Trading with Venus logo

Get FREE Trade ideas:


Daily Analysis – Oct. 20th, 2014

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Daily Analysis – Oct. 20th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2800, 1.2839, 1.2883, 1.2973, 1.3155
Support:  1.2757, 1.2700, 1.2635, 1.2600, 1.2500
Bias: Trade the range. Look for short entries at the top of the range (1.2839)and long at the bottom (1.2500). There is a potential for a long at 1.2635.

Pair: GBPUSD

Resistance:  1.6180, 1.6220
Support:  1.6120, 1.6053, 1.6020, 1.5953
Bias: The price has been moving up and could go up to 1.6220 which may provide a good short opportunity.

Fundamentals

High Impact News scheduled for today:

  1. FOMC Member Powell Speaks – 10:00am

Indices and Commodities

DOW – up – 16,380.41
S&P500 – up – 1,886.76
Nasdaq – up – 4,258.44
Nekei – down – 15,111.23
FTSE100 – down – 6,254.14
DAX – down – 8,721.91

Gold – down  – $1,236.80
Oil – up – $83.00

Facebooktwittergoogle_plusredditpinterestlinkedinmail


Get the FREE “3 Steps to Consistent Forex Profits” guide

I will never give away, trade or sell your email address. You can unsubscribe at any time.