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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.

Usdjpy is ready for a rally

Usd/jpy will break and stabilize above 112¥ anytime soon. The pair has found decent support around 110.60¥ .and has been building bullish sentiment over the last few trading session.  The pair made a low today @ 111.65¥ and a high of 112.26¥. The trade tensions between united states and China and the tariffs war is the definitely headlines everyone watching for . however , as I believe strongly in technical analysis as the king , then we should see news that will help the dollar rally against Japanese yen soon. First Long term target is definitely around 115¥

Euro heading again to 1.1565$?

Eur/usd crashed on friday from 1.1720$ to 1.1620$ , a 100 pips slide. The support at 1.1660$ did not hold and now last area of support is being tested which is 1.1610$ If broken , the pair will be extremely bearish and we will certainly visit 1.1440$ next week. The sentiment is now bearish and weekly close is terrible and will put alot of pressure on the Monday trading and a break of 1.16$ may fulfil true and then we will head to 1.1565$ again. I don't recommend going long now as the pair is never able to stay steady above 1.17$

Wti bearish below 69.85$

WTI , crashed from 69.85$ earlier this morning to 69.10$ in just one hour . where it found support. The pair faces strong resistance at 69.85$ , if broken , it will have room towards 70.25$ maximum , however a break below 69.20$ will bring 68.50$ to attention then 67.85$ The main look remains bearish , stay short as long as we are below 69.85$ , it is currently trading at 69.56$ where it faces some resistance and might reverse lower again. You can add short position if we managed to reach 70.25$ ..however , i dont see any chance for a revisit to this area again anytime soon.

XAU/USD (GOLD) targeting 1178$

Gold is unable to close above 1200$ , unable to keep any gains . now trading at 1193$ , yesterdays low was 1187$ , it has more room to 1178$ before it can rebound again. . Any break below 1178$ , will open the road for the breaking the famous 1160$ and increase the probability of breaking below 1000$ .. Key level here 1160$ ...if broken , gold will definitely get below 1000$ in few weeks. 1178$ is the last defense line before 1160$ . Next resistance 1196$ , if broken , we will definitely regain bullish stance. My recommendation is selling at current level 1193$

EUR/USD is probably falling again

The pair is currently trading at 1.1575$ , daily high during asian session was 1.1607$ . The pair currently has strong resistance at 1.1685$ , you can short the pair now with stoploss on the event of an hourly candle close above the resistance. The next support for the pair is 1.1525$ , it might get broken as well. Follow me for updates on this trade and more.