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Forecast for EUR/USD on October 15, 2019

Laurie Bailey - 04:26 2019-10-15 UTC+00

The euro has a downside risk on October

The EU summit will put an end to the issue on Brexit. The pound is positive and the euro may continue to grow.

Kuvat Raharjo - 07:35 2019-10-15 UTC+00

Despite the fact that markets enthusiastically received news about the agreement reached between the US and China on the trade dispute, most experts are inclined to conclude that no changes

Gold remains below key resistance vulnerable to a move towards $1,460.

Alexandros Yfantis - 14:27 2019-10-15 UTC+00

Gold price could not hold above $1,500 and combined with the inability to break the $1,525-35 resistance has lead to another pull back below $1,500. in previous posts we noted

Trading recommendations for the GBPUSD currency pair - placement of trade orders (October 15)

Gven Podolsky - 07:35 2019-10-15 UTC+00

Over the past trading day, the pound / dollar currency pair showed a high volatility of 133 points, resulting in a partial recovery process

The markets froze in anticipation of new signals for action (there is a possibility of resuming the prospective growth of the USD/JPY pair and resuming a decline in the quotes of gold)

Pati Gani - 07:06 2019-10-15 UTC+00

After a significant activity in the global financial markets, caused by the expectation and the fact of new trade negotiations between the US and China, the new week began with

Oil does not believe in a truce

Marek Petkovich - 10:55 2019-10-15 UTC+00

The fall in Brent and WTI indicates that the trade wars are far from over

Alexey Almazov

Maxim Magdalinin

Nadezhda Zhizhko

Alexander Dneprovskiy

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Forex forecast from Chief Strategist

Technical analysis

USDJPY to reach 1st resistance at 108.64, potential to drop!

USDJPY is to reach the 1st resistance at 108.64, potential to drop!. Entry 108.64 Horizontal swing high resistance Take Profit : 107.55 Why it's good : 61.8% Fibonacci extension 50% Fibonacci retracement Horizontal pullback support

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USDNOK pullback below resistance

USDNOK expected to pull back below resistance at 9.31400.

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Technical analysis

EURUSD approaching support, potential for strong bounce!

EURUSD is approaching our first support level where we could be seeing a nice bounce above this level.

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Bitcoin quotes

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Bitcoin forecast

BTC 10.15.2019 - Watch for breakout of the HSS pattern to confirm further downside

Petar Jacimovic

13:34 2019-10-15 UTC+00

Watch for selling opportunities in case of the downside break. The first downward target is set at the price of 8.072.

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Technical analysis of ETH/USD for 15/10/2019

Sebastian Seliga

04:51 2019-10-15 UTC+00

The ascending channel still provides the support for bulls

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Technical analysis of BTC/USD for 15/10/2019

Sebastian Seliga

04:43 2019-10-15 UTC+00

The horizontal price action continues in a low-volatility environment

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Pattern Graphix makes it possible to analyze charts, get information in what direction you should open a trade, and determine the target to exit the market in a timely manner as well as find out how often you should open deals. Working with Pattern Graphix, you will receive an immediate visual and sound notification of the formation of various graphical models.

2019-10-15 Bearish Rectangle USDJPY M30

According to the chart of M30, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 108.90, the lower border is 108.81. The signal means that a long position should be opened above the upper border 108.90 of the Bearish Rectangle.

2019-10-15 Bearish Rectangle EURJPY M15

According to the chart of M15, EURJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 120.14, the lower border is 120.00. The signal means that a long position should be opened above the upper border 120.14 of the Bearish Rectangle.

2019-10-15 Double Top USDJPY M30

The Double Top pattern has been formed on USDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 108.82 is broken, the downward movement will continue.

2019-10-15 Bullish symmetrical triangle EURCAD M30

According to the chart of M30, EURCAD formed the Bullish symmetrical triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.4535/1.4564 whereas the lower border goes across 1.4597/1.4564. The pattern width is measured on the chart at -62 pips. If the Bullish symmetrical triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.4564 is broken, the price could continue its move toward 1.

Economic Calendar

Wednesday, 16 October 2019

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Importance
10:30	Consumer Price Index	Sep	0.4% m/m; 1.7% y/y	0.2% m/m; 1.8% y/y	High
10:30	Consumer Price Index-Core	Sep	1.5%	1.7%	Medium
10:30	Retail price index	Sep	0.8% m/m; 2.6% y/y	0.0% m/m; 2.7% y/y	Medium
10:30	PPI Input	Sep	-0.1% m/m; -0.8% y/y	0.2% m/m; -1.8% y/y	Medium
11:00	Consumer Price Index	Sep	0.9%	0.9%	Medium
14:30	Consumer Price Index	Sep	-0.1% m/m; 1.9% y/y	-0.3% m/m; 2.1% y/y	High
14:30	Consumer Price Index Core	Sep	-0.1% m/m; 1.9% y/y	0.0% m/m; 1.9% y/y	Medium
14:30	Common Core CPI	Sep	1.8%	1.8%	Medium
14:30	Median Core CPI	Sep	2.1%	2.1%	Medium
14:30	Trimmed Core CPI	Sep	2.1%	2.1%	Medium
14:30	Retail Sales	Sep	0.4% m/m; 0.0% m/m	0.3% m/m; 0.2% m/m	High
15:00	BOE Governor Mark Carney Speaks				High
15:00	FOMC Member Charles Evans Speaks				Medium
21:00	FOMC Member Lael Brainard Speaks				Medium