confident that the North Sea grade of oil would be quoted within the range of $40-60 per barrel for long term. The is because the prices increased above the resistance level that will probably increas...
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Australian dollar and the Fed
The Australian dollar is directionless today after 2 days of movement, but may have received some new found support after doubts one again hang over the US Federal Reserve’s ability to lift interest rates this year. Inflation numbers once again hit the market below expectations and still sit well be...
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Daily analytical report (17/10/17)
USDMXN. We can see the first signs of the exhaustion here. After breaking the upper line of the triangle, the price surged higher. Now we are approaching the 38.2% Fibonacci where we may see some profit taking action from buyers. That resistance is additionally strengthened by the highs from March,....
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Technical analysis of USD/CHF for October 17, 2017
Technical analysis of USD/CHF for October 17, 2017
Show full pictureUSD/CHF is expected to trade with bullish bias above 0.9765. The pair is consolidating above its key support at 0.9765, which should limit the downside potential. The relative strength index is above its neutrality level at 50 and lacks downward momentum. U.S. government bonds weake...
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Technical analysis of GBP/JPY for October 17, 2017
Technical analysis of GBP/JPY for October 17, 2017
Show full pictureGBP/JPY is under pressure and expected to trade with a bearish outlook. The pair is capped by a declining trend line, which confirmed a negative outlook. The downward momentum is further reinforced by both falling 20-period and 50-period moving averages. The relative strength index ...
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Trading plan for the US session of EUR / USD and GBP / USD pairs on October 17
Trading plan for the US session of EUR / USD and GBP / USD pairs on October 17
EUR / USDTo open long positions for EUR / USD pair, you need: Buyers still cannot return above the level of 1.1763. A consolidation will only be the initial signal to increase long positions in the euro which is already in the calculation of recovery of a larger area found at 1.1786, where fixing pr...
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Global macro overview for 17/10/2017:
Global macro overview for 17/10/2017:
Global macro overview for 17/10/2017:A surprising information on the Brexit negotiations is attacking the financial markets every day now. On Monday, the Pound went through a moment of increased volatility after reports that negotiations were heading for a "catastrophic collapse" unless the EU agree...
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Global macro overview for 17/10/2017:
Global macro overview for 17/10/2017:
Global macro overview for 17/10/2017:According to the Minutes, the RBA members noted that the Australian economy had grown by 0.8% in the June quarter, in line with the Bank's forecast. Growth in consumption and the contribution from net exports had been higher than in the March quarter, partly refl...
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Fundamental Analysis of GBP/USD for October 17, 2017
Fundamental Analysis of GBP/USD for October 17, 2017
GBP/USD has been quite bearish recently after bouncing off the resistance area of 1.3270-1.3330. GBP has been quite weak in nature recently due to the Brexit effect but PM May recently spoke about positive results in Brexit talks that did not quite help the currency to gain momentum. Today, a series...
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Mark Carney takes the floor
Mark Carney takes the floor
On October 17, both the major currency pairs of euro and pound is likely to trade within the range but the performance of Mark Carney in the Treasury poses a risk.EUR / USD and GBP / USD pairsEurope and the British pound stayed within the range predicted in the expectations of an important news on M...
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EURUSD dropping perfectly as expected, turn bullish with a change in conditions
Buy above 1.1781. Stop loss at 1.1709. Take profit at 1.1878.   Reason for the trading strategy (technically): Price has continued its drop perfectly towards our profit target. We now turn bullish due to the changing elements we are seeing. We look to buy above major support at 1.1781 (Fibonacci ret...
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EURJPY testing major support, remain bullish
Buy above 131.90. Stop loss at 131.12. Take profit at 133.42.   Reason for the trading strategy (technically): Price has dropped strongly to our buying area. We look to buy above major support at 131.90 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at le...
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NZDUSD approaching major resistance, prepare to sell
Sell below 0.7245. Stop loss at 0.7351. Take profit at 0.7095.   Reason for the trading strategy (technically): Price is approaching major resistance at 0.7245 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong reaction off that level for a push down to at least 0.7...
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AUDUSD dropping perfectly as expected, remain bearish
Sell below 0.7891. Stop loss at 0.7955. Take profit at 0.7789.   Reason for the trading strategy (technically): Price is dropping perfectly as expected from our selling area. We remain bearish looking to sell below major resistance at 0.7891 (Multiple Fibonacci retracement, bearish price action) for...
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USDJPY dropping nicely, remain bearish
Sell below 112.65. Stop loss at 113.51. Take profit at 110.90.   Reason for the trading strategy (technically): Price continues to drop nicely towards our profit target.   We’re still bearish on this move and we need to wait for price to make a retracement towards our sell entry before we take anot...
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AUDJPY remain bullish for a bounce
Buy above 87.92. Stop loss at 87.20. Take profit at 88.85.   Reason for the trading strategy (technically): Price continues to test our buying area and is starting to bounce nicely. We remain bullish looking to buy above 87.92 support (Fibonacci retracement, horizontal overlap support, bullish exit)...
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The absence of rising inflation in the euro area will push the euro downwards
The absence of rising inflation in the euro area will push the euro downwards
Today, the entire attention of the markets will focus on the data output of the eurozone's consumer inflation. This is a very important data that will fully influence the ECB's decision whether to continue buying government bonds in the current monthly volume of $60 billion or not.In accordance with...
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Technical analysis of NZD/USD for October 17, 2017
Technical analysis of NZD/USD for October 17, 2017
Show full pictureNZD/USD is expected to trade with a bullish outlook. Although the pair posted a pullback, a support base at 0.7160 has formed and has allowed for a temporary stabilization. The relative strength index is above its neutrality level at 50. Therefore, as long as 0.7150 holds on the dow...
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Trade review for October 17 by a simplified wave analysis
Trade review for October 17 by a simplified wave analysis
Overview of GBP / USD with the current day forecast At the end of the rising wave of the major of the British pound sterling, which sets the direction of the trend since October of last year, the first part of the counter wave structure is formed. The wave level of the downward wave from September 1...
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Wave analysis of the USD / JPY currency pair for October 17, 2017
Wave analysis of the USD / JPY currency pair for October 17, 2017
Show full pictureAnalysis of wave counting: Unable to continue the decline in quotations, during the yesterday's US session, the pair USD / JPY added more than 60 bp in price and it was fixed above the level of the 112th figure at the end of the day. Thus, it seems that after completing the wave a, ...
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Wave analysis of the USD / CHF currency pair for October 17, 2017
Wave analysis of the USD / CHF currency pair for October 17, 2017
Show full pictureAnalysis of wave counting: In conditions of the low trading activity, the pair USD / CHF held in the range, remaining near the mark of 0.9750. The wave situation that develops, in this case, allows us to assume that after the completion of the wave a, 2nd, C, on Friday, the currency...
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Wave analysis of the GBP / USD currency pair for October 17, 2017
Wave analysis of the GBP / USD currency pair for October 17, 2017
Show full pictureAnalysis of wave counting: By playing a fairly strong divergence of MACD, during the yesterday's trading, the pair GBP / USD resumed the downward movement, having lost almost 80 points and reached the level of 1.3225 at the end of the day. It can be assumed that the currency pair ha...
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Wave analysis of the EUR / USD currency pair for October 17, 2017
Wave analysis of the EUR / USD currency pair for October 17, 2017
Show full pictureAnalysis of wave counting: Despite the rather high volatility, the pair EUR / USD held in the range, trading around the level of the 18th figure. At the same time, it can be assumed that the currency pair remained in the stage of formation of the wave b, in the wave b, which takes o...
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Trading plan for 17/10/2017
Trading plan for 17/10/2017
Trading plan for 17/10/2017:At night we saw transient reactions after CPI from New Zealand and RBA minutes, but overall the Asian session went into a sleepy atmosphere. The stock market maintains a positive sentiment, which indirectly weakens the gold.However, the value of USD on the market remains ...
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Trading plan for the European session on October 17 EUR / USD and GBP / USD
Trading plan for the European session on October 17 EUR / USD and GBP / USD
EUR / USDTo open long positions on EURUSD, it is required:Pressure on the euro persists. Counting on a return of the buyers to the market is best after the formation of a false breakdown at 1.1763 or on a rebound from larger areas in the area of 1.1740 and 1.1726. In case of growth and consolidation...
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The US dollar continues to rise
The US dollar continues to rise
The Australian dollar reacted with restraint to the publication of the minutes from the last meeting of the Reserve Bank of Australia, because traders did not find anything new to radically affect the situation. According to the data, members of the RBA board are confident that the economic conditio...
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Today is Mark Carney's Day
Today is Mark Carney's Day
In general, the market remained fairly stable yesterday as expected, this is mostly because of the empty macroeconomic calendar. We are expecting for a much more intense day for today.Initially, the British inflation data is scheduled to be released, with an expectation to accelerate from 2.9% to 3....
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