Market Brief / 09-10-2017

in #forex7 years ago

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EUR/USD posted a rebound and broke its 20- and 50-period moving averages. Additionally, the bullish cross between 30- and 50-period moving averages has been identified.

RSI is bullish and call for a further upside. To sum up, as long as 1.1715 is not broken, look for a rebound to 1.1750 and even 1.1765 in extension. Alternatively, below 1.1715, expect a return with 1.1700 and 1.1665 as targets.

On the data slate there’s German Industrial Production; Euro-Zone Sentix Investor Confidence and UK BRC Retail Sales.

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SELL EUR/USD @ 1.1730 OR BETTER – STOP @ 1.1780 – TARGET @ 1.1610
SELL GBP/USD @ 1.3130 OR BETTER – STOP @ 1.3200 – TARGET @ 1.3025
BUY USD/JPY @ 112.60 OR BETTER – STOP @ 112.10 – TARGET @ 113.65
SELL CL1117 @ 49.80 OR BETTER – STOP @ 50.30 – TARGET @ 48.80
SELL AUD/USD @ 0.7790 OR BETTER – STOP @ 0.7840 – TARGET @ 0.7680
SELL XAU @ 1282 OR BETTER – STOP @ 1288 – TARGET @ 1265
SELL XAG @ 16.95 OR BETTER – STOP @ 17.40 – TARGET @ 16.00

THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.

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@lordoftruth how do i do good enough on steemit to make like 1-5$ a post?

Just Keep blogging and you will do it..
By the way you got upvote with 1.14$..
Your last post was upvoted just to keep blogging..
Steem on..

thank you @lordoftruth i will try my best to keep on blogging!

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@lordoftruth,
Got my signal :D Thanks friend!

Cheers~

Thanks for your great update of Forex market news.
@lordoftruth
Have a nice day

Great update for Forex trading .
thanks for sharing
100% like and resteem

thank you @lordoftruth for the update..
Cheers!

Hey @lordoftruth
Yes...agree with you my dear friend...
Eur/ usd have bearish trend today...
Upvoted...
Cheers~~~~~

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