Market Analysis – October 17, 2016

If you want to take advantage of these opportunities, delivered directly to your inbox and mobile device, click the Copy Our Signals button and join as a Premium Member so you can receive all our signals, as well as our special indicators.

Naturally, the market can change quickly and dramatically so it’s important to regularly monitor markets. The market analysis video has more insights but the following is a quick summary;

* GOLD: Short with a new Weekly Downtrend. Possible long if price breaks 1255.22
* EURUSD: Short unless price closes above 1.0992
* GBPUSD: Short unless new H4 upward trend forms
* EURGBP: Long provided that price breaks above 0.9083
* AUDUSD: Long if price breaks above 0.7676 otherwise rangebound
* NZDUSD: Long provided that price breaks below 0.7116
* AUDNZD: Long provided new H4 downtrend does not form

marketanalysis-oct17-2016

* USDCAD: Rangebound but short if new Daily downtrend forms
* USDCHF: Long provided price breaks above 0.9916 unless new H$ downtrend forms
* USDJPY: Rangebound but long if price breaks above 105.41
* EURJPY: Short unless new H4 upward trend forms
* GBPJPY: Short unless price remains above 125.49
* AUDJPY: Long provided price breaks above 79.40
* NZDJPY: Long provided price breaks above 74.26
* CHFJPY: Long provided price remains above 105.09
* CADJPY: Long provided price stays above 78.42
* EURAUD: Short unless price is supported at 1.4346
* GBPAUD: Short provided price remains below 1.6245
* EURNZD: Short provided price breaks below 1.5410
* GBPNZD: Short unless new upward H4 trend forms
* GBPCHF: Short unless new upward H4 trend forms
* AUDCAD: Rangebound between 1.0048 and 0.9937
* EURCAD: Short provided price closes below 1.4510
* GBPCAD: Short unless new H4 upward trend forms

To get real actionable signals by email alerts & mobile notifications, as well as our special indicators, click
here – http://www.traderselite.com/special

Good trading!

Regards,
The Traders Elite Team

Comments, Feedback & Questions

Leave A Response

* Denotes Required Field