• Shivkumar

20th October - Forex Analysis & Economic Data impact - By Shivkumar



  • USD/JPY USD/JPY rises to 105.6, up 0.13% intraday during early Tuesday’s trading. The pair recently picked up bids as stocks in the Asia-Pacific region mark losses.

Bullish/ Bearish: - Currently around 105.85, level of 105.75 may offer an intermediate halt during the rise. The USD/JPY bears after level of 105.50.

  • AUD/USD: -AUD/USD AUD/USD continues to trade in the red as RBA's minutes sound dovish.

Bullish/ Bearish: - is currently trading at 0.7056, having hit a low of 0.7046 a few minutes ago. As such, demand for the safe-haven US dollar may weaken, helping AUD/USD avoid deeper losses for some time.

  • EUR/USD A breakout will likely accelerate the preceding uptrend from 1.17.

Bullish/ Bearish: - A break below 1.1760 could invite stronger selling pressure, yielding a deeper pullback to 1.1740. Bullish above 1.1772

  • NZD/USD NZD/USD refreshes intraday low to 0.6584 after PBOC left key rates unchanged.

Bullish/ Bearish: - It should be noted that the NZD/USD bulls’ dominance past-0.6645 can refresh the monthly top of 0.6683.

  • GBP/USD GBP/USD consolidates losses from 1.3025 while bouncing off 1.2936.

Bullish/Bearish: - any further upside will be probed by the 1.3000 and Monday’s top near 1.3025. the pair’s downside break of the latest low near 1.2935 can direct GBP/USD bears toward the 1.2900 threshold ahead of making them combat the 1.2863


ECONOMIC DATA AND ITS IMPACT


  • EUR: - Producer price index, CHF Trade balance, import & export, Current balance. Data. Medium to high impact on the market.

  • USD: - Building, Housing & Redbook data. Medium to high impact on the market.

Good Luck & Let’s approach the market with proper education, Risk & Money Management rules.

Register for Technical news and market update shiv@shivfxcrypto.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326

Image by Andrew Neel

FOREX - CRYPTOCURRENCY

© 2023 by ShivFxCrypto

  • Twitter
  • Facebook
  • Instagram