OctaFX Analytics

2021-07-07 10:40:06 TRADING IDEA
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Trading system - AUTOCHARTIST

#XAUUSD

Target Level: 1814.9100
Target Period: 2 days
Interval: 1 hour
Pattern: Rising Wedge

Rising Wedge identified at 07-Jul-06:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1814.9100 within the next 2 days.
Supported by Upward sloping Moving Average Open / Comment

2021-07-07 10:38:03 TRADING IDEA
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Trading system - AUTOCHARTIST

#EURNZD

Target Level: 1.6763
Target Period: 14 hours
Interval: 15 minutes
Pattern: Support

Broke through Support level of 1.6844 at 07-Jul-09:00
Supported by Downward sloping Moving Average Open / Comment

2021-07-07 10:35:59 TRADING IDEA
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Trading system - AUTOCHARTIST

#BTCUSD

Target Level: 36643.3300
Target Period: day
Interval: 4 hour
Pattern: Channel Up

Channel Up identified at 06-Jul-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 36643.3300 within the next day.
Supported by Upward sloping Moving Average Open / Comment

2021-07-07 10:34:08 TRADING IDEA
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Trading system - AUTOCHARTIST

#USDCAD

Target Level: 1.2429
Target Period: 6 hours
Interval: 30 minutes
Pattern: Triangle

Triangle has broken through the support line at 07-Jul-09:00. Possible bearish price movement forecast for the next 6 hours towards 1.2429. Open / Comment

2021-07-07 10:32:25 TRADING IDEA
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Trading system - AUTOCHARTIST

#USDJPY

Target Level: 110.9120
Target Period: 17 hours
Interval: 30 minutes
Pattern: Channel Down

Channel Down identified at 07-Jul-07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 110.9120 within the next 17 hours. Open / Comment

2021-07-07 09:51:39 #intraday_trading

Check out our intraday trading idea

EURGBP is possibly bullish

Technical analysis
The price trades above EMA(50) and EMA(100)
The EMA(50) and EMA (100) cross, which is favourable for opening a trade
The EMA(50) is above EMA(100), which is advantageous for bulls
The MACD indicator is above 0, with the signal line laying neutral
The RSI is slightly above 50.

Key levels
Support 0.85468 0.85300
Resistance 0.85769 0.86001

Learn more Open / Comment

2021-07-07 08:00:07 #education

Forex for Beginners Courses

You can always watch basic courses for trading newcomers and those who want to improve their knowledge on our YouTube channel:

ENGLISH Forex Basic Course
BAHASA INDONESIA Kursus Dasar Forex
BAHASA MELAYU Kursus Asas Forex
HINDI फोरेक्स मूल पाठ्यक्रम
URDU فاریکس بیسک کورس Open / Comment

2021-07-07 07:00:02 TODAY’S HIGHLIGHTS

Industrial Production, Germany
FOMC Minutes, USA
API Weekly Crude Oil Stock, USA

This affects:
EUR and its subsequent pairs
USD and its subsequent pairs
Oil prices

ECONOMIC CALENDAR Open / Comment

2021-07-06 14:19:55 #intraday_trading

Check out our intraday trading idea

XAUUSD is possibly bullish

Technical analysis
The price trades above EMA (50) and EMA (100)
The EMA(50) is above EMA(100), which is advantageous for bulls
The MACD indicator is above 0, with the signal line pointing up
The RSI is above 50 in the overbought zone but still without a trend change.

Key levels
Support 1,795.14 1,773.85
Resistance 1,812.36 1,825.13

Learn more Open / Comment

2021-07-06 09:50:50 TRADING IDEA
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Trading system - AUTOCHARTIST

#XAUUSD

Target Level: 1810.2519
Target Period: 4 hours
Interval: 1 hour

Possible bullish price movement towards the resistance 1810.2519 within the next 4 hours.
Supported by Upward sloping Moving Average Open / Comment