The day ahead 11 oct 2017

The economic calendar today is free except from fed's members "evans" and "williams" who are set to speak todat before and afer the release of FOMC minutes at 18:00 GMT.

Low volatility is expected , however I see this event as very critical indicator for the direction of the dollar and it wilĺ decide if majors break the tought trendlines and support areas.

Usd/jpy and usd/cad are facing trendlines and failed to break on friday after NFP figures..will they break the trendline after the fomc minutes ???

On the other side , we have eur/usd and gbp/usd which are very well supported at 1.1680$ and 1.3030$ areas respectively...

I think we might see these areas and trendlines broken this week...

Gbp/Usd bearish below 1.2980$

The pair broke below the rising trendline in red as shown in the chart below. It is also trading below 200 hour moving average. There is horizontal resistance at 1.2980$ area followed by 1.3080$ area. Being Short is favorable with stop loss above 1.3080$. Target should be around 1.2640$ , you can book some profits at 1.2780$.

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

storj update - 1h chart very bullish

Following up on previous analysis for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio

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