Daily trading forecasts for October 10, 2013
October 10, 2013 8:15 amVideo
Latest News
- Video market update for April 30, 2024 April 30, 2024
- Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024
- Analysis of the GBP/USD pair on April 30th. Last chance for the dollar April 30, 2024
- GBP/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- EUR/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel April 30, 2024
- Could Monday’s intervention turn the tide for the yen? – Special Report April 30, 2024
- EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on April 30, 2024
- Trading Signals for Bitcoin (BTC/USD) for April 30 – May 7, 2024: sell below $62,500 (21 SMA – 4/8 Murray) April 30, 2024
- Trading Signals for Ethereum (ETH/USD) for April 30 – May 7, 2024: sell below $3,177 (21 SMA – 1/8 Murray) April 30, 2024
- Technical Analysis – Is US 100 setting course for new record highs? April 30, 2024
- EUR/USD. April 30th. Sellers await weak inflation data in the EU April 30, 2024
- GBP/USD. April 30th. Bulls continue to attack, but American reports could help the bears April 30, 2024
- Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch April 30, 2024
- Market Comment – Dollar rebounds, yen off highs after suspected intervention April 30, 2024
- Technical Analysis – Will AUDUSD exit the range again? April 30, 2024
- Technical Analysis – EURJPY seeks calmness after roller coaster day April 30, 2024
- Forex forecast 04/30/2024: EUR/USD, GBP/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 30, 2024
- USD/JPY: trading tips for beginners for European session on April 30 April 30, 2024
- GBP/USD: trading tips for beginners for European session on April 30 April 30, 2024
EURUSD: the greenback is strong, and that is why this pair gave way. The Williams’ % Range is in the oversold territory and the EMA 11 has crossed the EMA 56 to the downside. This is a bearish signal – it is likely that the price would reach the support line at 1.3450.
USDCHF: As a result of the stamina in the greenback, the EURUSD has gone bearish while the USDCHF has gone bullish. In addition, more fundamental figures are expected today; which would have an impact on the markets. The market is trading above the support level at 0.9100, going towards the resistance level at 0.9150.
GBPUSD: The bearish outlook on the GBPUSD is still valid, and the price may end up testing the accumulation territory of 1.5900. The Bearish Confirmation in the chart is something that is not negligible, for it does not make sense to seek long trades in this type of market condition.
USDJPY: On this pair, the price at last bottomed at the demand level of 97.00 (having tested that level many times since the last week). From there, the price rose upwards by over 100 pips, resulting in a Bullish Confirmation Pattern, as the price trades above the EMA 56.
EURJPY: On this currency instrument, the mixed signals are a sign that one may stay aloof until there is an assurance of a directional tendency in the market. The RSI period 14 suggests a long trade, but the EMAs are yet to support that. It is either the EMAs support the RSI, or the latter supports the former.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: