2018-10-08
In Asia, Japan and the US will not release any Economic Data. So there is a probability that the USD/JPY pair will move with a low volatility during this day.
TODAY'S TECHNICAL LEVEL: Resistance. 3: 114.48. Resistance. 2: 114.26. Resistance. 1: 114.02. Support. 1: 113.75. Support. 2: 113.53. Support. 3: 113.31.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis: Intraday Level For EUR/USD, Oct 08/2018
2018-10-08
When the European market opens, some Economic Data will be released such as Sentix Investor Confidence, and German Industrial Production m/m.The US will not release any Economic Data today, so amid the reports, EUR/USD will move in a low to medium volatility during this day.TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1579. Strong Resistance:1.1572. Original Resistance: 1.1561 .Inner Sell Area: 1.1550. Target Inner Area: 1.1523. Inner Buy Area: 1.1496. Original Support: 1.1485. Strong Support: 1.1474. Breakout SELL Level: 1.1467.Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
Technical analysis of EUR/USD for October 8, 2018
2018-10-08
EUR/USD bounced towards resistance area of 1.1530-1.1545 but got rejected once again. Bulls now try to hold prices above short-term support at 1.1480-1.15. Losing this area will open the way for a move lower towards 1.14-1.1420.
Technical analysis of EUR/USD for October 8, 2018
2018-10-08
EUR/USD bounced towards resistance area of 1.1530-1.1545 but got rejected once again. Bulls now try to hold prices above short-term support at 1.1480-1.15. Losing this area will open the way for a move lower towards 1.14-1.1420.
Red lines - bearish channel
Blue line - short-term support
Organge dots - medium strength resistance
Red dots - maximum strength resistance
EUR/USD remains inside the bearish channel since mid September. Short-term support is being challenged now at 1.1480-1.15. Break below this area and we are most probably going to see lower lows towards 1.1420-1.14. If bulls manage to hold support and break above 1.1550 we could see a bigger bounce unfold towards 1.1650 which the medium-strength resistance on a daily basis.
Technical analysis of Gold for October 8, 2018
2018-10-08
Gold price remains inside the trading range below the important resistance of $1,207-11. As long as we are below this level there is still danger of moving back towards $1,180. A break above this level will open the way for a push higher towards $1,220-40.
Blue line - short-term support
Organge dots - medium strength resistance
Red dots - maximum strength resistance
EUR/USD remains inside the bearish channel since mid September. Short-term support is being challenged now at 1.1480-1.15. Break below this area and we are most probably going to see lower lows towards 1.1420-1.14. If bulls manage to hold support and break above 1.1550 we could see a bigger bounce unfold towards 1.1650 which the medium-strength resistance on a daily basis.
Technical analysis of Gold for October 8, 2018
2018-10-08
Gold price remains inside the trading range below the important resistance of $1,207-11. As long as we are below this level there is still danger of moving back towards $1,180. A break above this level will open the way for a push higher towards $1,220-40.
Red lines - trading range
Green lines - long-term bearish channel
Gold price is above the long-term bearish channel but this cannot be counted as a break out as long as price remains inside the trading range. Traders should be patient. A higher low if formed around $1,190-95 could unfold into a bullish break out. I prefer to be a buyer around $1,190-05 looking for a break out over the coming weeks towards $1,220-$1,240. Stop for longs at $1,178.
Green lines - long-term bearish channel
Gold price is above the long-term bearish channel but this cannot be counted as a break out as long as price remains inside the trading range. Traders should be patient. A higher low if formed around $1,190-95 could unfold into a bullish break out. I prefer to be a buyer around $1,190-05 looking for a break out over the coming weeks towards $1,220-$1,240. Stop for longs at $1,178.
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