Daily trading forecasts for October 21, 2013
October 21, 2013 6:15 amVideo
Latest News
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- Analysis of GBP/USD pair on June 3rd. The British pound could not help but take advantage of the situation June 3, 2024
- Technical Analysis – USDCHF builds base around 0.9000 June 3, 2024
- EUR/USD. What to expect from the ISM index in the US? June 3, 2024
- USD/JPY: Simple trading tips for beginners on June 3rd (US session) June 3, 2024
- GBP/USD: Simple trading tips for beginners on June 3rd (US session) June 3, 2024
- EUR/USD: Simple trading tips for beginners on June 3rd (US session) June 3, 2024
- GBP/USD: trading plan for the US session on June 3rd (analysis of morning deals). The pound collapsed after a weak report June 3, 2024
- EUR/USD: trading plan for the US session on June 3rd (analysis of morning deals). The euro fell after weak PMI indices June 3, 2024
- Weekly Technical Outlook: 03/06/2024 – USDJPY, EURUSD, USDCAD June 3, 2024
- EUR/USD. June 3rd. Bulls are not retreating and await support from the US June 3, 2024
- GBP/USD. June 3rd. Bears remain weak, while the pound rises alongside the euro June 3, 2024
- Weekly Technical Outlook – USDJPY, EURUSD, USDCAD June 3, 2024
- Technical Analysis – USDJPY battles with 50-SMA June 3, 2024
- Bank of Canada edges closer to rate cut but will it be in June? – Preview June 3, 2024
- EUR/USD and GBP/USD: Technical analysis on June 3 June 3, 2024
- Market Comment – Steady start as markets digest data ahead of rate decisions and NFP June 3, 2024
- ECB to make the first move – Preview June 3, 2024
- USD/JPY: trading tips for beginners for European session on June 3 June 3, 2024
- GBP/USD: trading tips for beginners for European session on June 3 June 3, 2024
EURUSD: The pair moved upwards by more than 140 pips last week, but not after disheartening pullbacks and volatility. This week, it is expected that the upward move would continue, though there could also be some bearish corrections along the way. There is a support line at 1.3600.
USDCHF: The USDCHF has been trending downwards with limited thrust. This is because the price has not been able to break the support level of 0.9000 to the downside, although that feat would be achieved this week (especially in the face of the continued Bearish Conformation Pattern in the market).
GBPUSD: Last week, the GBPUSD moved to north. Some transitory pullback is expected, but the northward bias is valid for this week. On Friday, the price closed at 1.6169. The accumulation territory of 1.6100 ought to serve as a barrier to the bears’ machination, while the market attempts to journey upwards.
USDJPY: This is a bear market, and it is slightly strange so (for most other JPY pairs hold their ground in the face of the bears’ attack). The price is below the EMA 56, and the RSI period 14 is below the level of 50. However, should the bearish move continue, it might be limited in nature, perhaps not going below the demand level at 97.00.
EURJPY: This cross is a great indication of the stamina in the euro. The overall bias is bullish, and it is understood that, should the EURUSD continue to go upwards, this cross would also be doing something similar, although some consolidation phases and price retracements cannot be ruled out along the way.
The material has been provided by InstaForex Company – www.instaforex.com
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