OctaFX Analytics

2021-05-10 14:50:53 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#EURJPY

Target Level: 131.5750
Target Period: day
Interval: 15 minutes
Pattern: Channel Up

Channel Up identified at 10-May-12:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 131.5750 within the next day.
Supported by Downward sloping Moving Average Open / Comment

2021-05-10 14:48:29 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#USDCAD

Target Level: 1.2094
Target Period: 6 hours
Interval: 15 minutes
Pattern: Channel Down

Channel Down identified at 10-May-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2094 within the next 6 hours. Open / Comment

2021-05-10 14:46:02 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#EURUSD

Target Level: 1.2187
Target Period: 4 hours
Interval: 1 hour

Possible bullish price movement towards the resistance 1.2187 within the next 4 hours.
Supported by Upward sloping Moving Average Open / Comment

2021-05-10 11:05:18 DAILY FORECAST :

#AUDUSD is likely to continue rising
#EURUSD may keep rising
#USDJPY may keep rising

DETAILED INFORMATION IS HERE Open / Comment

2021-05-10 09:33:27 #weekly_forecast

Week May 10 - 16

Market focus

U.S. CPI INFLATION HEADLINES THE ECONOMIC DOCKET THIS WEEK

During the upcoming trading week the release of United States Consumer Price Inflation data is the main event on the economic docket that traders and investors will be watching out for. Market participants will be looking closely for signs of increasing inflationary pressure in the US economy as commodity prices continue to surge. The release of United States Retail Sales and Consumer Sentiment data will also be closely followed this week.

Key events:

Monday 10th May, Australian Retail Sales

Tuesday 11th May, German ZEW Survey

Wednesday 12th May, US Consumer Price Index

Thursday 13th May, US Initial Jobless Claims

Friday 14th May, US Consumer Sentiment

Read more details here Open / Comment

2021-05-07 13:30:51 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#GBPCHF

Target Level: 1.2735
Target Period: 2 days
Interval: 1 hour
Pattern: Rectangle

Rectangle identified at 07-May-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2735 within the next 2 days. Open / Comment

2021-05-07 10:53:46 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#GBPCAD

Target Level: 1.7112
Target Period: 2 days
Interval: 1 hour
Pattern: Channel Down

Channel Down identified at 07-May-07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.7112 within the next 2 days. Supported by RSI below 40 Open / Comment

2021-05-07 10:50:52 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#GBPJPY

Target Level: 152.2270
Target Period: 2 days
Interval: 1 hour
Pattern: Triangle

Triangle identified at 07-May-07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 152.2270 within the next 2 days.
Supported by Upward sloping Moving Average Open / Comment

2021-05-07 10:49:03 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#BTCUSD

Target Level: 52885.9000
Target Period: 3 days
Interval: 4 hour
Pattern: Triangle

Triangle identified at 07-May-08:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 52885.9000 within the next 3 days. Supported by RSI above 60 Open / Comment

2021-05-07 10:43:29 ​​ TRADING IDEA
———————————-————
Trading system - AUTOCHARTIST

#NZDUSD

Target Level: 0.7191
Target Period: 13 hours
Interval: 30 minutes
Pattern: Rising Wedge

Rising Wedge identified at 07-May-07:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7191 within the next 13 hours. Open / Comment