Technical Talk: USD/CAD 05-10-2018

USD/CAD Forecast: New NAFTA not good enough against King Dollar
Our preference: short positions below 1.2950 with targets at 1.2850 in extension.Alternative scenario: above 1.2950 look for further upside with 1.3050 as targets.

USDCAD 0.02% is struggling for upside. Watch top for sell.
How you can trade on this chart.
1. Watch top and sell from top after getting valid price action.
2. Sell on breakdown of the flag.
In case price close above the previous high then it will change the sell setup.

Technical Talk: USDJPY 04-10-2018

USDJPY Analysis: Support at 114.00/113.50, resistance at 114.70/115.60
Our preference: long positions below 114.36 with targets at 114.17 & 114.06 in extension.Alternative scenario: above 114.36 look for further upside with 114.56 as targets.

We are expecting longer term drop back in the correction which we are having since December 2016

On lower time frame price is still pushing for up side and it can push up for couple of more pips. So if you will sell without understanding the price action then your entry will be early and you can get stopped out before you see reversal. So what you should do you should watch the top and should look for 1st impulse if you see that is coming out then join thet if not then wait for that to appear.

Technical Talk: GBPUSD 03-10-2018

GBPUSD Analysis: Support at 1.2965/1.2935, resistance at 1.3055/1.3090
Our preference: short positions below 1.3006 with targets at 1.2897 & 1.2805 in extension.Alternative scenario: above 1.3057 look for further upside with 1.3215 as targets.

Technical Talk :XAUUSD 02-10-2018

XAUUSD Outlook: Base of thick daily cloud continues to limit recovery attempts.Our preference: long positions above 1187.50 with targets at 1194.00 & 1198.50 in extension.Alternative scenario: below 1187.50 look for further downside with 1185.00 & 1181.50 as targets.

Technical Talk:AUDUSD 01-10-2018

AUDUSD: Navigated by global trade tensions
Our preference: long positions above 0.7215 with targets at 0.7240 & 0.7260 in extension.Alternative scenario: below 0.7215 look for further downside with 0.7200 & 0.7185 as targets.

Key economic events for the week (Oct 1-Oct 5)

Hi Trader,
Here below you’ll find a list of the scheduled economic events with the highest expected impact for the week to come, in GMT Time. This week, do not miss Non-Farm Payrolls on Friday

MONDAY, OCT 1
24h EUR Eurogroup meeting
06:00 GER Retail Sales (MoM) (Aug)
07:15 CHF Real Retail Sales (YoY) (Aug)
07:55 GER Markit Manufacturing PMI (Sep)
08:00 ITA Unemployment (Aug)
08:00 EUR Markit Manufacturing PMI (Sep)
08:30 GBP Markit Manufacturing PMI (Sep)
08:30 GBP Mortgage Approvals (Aug)
09:00 EUR Unemployment Rate (Aug)
13:00 USD FOMC Member Bostic speech
13:30 CAD Markit Manufacturing PMI (Sep)
14:00 USD ISM Manufacturing PMI (Sep)
14:00 USD ISM Prices Paid (Sep)
16:15 USD Federal Reserve Bank of Boston President Rosengren Speech
21:00 NZD NZIER Business Confidence (QoQ) (Q3)

TUESDAY, OCT 2
04:30 AUD RBA Interest Rate Decision
04:30 AUD RBA Rate Statement
08:30 GBP PMI Construction (Sep)
14:00 USD Fed’s Quarles speech
n/a NZD GDT Price Index
16:00 USD Fed’s Powell Speech

WEDNESDAY, OCT 3
01:30 AUD Building Permits (MoM) (Jul)
07:15 SPA Markit Services PMI (Sep)
07:55 GER Markit PMI Composite (Sep)
07:55 GER Markit Services PMI (Sep)
08:00 EUR Markit Services PMI (Sep)
08:00 EUR Markit PMI Composite (Sep)
08:30 GBP Markit Services PMI (Sep)
12:15 USD ADP Employment Change (Sep)
13:45 USD Markit Services PMI (Sep)
13:45 USD Markit PMI Composite (Sep)
14:00 USD ISM Non-Manufacturing PMI (Sep)
18:15 USD FOMC Member Mester speech
23:50 JPY Foreign investment in Japan stocks (Aug 31)
23:50 JPY Foreign bond investment (Aug 31)

THURSDAY, OCT 4
n/a AUD HIA New Home Sales (MoM) (Aug)
00:30 AUD Exports (Aug)
00:30 AUD Imports (Aug)
00:30 AUD Trade Balance (Aug)
13:15 USD Fed’s Quarles speech
14:00 USD Factory Orders (MoM) (Aug)
14:00 CAD Ivey Purchasing Managers Index (Sep)
14:00 CAD Ivey Purchasing Managers Index s.a (Sep)
23:30 AUD AiG Performance of Construction Index (Sep)
23:30 JPY Overall Household Spending (YoY) (Aug)

FRIDAY, OCT 5
00:30 AUD Retail Sales s.a. (MoM) (Aug)
07:15 CHF Consumer Price Index (YoY) (Sep)
12:30 USD Non- Farm Payrolls (Sep)
12:30 USD Average Hourly Earnings (YoY) (Sep)
12:30 USD Unemployment Rate (Sep)
12:30 USD Labor Force Participation Rate (Sep)
12:30 USD Average Hourly Earnings (MoM) (Sep)
12:30 USD Trade Balance (Aug)
12:30 CAD International Merchandise Trade (Aug)
12:30 CAD Participation rate (Sep)
12:30 CAD Net Change in Employment (Sep)
12:30 CAD Unemployment Rate (Sep)
18:00 USD Baker Hughes US Oil Rig Count
19:00 USD Consumer Credit Change (Aug)


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Technical Talk:NZD/USD 27-09-2018

Technical Analysis: Focus on rising trendline support
Our preference: short positions below 0.6670 with targets at 0.6630 & 0.6610 in extension.Alternative scenario: above 0.6670 look for further upside with 0.6685 & 0.6700 as targets.

 

Technical Talk: AUD/USD 26-09-2018

AUDUSD hovers near falling trend line; indicators signal bullish retracement.Our preference: short positions below 0.7275 with targets at 0.7245 & 0.7235 in extension.
Alternative scenario: above 0.7275 look for further upside with 0.7290 & 0.7300 as targets.