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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

Technical analysis: Intraday levels for EUR/USD, Oct 16, 2018

Arief Makmur - 02:03 2018-10-16 UTC+00

When the European market opens, some economic data will be released such as Italian Trade Balance, German ZEW Economic Sentiment, ZEW Economic Sentiment, Trade Balance, Treasury Currency Report, and German

Technical analysis of EUR/USD for October 16, 2018

Alexandros Yfantis - 06:41 2018-10-16 UTC+00

EUR/USD is in a short-term bullish trend. Price is now challenging short-term resistance at 1.16-1.1610. Breaking above it will open the way for a move towards 1.1670-1.1740. A rejection

EUR / USD. October 15th. The trading system "Regression Channels". The pair is at a fork.

Paolo Greco - 10:45 2018-10-16 UTC+00

The EUR / USD instrument on Friday, October 12, corrected to a moving average line, which was highly expected, given the technical need for correction

Trading plan for 16/10/2018

Sebastian Seliga - 06:23 2018-10-16 UTC+00

Tuesday began with non-directional trading on the currency markets with slight increases in the stock market

Technical analysis of Gold for October 16, 2018

Alexandros Yfantis - 06:49 2018-10-16 UTC+00

Gold price made a higher high yesterday closer to our target area of $1,240. Price has reached the equality target relative to the first leg up from August lows, but

Fractal analysis of major currency pairs for October 16

Daichi Takahashi - 14:07 2018-10-16 UTC+00

For the Euro / Dollar currency pair, we are following the ascending structure of October 9, a pronounced movement is expected after the breakdown of 1.1628. For the currency pair

Alexander Dneprovskiy

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Bitcoin forecast

BITCOIN Analysis for October 16, 2018

Rocky Yaman

15:26 2018-10-16 UTC+00

Bitcoin has been able to jump higher above $7,000 recently. Afterwards, it pulled back towards $6,500 amid certain bearish pressure and is currently consolidating above the area. As the price remains above $6,000-6,500 area, the bullish bias is expected to continue.

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Bitcoin analysis for October 16, 2018

Petar Jacimovic

11:09 2018-10-16 UTC+00

Successful rejection from support. Watch for buying opportunities. The upward target is set at the price of $6.710.

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Bitcoin analysis for 16/10/2018

Sebastian Seliga

05:55 2018-10-16 UTC+00

Tether confused the cryptocurrency market

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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.

2018-10-16 Bearish Rectangle #EBAY M15

According to the chart of M15, #EBAY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 32.32, the lower border is 32.14. The signal means that a long position should be opened above the upper border 32.32 of the Bearish Rectangle.

2018-10-16 Bullish pennant #PEP M15

The Bullish pennant signal – Trading instrument #PEP M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 107.30, with the prospect of the next move being a projection of the flagpole height.

2018-10-16 Double Top AUDJPY M30

The Double Top pattern has been formed on AUDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 79.93 is broken, the downward movement will continue.

2018-10-16 Double Top USDCHF M15

On the chart of USDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9907; the lower boundary 0.9892; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9869 level.

Economic Calendar

Tuesday, 16 October 2018

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Actual Reading	Importance
02:30	Monetary Policy Meeting Minutes					High
03:30	CPI	Sep	2.3%	2.5%	2.5%	High
03:30	PPI	Sep	4.1%	3.7%	3.6%	Medium
10:30	Claimant Count Change	Sep	14.2K	4.5K	18.5K	High
10:30	Claimant Count Rate	Aug	4.0%	4.0%	4.0%	Medium
10:30	Average Earnings Index	Aug	2.6% 3m/y; 2.9% 3m/y	2.6% 3m/y; 2.9% 3m/y	2.7% 3m/y; 3.1% 3m/y	Medium
11:00	ZEW Economic Sentiment	Oct	-10.6	-12.3	-24.7	Medium
11:00	ZEW Current Situation	Oct	76.0	74.4	70.1	Medium
11:00	ZEW Survey (Econ. Sentiment)	Oct	-7.2	-9.2	-19.4	Medium
14:30	Foreign Securities Purchases	Aug	15.29bln	10.05bln	2.82bln	Medium
15:15	Capacity Utilization	Sep	78.1%	78.2%	78.1%	Medium
15:15	Industrial Production	Sep	0.4%	0.2%	0.3%	Medium
16:39	Global Dairy Trade Price Index	Oct	-1.9%		-0.3%	Medium
23:20	RBA Deputy Governor Guy Debelle Speaks					Medium