Market Brief / 26-10-2017
Honoring Me With Your Up Vote...
EUR/USD is trading above its rising 20- and 50-period moving averages, which play a support roles and maintain the bullish bias.
RSI advocates for a further upside. Therefore, as long as 1.1780 is not broken, look for a new challenge with targets at 1.1830 and 1.1865 in extension. Alternatively, a break below 1.1780 would trigger a return with 1.1750 and 1.1680 as targets. Special attention to the ECB announcements today. Market will be volatile.
On the data slate there’s German Consumer Confidence Survey; Euro-Zone ECB Rate Decision; Euro-Zone ECB Marginal Lending Facility; Euro-Zone ECB Deposit Facility Rate; Euro-Zone ECB Press Conference after Governing Council Meeting; US Wholesale Inventories; US Initial Jobless Claims; US Advance Goods Trade Balance; US Pending Home Sales and US Kansas City Fed Manufacturing Activity.
SELL EUR/USD @ 1.1830 OR BETTER – STOP @ 1.1870 – TARGET @ 1.1680
SELL GBP/USD @ 1.3275 OR BETTER – STOP @ 1.3320 – TARGET @ 1.3150
BUY USD/JPY @ 113.60 OR BETTER – STOP @ 113.00 – TARGET @ 114.25
SELL CL1217 @ 52.25 OR BETTER – STOP @ 52.80 – TARGET @ 51.50
SELL AUD/USD @ 0.7730 OR BETTER – STOP @ 0.7790 – TARGET @ 0.7640
SELL XAU @ 1278 OR BETTER – STOP @ 1285 – TARGET @ 1262
SELL XAG @ 17.00 OR BETTER – STOP @ 17.50 – TARGET @ 16.10
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Thank you for your financial analysis.
Another day out of the market today. I am always wary or even frightened to trade with so much news around.
I take the view that you do not have to trade every day, don't become a slave to it and cherry pick the winners.
Great post again lord, this saves me loads of work, just by reading your review of the day, I know what going on.
Thank you for share update news of Forex market brief.
Resteemed
Thank you for being such a great and amazing Stemian @lordoftruth and i am even happier that you are Romanian too!
Iti doresc o zii placuta si spor la inspiratie pentru bloguri noi!
thanks information of Forex market news.
Thanks for the update of Forex market news.
Great update for Forex trading .
thanks for sharing
100% like and resteem
@lordoftruth,
Got my signals as always! Thanks dude! No one is willing to do such great service Freely!
Cheers~
thanks for your helpful post
nice updates thanks for it :)