OctaFX Analytics

2021-05-18 09:24:56 TRADING IDEA
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Trading system - AUTOCHARTIST

#EURUSD

Target Level: 1.2188
Target Period: 4 hours
Interval: 1 hour

Possible bullish price movement towards the resistance 1.2188 within the next 4 hours.
Supported by Upward sloping Moving Average Open / Comment

2021-05-18 07:00:07 TODAY’S HIGHLIGHTS

Gross Domestic Product, Japan
Claimant Count Change, UK
ILO Unemployment Rate (3M), UK
Gross Domestic Product, Euro zone
ECB's Nominated President Lagarde speech, Euro zone
API Weekly Crude Oil Stock, USA

This affects:
JPY and its subsequent pairs
GBP and its subsequent pairs
EUR and its subsequent pairs
oil prices (XBRUSD)

ECONOMIC CALENDAR Open / Comment

2021-05-17 14:38:09 TRADING IDEA
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Trading system - AUTOCHARTIST

#NZDUSD

Target Level: 0.7134
Target Period: 2 days
Interval: 4 hour
Pattern: Triangle

Triangle identified at 17-May-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7134 within the next 2 days. Open / Comment

2021-05-17 14:33:46 TRADING IDEA
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Trading system - AUTOCHARTIST

#AUDUSD

Target Level: 0.7688
Target Period: 2 days
Interval: 4 hour
Pattern: Descending Triangle

Descending Triangle identified at 17-May-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7688 within the next 2 days. Supported by Downward sloping Moving Average Open / Comment

2021-05-17 14:29:53 TRADING IDEA
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Trading system - AUTOCHARTIST

#USDJPY

Target Level: 108.9239
Target Period: 4 hour
Interval: 1 hour

Possible bearish price movement towards the support 108.9239 within the next 4 hours.
Supported by Downward sloping Moving Average Open / Comment

2021-05-17 14:23:05 TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPJPY

Target Level: 153.4620
Target Period: day
Interval: 30 minutes
Pattern: Triangle

Triangle identified at 17-May-05:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 153.4620 within the next day.
Supported by Downward sloping Moving Average Open / Comment

2021-05-17 10:29:23 DAILY FORECAST :

#AUDUSD may keep falling
#EURUSD may break out lower
#ETHUSD may keep falling

DETAILED INFORMATION IS HERE Open / Comment

2021-05-17 10:27:09 #weekly_forecast

Week May 17 - 23

Market focus

TRADERS AND INVESTORS ON HIGH ALERT FOR GLOBAL CPI AND GDP DATA

During the upcoming week traders and investors look to key Consumer Price Index and Gross Domestic Product data from across the globe for direction. CPI inflation releases from the United Kingdom and Canada will be closely watched by market participants this week. Sterling is likely to react as economists are predicting that United Kingdom CPI inflation saw a strong 0.5 percent uptick last month.

Key events:

Monday 17th May, Japanese Gross Domestic Product

Tuesday 18th May, Eurozone Gross Domestic Product

Wednesday 19th May, Canadian Consumer Price Index

Thursday 20th May, ECB President Lagarde Speech

Friday 21st May, EU Manufacturing PMI


Read more details here Open / Comment

2021-05-15 08:28:48 #weekly_review

Week May 10 - 16

ELON MUSK ANNOUNCEMENT SENDS THE PRICE OF BITCOIN CRASHING

Key events:

Bitcoin news
Bitcoin suffered a major price plunge this week after Tesla’s CEO Elon Musk announced that the company would no longer let customers purchase electric cars with Bitcoin.

Inflation rise
The US dollar enjoyed strong buying interest after the April Consumer Price Index report showed that CPI inflation increased to 0.8 percent.

Alt season
Altcoins surged higher this week, as traders continued to shun Bitcoin and move into other alternative cryptocurrencies such as Ethereum and Litecoin.

Copper rise
The price of copper hit a new all-time high this week after the red-metal enjoyed strong buying demand over fears surrounding the government in Peru nationalizing the mining sector.

Read more details here Open / Comment

2021-05-14 15:26:11 TRADING IDEA
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Trading system - AUTOCHARTIST

#XAUUSD

Target Level: 1819.7300
Target Period: 10 hours
Interval: 15 minutes
Pattern: Channel Up

Channel Up identified at 14-May-13:15. This pattern is still in the process of forming. Possible bearish price movement towards the support 1819.7300 within the next 10 hours.
Supported by RSI above 60 Open / Comment