OctaFX Analytics

2021-05-05 16:13:06 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#BTCUSD

Target Level: 56768.8281
Target Period: day
Interval: 15 minutes
Pattern: Resistance

Approaching Resistance level of 56768.8281 identified at 05-May-11:30
Supported by Upward sloping Moving Average Open / Comment

2021-05-05 16:01:28 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#AUDUSD

Target Level: 0.7757
Target Period: 2 days
Interval: 1 hour
Pattern: Falling Wedge

Falling Wedge has broken through the resistance line at 05-May-14:00. Possible bullish price movement forecast for the next 2 days towards 0.7757.
Supported by Upward sloping Moving Average Open / Comment

2021-05-05 13:17:01 Tip of the day

News that strongly influence Oil prices

U.S. Crude Oil Inventories;
U.S. Gasoline Inventories;
EIA Weekly Refinery Utilization Rates;

An increase in inventory leads to lower price , and a decrease in inventory leads to higher price .

News release time: every Wednesday. Open / Comment

2021-05-05 10:24:17 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#XAUUSD

Target Level: 1789.9800
Target Period: 3 days
Interval: 1 hour
Pattern: Resistance

Approaching Resistance level of 1789.9800 identified at 05-May-06:00 Open / Comment

2021-05-05 10:22:34 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#NZDJPY

Target Level: 78.6840
Target Period: 18 hours
Interval: 4 hour
Pattern: Flag

Flag identified at 05-May-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 78.6840 within the next 18 hours. Open / Comment

2021-05-05 10:18:11 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPJPY

Target Level: 0.7115
Target Period: 3 days
Interval: 4 hour
Pattern: Rising Wedge

Rising Wedge identified at 05-May-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 152.4010 within the next 3 days. Supported by Upward sloping Moving Average Open / Comment

2021-05-05 10:16:01 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#NZDUSD

Target Level: 0.7115
Target Period: 15 hour
Interval: 30 minutes
Pattern: Channel Down

Channel Down identified at 05-May-08:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7115 within the next 15 hours. Open / Comment

2021-05-05 10:10:44 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#USDJPY

Target Level: 109.6920
Target Period: 23 hours
Interval: 4 hour
Pattern: Channel Up

Channel Up identified at 05-May-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 109.6920 within the next 23 hours. Supported by Upward sloping Moving Average Open / Comment

2021-05-05 07:00:23 TODAY’S HIGHLIGHTS

Markit PMI Composite, Germany
Markit PMI Composite, euro zone
ADP Employment Change, USA
ISM Non-Manufacturing PMI, USA
BoC's Governor Macklem speech, Canada

This affects:
EUR and its subsequent pairs
USA and its subsequent pairs
CAD and its subsequent pairs

ECONOMIC CALENDAR Open / Comment

2021-05-04 17:12:27 ​​ TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPJPY

Target Level: 152.4010
Target Period: 2 days
Interval: 4 hour
Pattern: Rising Wedge

Rising Wedge identified at 03-May-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 152.4010 within the next 2 days. Supported by Upward sloping Moving Average Open / Comment