OctaFX Analytics

2021-07-23 07:00:27 TODAY’S HIGHLIGHTS

Retail Sales, UK
Markit Manufacturing PMI, Germany
Markit PMI Composite, euro zone
Markit Services PMI, UK
Retail Sales, Canada
Markit Manufacturing PMI, USA

This affects:

GBP and its subsequent pairs
EUR and its subsequent pairs
CAD and its subsequent pairs
USD and its subsequent pairs


ECONOMIC CALENDAR Open / Comment

2021-07-22 18:30:06 Enjoy our branded sticker pack

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Traders need instruments like indicators and signals to react to market events. We thought you would also need tools to respond to the news, analytics, and discussions on our channel.

Check out our exclusive Telegram sticker pack that enables you to react to market ups and downs when sharing it with other traders. Open / Comment

2021-07-22 16:25:55 Tip of the day

Market traders are commonly called bulls and bears, depending on what strategy they are pursuing.

Traders who purchase long-term positions in anticipation of their price growth are called ‘bulls’.

Traders who open short sales, selling financial instruments that they do not own at that time (a loan of the underlying asset is provided by the broker), are called ‘bears’. Open / Comment

2021-07-22 15:07:31 TRADING IDEA
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Trading system - AUTOCHARTIST

#EURUSD

Target Level: 1.1752
Target Period: 2 days
Interval: 1 hour

Falling Wedge identified at 22-Jul-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1752 within the next 2 days. Open / Comment

2021-07-22 14:45:03 TRADING IDEA
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Trading system - AUTOCHARTIST

#USDCAD

Target Level: 1.2525
Target Period: 12 hours
Interval: 1 hour

Channel Down identified at 22-Jul-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2525 within the next 12 hours.
Supported by Downward sloping Moving Average Open / Comment

2021-07-22 14:00:08 #trading_spotlight

Every day we analyze the market trends, select the most newsworthy asset, and prepare technical analysis on it—to help you reduce risks and get prepared.

Today's tickers:

In our most likely scenario, the #NZDUSD pair may rise towards the first resistance level of 0.69797
The #USDCAD pair may attempt to break the first resistance level of 1.25508
In our most likely scenario, the #XBRUSD pair may rise towards the first resistance level of 71.88

Learn more Open / Comment

2021-07-22 13:41:07 #intraday_trading

Check out our intraday trading idea

GBPUSD is possibly bullish

Technical analysis
The price trades above EMA(50) and EMA(100)
EMA(50) is above EMA(100), which is beneficial for bulls
The MACD indicator is above 0, and uprising
The RSI is above 50

Key levels
Support 1.36742 1.36346
Resistance 1.37605 1.38019

Learn more Open / Comment

2021-07-22 09:57:30 TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPCAD

Target Level: 1.7282
Target Period: 9 hours
Interval: 30 minutes
Pattern: Channel Down

Channel Down has broken through the resistance line at 22-Jul-05:00. Possible bullish price movement forecast for the next 9 hours towards 1.7282.
Supported by Upward sloping Moving Average Open / Comment

2021-07-22 09:55:44 TRADING IDEA
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Trading system - AUTOCHARTIST

#NZDUSD

Target Level: 0.7044
Target Period: 3 days
Interval: 4 hour
Pattern: Channel Down

Channel Down identified at 21-Jul-16:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7044 within the next 3 days.
Supported by Upward sloping Moving Average Open / Comment

2021-07-22 09:53:11 TRADING IDEA
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Trading system - AUTOCHARTIST

#BTCUSD

Target Level: 34672.6100
Target Period: 3 days
Interval: 4 hour
Pattern: Channel Down

Channel Down identified at 21-Jul-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 34672.6100 within the next 3 days. Supported by Upward sloping Moving Average Open / Comment