Forex trading! S: support.adamantfinance M: info@adamantfinace.com Registration
Analytics Technical analysis

Technical Analysis October 3, 2016

03 October 2016
EURUSD

03_10_2016_eur.jpg

The currency pair went down during European session after important news on German Deutsche Bank problems. However, it gained back all its lost positions after US Personal Spending data which was worse than expected and declined to 0,0%. Experts expected this data to decline towards 0,2% from 0,4%. We advise to pay attention to Eurozone’s and US Manufacturing PMI’s as those figures may influence fluctuations.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair is in a tight range and we expect this dynamics to continue during the next couple of days.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is close to the MA55 balance line. It is better to avoid trading and wait for clearer signals at the moment.



GBPUSD

03_10_2016_gbp.jpg

The currency pair went in both directions during Friday and had no clear trend. GBP/USD is in the area to stimulate short trades with close targets. There is the downtrend and you may try short trades. We expect the currency pair to go further downwards as the market participants are waiting for Friday’s US non farm payrolls data. It is also important to pay attention to UK PMI data which may have considerable impact on the currency pair this week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in an uptrend in the beginning of the last week. However, it reversed in the end and we expect GBP/USD to continue to slide down during the next five days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55. You may try short trades from 1,29400.



AUDUSD

03_10_2016_aud.jpg

The currency pair moved down in the beginning of European session on Friday. However, after US Personal Spending data, AUD/USD went upwards. The trend still looks downwards. There was an opportunity to open short trades according to our recommendations on Friday from the broken through trendline. The price went in a negative area for about 120 pips. Today there is another opportunity to sell with close stops.

There is still the uptrend on the Weekly chart as the price is above the MA55. A breakthrough of the trendline at 0,76500 was fake. The scenario for the currency pair to go down is still actual.

There is a weak downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55. We advise to open short trades from the trendline. Place stops above the curve.



USDCHF

03_10_2016_chf.jpg

The currency pair restored its casual dynamics after Thursday’s momentums. USD/CHF has no current trend and is trading in a range. We expect the currency pair to grow a little this week as market participants are waiting for Friday’s US non farm payrolls data.

There is no trend on the Weekly chart as the price is fluctuating around the MA55 balance line. There is no clear tendency on the chart. We expect USD/CHF to grow this week on the eve of important US Labor Market data on Friday.

There is no trend on the Hourly chart as the MA-channel is horizontal and the price is above the MA55 balance line. We advise to take no decisions.

Back to analytics