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Forex forecast from Chief Strategist

Technical analysis

USD/CAD Approaching Resistance, Prepare For A Reversal

USD/CAD is approaching its resistance at 1.2977(61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.2977 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is.

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Technical analysis

EUR/GBP Approaching Support, Prepare For A Bounce

EUR/GBP is approaching its support at 0.8905 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.8945 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is bounced.

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Technical analysis

GBP/USD Approaching Resistance, Prepare For A Reversal

GBP/USD is approaching its resistance at 1.3202 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.3149 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its.

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Popular Analytics

EUR/USD h4. Options for the development of movement 17.10-31.10.2018. Analysis of APLs & ZUP

Ratu Taslim - 23:02 2018-10-17 UTC+00

Further development of the movement of the single European currency EUR/USD in the period 17.09-31.10.2018 will depend on the direction of the breakdown of the 1/2 Median Line channel borders

Control zones of EUR/USD pair 10/18/18

Samanta Kruder - 13:24 2018-10-18 UTC+00

Yesterday the reversal pattern was formed. The American session closed below the a control zone

Analysis of the divergence of EUR / USD for October 18. Dollar strengthening continues

Samir Klishi - 11:33 2018-10-18 UTC+00

The bearish divergence of the MACD indicator allowed the pair to eventually fall to the correction level of 61.8% - 1.1497

Control zones of GBP/USD pair 10/18/18

Samanta Kruder - 13:33 2018-10-18 UTC+00

Yesterday, a reversal pattern was formed, which indicates a change of priority to a downward one. Any increase in today's European and American sessions will be corrective

EUR/USD. 17 October. Results of the day. The EU summit started: euro and pound fell

Paolo Greco - 01:45 2018-10-18 UTC+00

On Wednesday, October 17, the EUR/USD pair continued its downward movement that began yesterday. So far, no information about the negotiations between the UK and the

Elliott wave analysis of EUR/NZD for October 18, 2018

Torben Melsted - 04:59 2018-10-18 UTC+00

Not really anything new to add here. We continue to look for evidence, that blue wave ii has completed and blue wave iii towards 1.8030 and later 1.8369 is developing

Alexander Dneprovskiy

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Bitcoin quotes

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Bitcoin forecast

BITCOIN Analysis for October 18, 2018

Rocky Yaman

15:37 2018-10-18 UTC+00

Bitcoin is still quite indecisive and corrective above $6,500 area while the bullish bias is still quite intact in the process. Though liquidity is quite low at present, an impulsive bullish breakout is expected which may lead the price higher in the coming days.

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Bitcoin analysis for October 18, 2018

Petar Jacimovic

10:13 2018-10-18 UTC+00

Ascending triangle (bullish pattern) in creation. Watch for a breakout of resistance at the price of $6.460 to confirm a further upward movement.

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Bitcoin analysis for 18/10/2018

Sebastian Seliga

05:36 2018-10-18 UTC+00

Financial expect to see Bitcoin much higher next year if the Lighting Network is implemented.

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Pattern Graphix

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.

2018-10-18 Double Bottom GBPCHF M15

The Double Bottom pattern has been formed on GBPCHF M15; the upper boundary is 1.2975; the lower boundary is 1.2954. The width of the pattern is 20 points. In case of a break of the upper boundary 1.2975, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

2018-10-18 Double Bottom GBPUSD M15

The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.3015; the resistance level 1.3037; the width of the pattern 22 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 22 points.

2018-10-18 Triple Bottom GBPUSD M5

The Triple Bottom pattern has been formed on GBPUSD M5. It has the following characteristics: resistance level 1.3037/1.3025; support level 1.3015/1.3015; the width is 22 points. In the event of a breakdown of the resistance level of 1.3037, the price is likely to continue an upward movement at least to 1.3034.

2018-10-18 Bearish Symmetrical Triangle USDCHF M5

According to the chart of M5, USDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9962 is likely to encourage a continuation of the downward trend.

Economic Calendar

Thursday, 18 October 2018

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Actual Reading	Importance
02:30	Unemployment Rate	Sep	5.3%	5.3%	5.0%	High
02:30	Employment Change	Sep	44.6K	15.2K	5.6K	High
02:30	Part Time Employment Change	Sep	35.2K; 9.5K		20.3K; -14.7K	Medium
02:30	BOJ Governor Haruhiko Kuroda Speaks					High
10:30	Retail Sales With Auto Fuel	Sep	0.4% m/m; 3.4% y/y	-0.4% m/m; 3.6% y/y	-0.8% m/m; 3.0% y/y	High
10:30	Retail Sales Ex Auto Fuel	Sep	0.5% m/m; 3.6% y/y	-0.4% m/m; 3.8% y/y	-0.8% m/m; 3.2% y/y	Medium
14:30	Unemployment Claims	Oct	215K	211K	210K	Medium
14:30	ADP Non-Farm Employment Change	Sep	42.7K		28.8K	Medium
14:30	Philadelphia Fed Manufacturing Index	Oct	22.9	19.7	22.2	Medium
18:15	FOMC Member Randal K. Quarles Speaks					Medium