It's our 19th anniversary!

Forex market reviews

07 November 2016

Trading ideas

Gabriel Ojimadu

## ojimadu name

Long-term trading idea FX AUD/CHF – bear speculation: expected depart from the triangle downwards

Trading opportunities for currency pair: the currency pair has been in a correctional phase since the end of August 2015. The price has now returned to the trend line. The last fortnight has seen the market close down for the Aussie. The pair is readying for a drop. Now the sellers just need to pass two levels and strengthen below 0.7300 asap so as to activate a scenario in which we have a fall. After this the road to 0.6759 will open up. On its way it will meet the interim 0.7126 and 0.6918 levels.
0
02 November 2016

Market sessions

Gabriel Ojimadu

## ojimadu name

EUR/USD: expected correction from 1.1067-1.1093

On Tuesday by the end of trades the euro/dollar had risen 79 points and closed at 1.1056. The buyers switched into attack after the publication of weak stats from the UK. During the US session the growth hastened due to polls regarding the US presidential elections. The results of a survey poll showed 45.2% are ready to vote Trump and 44.5% are for Clinton. After this the dollar couldn’t be helped by positive stats from the ISM which showed that business activity in the manufacturing sector was up in October from 51.5 to 51.9 (forecasted: 51.7).
0

Choose a period:

Back to top