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Forex market reviews

18 October 2016

Market sessions

Tomasz Wisniewski

Tomasz Wisniewski

Daily analytical report (18/10/16)

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Gold, silver, EURAUD, USDCAD, AUDUSD and SP500
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17 October 2016

Trading ideas

Gabriel Ojimadu

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Short-term trading idea: FX EUR/AUD – bear speculation: exit from the triangle formation and a break of the trend line

Trading opportunities for currency pair: the price has left the triangle formation downwards. The trend line was broken with this departure. The target for the downward movement is 1.3774. The time the target regions will be reached is from 11th to 28th November of this year. As our entry point we need to look from a bounce on the daily. A close of the daily candle above 1.4500 means we should hold off selling. Risk for the trade: 1-2% of deposit.
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