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Business / Finance

Trading recommendations for 5.10.2018

Portal Forex trader 04.10.2018 at 21:46

Forex trading strategies, expert advisors, indicators, video training trade

Hello. Below are a few recommendations for trading in the Forex market on 5.10.2018

EURUSD

On the EURUSD pair formed a pattern inside bar after breakout of the level of 1,1530. Probably moving up, this is a small correction to the broken level and continue falling and the development of the down trend. Look here to sales.

GBPUSD

On GBPUSD could not go on the trend line and formed a pattern of Absorption. May complete the decline and resume growth next trend. Consider purchase here.

USDJPY

On the USDJPY pair rose to the level of 114,500 and bounced formed a pattern of Internal bar. I think that you should wait for a correction down to of 113.00. Then we will continue to grow further with the trend. Sales here do not consider, as they are against the trend.

Open orders big banks

Fundamental news APR Nikkei 225 — 0,56%, Hang Seng Index up 1.7% KOSPI — OF 1.52% S&P/ASX 200 to 0.49%

Asian investors are under pressure from the negative rhetoric of the White House, accusing China in the number of crimes, starting with intervention in the elections, ending the attempted overthrow of President Donald trump. Bidders are afraid of new sanctions, so the indices of neighboring Hong Kong and South Korea continue to decline.

On the Japanese stock exchange falling of a technical nature – the Nikkei reached a record 27-year-old maximum boundaries. Australia's S&P still goes against the General trend – a buy traders due to another increase in the cost of oil basket and grown better than expected, trade surplus in August to 1,604 In (preliminary estimate 1,430).

the Bellicose rhetoric of the US administration led to a strong fall in stock indices, which coincided with a new record rise in us yields (treneris fed), indicating a crisis of expectations.

the S&P 500 -0,83% Dow Jones -0.75 per cent of NASDAQ — 1,81%

the Situation was not saved by the excellent statistics on the labour market, which fell higher than the forecast of applications for initial unemployment benefits (207K when expectations 211K) and increased by 2.3%, the volume of industrial orders in August, which exceeded the preliminary estimate of analysts 2.3%.

On the market Forex traders prefer to adjust their positions on the dollar, whose index has decreased after several days of growth retracement of 96 PP.

the Eurozone, the FTSE 100 — 1,22% CAC 40 is 1.47%, DAX up 0.35%

Italian Budget crisis in the Eurozone overshadowed the issue of Brexit – from the EU negotiator Michelle the Election announced the imminent expiration of the ultimatum, which envisages the completion of the discussion of the conditions of release in the UK in November.

Commissioner talks Brexit from EU Michel the Election holds a press conference

Remains unresolved one significant problem on the border with Ireland, which London does not intend to cede its position.

These events and panic selling on the stock market of the USA together with a rapid leap in the demand for U.S. treniers led to the mass closing of positions on European exchanges.

the Forex market traders took advantage of "dollar weakness", after continuous fall in six sessions on Thursday was dominated by purchases of Euro, the EUR/USDo closed in positive territory.

regards, Artem aka TeaDrinker

last autumn