Daily analysis of GBP/JPY for October 03, 2017

Overview The GBP/JPY pair faced sudden negative pressure yesterday that forced it to form some correctional trading and test 50% Fibonacci correction level at 149.10. The stability of the current level confirms forming solid support against the negative fluctuations. So, we still suggest the bullish bias with the target levels of 152.80 followed by 155.20. […]

Daily analysis of Gold for October 03, 2017

Overview Gold price continues to decline. The metal is heading for the projected target at $1,263.15. Let me remind you that this level represents 61.8% Fibonacci correction for the rise from $1,204.81 to $1,235.73. I’d like to stress the importance of this level for the short-term trading. Indeed, breaking this level will extend price losses […]

GBP/USD analysis for October 03, 2017

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3229. According to the 30M time-frame, I found a fake pullback into the yesterday’s trading range, which is a sign of weakness. There is also a breakout of intraday upward trendline, which is another sign of weakness. My […]

EUR/USD analysis for October 03, 2017

Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1762. According to the 15M time -frame, I found a breakout of the upward trendline, which is a sign that buying looks risky. There is a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]

Fiat Chrysler sales down -9.7%

That’s the bad newsThe Fiat Chrysler sales fot the month of September fell -9.7%. That is the bad news. The good news is the estimate was for a -13.0% decline.  Weather is expected to have made an impact this month.

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