• Shivkumar

23rd October - Forex Analysis & Economic Calender Impact - By Shivkumar



  • USD/JPY USD/JPY tested former support-turned-hurdle at 104.94, a few minutes ago as Japan's consumer prices slipped for the second straight month in September.

  • GBP/USD GBP/USD has breached the support at 1.3083 (Oct. 12 high), extending Thursday's 0.48% decline.

Bullish/ Bearish: - On the way higher, the pair may encounter resistance at 1.3174, followed by 1.3267, On the downside, support is seen at 1.3011. At press time, the pair is trading at 1.3068.

  • XAU/USD: -Bears seeking a continuation below key daily support.

  • EUR/USD EUR/USD has dropped in Tokyo as the US dollar climbs across the board ahead of the Presidential Debate.

Bullish/ Bearish: - EUR/USD is dropping below crucial support as the dollar rallies ahead of the Presidential Debate. the euro has traded between a low of 1.1786 and 1.1823.

ECONOMIC DATA AND ITS IMPACT


  • GBP: - Retail sales, manufacturing data. Medium impact on the market.

  • EUR: - Retail sales, manufacturing data Data. Medium to high impact on the market.

  • USD: - Presidential debate, Oil Manufacturing, services data. High impact on the market.

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

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FOREX - CRYPTOCURRENCY

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