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.

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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