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Forex market reviews

31 October 2018

Market sessions

Tomasz Wisniewski

Daily analytical report (31/10/18)

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CHFJPY has been in a nice bullish correction, which was initiated by the inverse head and shoulders pattern, EURNZD dropped below the horizontal support after creating the double top formation, and AUDCHF is in a similar situation as EURNZD, but the horizontal support is still fighting at the upper line of the ascending triangle, which was broken yesterday.
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Market sessions

## anthony

EURUSD: the market stalls on a support as the euro weakens

On Tuesday the 30th of October, the euro closed down. Buyers tried to reverse the situation twice and both times were unsuccessful. The euro fell against the dollar to 1.1341. There were several factors which contributed to the weakening of the single currency.
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30 October 2018

Media reviews

Tina Pham

U.S. Consumer Confidence Rises to Highest Level in 18 Years

Investing.com - Confidence among U.S consumers rose in October, marking its highest level in 18 years, according to data released on Tuesday.
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Market sessions

Tomasz Wisniewski

Daily analytical report (30/10/18)

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USDJPY finally defended the long-term upwards trend line, which for the past two weeks has been under bearish pressure, mid-term sentiment on gold is negative, and bitcoin has finally ended the sideways trend which has been present for the past two weeks.
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Market sessions

## dambrosio

US stock markets have pared all their gains since the start of 2018 in a deep selloff, but the bounce before the end of Friday’s session may prompt some relief

Our bearish view is now fully confirmed: the Dow Jones Industrial Average closed the week below 25k, at 24,688, losing 3%, the S&P500 at 2,659, or -3.9% and the NASDAQ at 7,167, or -3.8%. All indices are below their 200-day simple moving averages and desperately trying to hold on to them. The selloff continued into mid-session on Friday as the major indices shed more than 1%, but again good corporate and GDP data provided some relief.
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Market sessions

## anthony

EURUSD: reversal pattern remains in force as Merkel announces end of political career

On Monday the 29th of October, trading on the euro closed down. The price swayed in different directions against the background of statements by German Chancellor Angela Merkel and data from the US.
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