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Showing posts from October, 2018

Intraday setups - forex signals

Today , we have several setups crystal clear , here are : Buy usdcad 1.2973 with target 1.31 , sl close below 1.2950 Sell xauusd "gold" at 1230$ , target 1223$ , sl close above 1237$ Sell #gbpusd at 1.3204$ , target 1.3120$ , sl close above 1.3220$

EUR/USD rally 170 pips

A simple 5min chart showing a very strong trend supported the rally for the pair . From 1.1440 to 1.1610$ Trend broken Fibonnaci levels in work short the pair till 1.1505$

#GBP/USD make or break?

GBP/USD triple bottom at 1.3184$ Double Top at 1.3240$ which one is gonna break first? I will be a seller at 1.3208$

Big news from china on the holidays

Big news from china this holiday will definitely be weighting on markets this monday. #China’s official manufacturing #PMI fell to 50.8 in Sep, vs expected 51.2, previous 51.3. The caixin manufacturing PMI, more closely tracking small private manufacturers, fell to 50, new low in 16 months, vs expected 50.5, previous 50.6 #BREAKING: #PBOC cut #RRR for banks by 1%, effective from 15 Oct. It will release about 1.2tn yuan liquidity, including 450bn yuan to be used to repay MLF coming due on 15 Oct. AUD/USD might gap down on this news.

Wti oil is set for further weakness

WTI oil has fallen sharply on Thursday from 77$ to 74$ .. And it is currently trading shy of 75$ . On RSI , the commodity is set for reversing now from current level at 74.90$ and probably targeting 73.20$ Also , WTI has fallen back into the rising channel and now testing the upper trend line of the channel. So your tp is at channel bottom while sl is on hourly close above the channel top.