Get started

Currecytrading

GBPJPY: Thoughts and Analysis Pre-UK GDPToday's focus: GBPJPY Pattern – Breakout Support – 188.25? 186.14 Resistance – 189.88 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart. After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers hold the breakout and continue to push higher, or will we see sellers break through and possibly retest 186.14 support? Another factor to keep an eye on is UK GDP; it's due at 6 pm AEDT today. Good trading.
Long
by Eightcap
USDX: Thoughts and AnalysisToday's focus: USDX Pattern – Minor Support. Support – 102.06 Resistance – 102.52 Hi, and thanks for checking out today's update. Today, we are looking at USDX on the daily chart. Today's video asks if USDX will continue to hold short-term support at 106.06 and make a new move at testing resistance, or is this just descending triangle price action, which in time will resume the overall downtrend with a new breakout lower. Traders will also be watching this week's CPI data, which could have some influence on Fed members depending on what we see come in. In the meantime, we will contnue to watch buyers from 102.06 support. US CPI data will be released this Friday at 12:30 am AEDT. Good trading.
EIGHTCAP:USDX
by Eightcap
What's the next move ?The CMP(current market price) is at weekly resistance zone. Below scenarios can happen: 1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small. 2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle breakout. The target for the weekly breakout will be 86.7317. This target will take time to reach. Best advisable to add 1 or 2 lots in far out of the expiry(like 3 or 6 months far expiry after the breakout)
by the_paradox
USD/JPY Bullish short-term gainsUSD/JPY has hit four-month highs amid optimism on trade and Brexit. Mid-October's daily chart is painting a bullish picture. China has reported the slowest growth level since the 1990s – an annual increase of only 6% in Gross Domestic Product in the third quarter. The world's second-largest economy continues experiencing a slowdown . Ultimately the bigger picture is of a slowing global economy, and that points to falls in USD/JPY. Upside momentum on the daily chart and has crossed the 108.50 level – which was a considerable resistance line, now serving as support. Resistance awaits at the 109-109.10 region Looking down below 108.50, the next cushion awaits at 108.15, which limited USD/JPY's gains in late September. Next, 107.50 Follow HuracanFX™ LLC Telegram : t.me Facebook : www.facebook.com Instagram : www.instagram.com Twitter : twitter.com Youtube : www.youtube.com
Long
by HuracanFX