Market Analysis – October 10, 2016

Start-of-Week Market Analysis – October 10, 2016

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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;

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* GOLD: Short with a new Weekly Downtrend emerging but Long if price is supported by 1255.22
* EURUSD: Long if new H4 upward trend forms and if price closes above 1.1270 otherwise rangebound
* GBPUSD: Short provided that price remains below 1.2482
* EURGBP: Long provided that price remains above 0.8940

marketanalysis-oct10-2016

* AUDUSD: RShort if emerging Daily downtrend forms and if price closes below 0.7533
* NZDUSD: Short provided price remains below 0.7160
* AUDNZD: Long provided price remains above 1.0634
* USDCAD: Long provided price remains above 1.3260
* USDCHF: Long provided H4 upward trend holds and price remains above 0.9751
* USDJPY: Long provided price remains above 101.65 with Daily uptrend intact
* EURJPY: Long provided price breaks and closes above 115.66
* GBPJPY: Short provided price remains below 128.80
* AUDJPY: Long provided remains above 77.90
* NZDJPY: Consolidating but possibly long if price breaks 74.26
* CHFJPY: Long provided price remains above 105.09
* CADJPY: Long provided price breaks above 78.42
* EURAUD: Long provided price remains above 1.4705
* GBPAUD: Short provided price closes below 1.6245
* EURNZD: Long while H4 uptrend remains intact
* GBPNZD: Short provided price remains below 1.7707
* GBPCHF: Short provided price remains below 1.2647
* AUDCAD: Long provided price remains above 1.0048
* EURCAD: Long provided price closes above 1.4892
* GBPCAD: Short provided price remains below 1.6471

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