GBP/USD: British Pound slipped below 1.30460 in Friday's session and continued its down run to its 500 EMA as indicated in my previous update. The pair attempted to head back up on Fridays trades but failed and was pushed down below its 500 EMA in the 60 minutes price chart. The Pound finished last weeks session in bears territory at 1.29737.
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The short-term view of the AUD/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
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The short-term view of the AUD/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Support/ Short - 0.72105, 0.71980, 0.71745, and 0.71580
Resistance/ Long - 0.72365, 0.72520, 0.72600, and 0.72835
The trade signals are posted on to our Telegram channel on a regular basis as
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Our forecast
AUD/USD: The Australian dollar fell below its 500 EMA at 0.72365 on the four hours chart in Friday's session, an indication of weakness to the upside. The pair could continue down to 0.71980 and 0.71745 in today's session. The Australian dollar needs to break and maintain above 0.72365 to head back up to 0.72835.
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What is going on now with AUD/USD?
AUD/USD: The Australian dollar fell below 0.72835 support in Friday's session after its third failed attempt to cross over at 0.72990. The pair was supported at 0.2365 for a couple of hours; however, it failed and continued down during the end of Friday's session, closing at 0.72269.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Tuesdays critical macro summary
** National Australia Bank Business Confidence - 11.30 hrs
** Germany Consumer Price Index (CPI) MoM - 18.00 hrs
** France Non-Farm Payrolls QoQ - 18.45 hrs
*** U.K. Average Earnings Index +Bonus(Sep) - 20.30 hrs
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Tuesdays critical macro summary
** National Australia Bank Business Confidence - 11.30 hrs
** Germany Consumer Price Index (CPI) MoM - 18.00 hrs
** France Non-Farm Payrolls QoQ - 18.45 hrs
*** U.K. Average Earnings Index +Bonus(Sep) - 20.30 hrs
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
U.K. Manufacturing Production MoM (Sep) Up - (0.2% vs 0.1% forecast)
*** U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change - (0.6% vs 0.6% forecast)
** U.K. Trade Balance (Sep) - Down (-9.7B vs 11.40B forecast)
** U.K. Trade Balance Non-EU (Sep) Down (-2.34B vs -3.90B)
*** U.S. Producer Price Index (PPI) MoM (Oct) - 0.6% vs 0.2% forecast
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
U.K. Exports QoQ -(2.7%)
*** U.K. Gross Domestic Product (GDP) YoY - (1.5% vs 1.5% forecast)
*** U.K. Gross Domestic Product (GDP) MoM - (0.0% vs 0.1% forecast)
*** U.K. Gross Domestic Product (GDP) QoQ - (0.6% vs 0.6% forecast)
** U.K. Industrial Production MoM - (0.0% vs -0.1% forecast)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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