Analisis Forex & Kajian: 24.10.2017 - Trading plan for 24/10/2017

24.10.2017 10:08 AM

Trading plan for 24/10/2017

Trading plan for 24/10/2017:

The markets are still waiting to settle in a set of political themes, which condemns trade to remain in the narrow band. Speculation that the central bank's mandate to change in New Zealand harms NZD, which is today the weakest.The rest of FX is relatively stable, waiting for settlement on the ECB side, Brexit, US tax reform, the election of the Fed Chair. EUR/USD rebounded at 1.1770 overnight. USD/JPY has fallen to 113.20 in the New York session but is already heading towards 113.50.

On Tuesday 24th of October, the event calendar is busy with important data releases in form of a set of Flash PMI Manufacturing, Services and Composite data from France, Germany, Eurozone and the US.

EUR/USD analysis for 24/10/2017:

The market participants expect the Flash PMI reading to be at least in line with the expectations, which means, the indicators should stay above the fifty level that separates expansion from contraction. Except for today's data, the list of topics that may move the markets this week is long, but for now, not much is moving in the financial markets and the volatility is low. As a result, the EUR remains frozen until Thursday ECB interest rate decision and investors are not even willing to open the limit orders before the event.

Let's now take a look at the EUR/USD technical picture at the H4 time frame. Before the week's main event, the price is moving inside of the tight horizontal zone between the levels of 1.1729 - 1.1880. The 61% Fibo at the level of 1.1876 is still the key level to the upside and any violation of this level will lead to range breakout and a rally towards the next technical resistance at the level of 1.1936. The key level to the downside is seen at the level of 1.1665.

Market Snapshot: is DAX about to start a correction?

The price of German DAX index has been trading around the level of 13,000 for some time now and has established a horizontal zone between the levels of 13,095 - 12, 908. Due to the clear and visible bearish divergence between the price and the momentum oscillator, the possibility of a deeper local correction is high. The first target would be the gap between the levels of 12.809 - 12, 849, but the dip might extend much lower.

Market Snapshot: EUR/GBP in horizontal range

The price of ERU/GBP has tested the 50% Fbo at the level of 0.9025 again but did not manage to break out above it. The market returned to the consolidation zone between the levels of 0.8856 - 0.9025 and this two levels will be the key levels for both bulls and bears in the coming days.

Anda telah pun menyukai siaran hari ini

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jika anda mempunyai sebarang soalan berkaitan kandungan, sila hubungi editorial-board@instaforex.com

Trading plan

Sebastian Seliga,
Pakar analisis InstaForex
© 2007-2025

Lebih banyak artikel daripada pengarang ini

Tanya Pengarang

Langganan E-mel

EURUSD

Euro vs US Dollar

Pilih carta masa

min

jam

hari

minggu

Mulakan dagangan

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.

Muat turun MetaTrader 4 dan buka dagangan pertama anda.

Artikel yang dicadangkan

Bagaimana untuk Berdagang Pasangan GBP/USD pada 13 Mac? Petua Ringkas dan Analisis Dagangan kepada Pedagang Baharu

Bagaimana untuk Berdagang Pasangan EUR/USD pada 13 Mac? Tip dan Analisis Dagangan Ringkas untuk Pemula

Cadangan Dagangan dan Analisis untuk GBP/USD pada 13 Mac: Pound Memutuskan untuk Tidak Menunggu

Cadangan dan Analisis Dagangan untuk EUR/USD pada 13 Mac: Adakah Sesiapa Perasan Laporan Inflasi?

GBP/USD: Rancangan Dagangan untuk Sesi Urusniaga Amerika Syarikat pada 12 Mac (Semakan Dagangan Pagi)

EUR/USD: Rancangan Dagangan untuk Sesi AS pada 12 Mac (Analisis Perdagangan Pagi). Euro Bersedia untuk Bergerak

Bagaimana Berdagang Pasangan GBP/USD pada 12 Mac? Tip dan Analisis Dagangan Ringkas untuk Pedagang Baharu

Bagaimana untuk Berdagang Pasangan EUR/USD pada 12 Mac? Petua Ringkas dan Analisis Dagangan kepada Pedagang Baharu

Cadangan Dagangan dan Analisis untuk EUR/USD pada 12 Mac: Satu Lagi Penurunan 100 Mata untuk Dolar

Cadangan dan Analisis Dagangan untuk GBP/USD pada 12 Mac: Kenaikan Tanpa Henti Berterusan