JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish 
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
Crypto Bias Report: Trend Signals and Top Bullish Picks 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro- Woodies pivot (Major) 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
Intraday bias remains bullish as long as support 0.8550 holds. It hit a high of 0.86696 at the time of writing and is currently trading around 0.86589.
Economic data
|
Date |
Time (GMT) |
Currency |
Event |
Actual |
Forecast |
Previous |
|
Oct 18th |
12:30 pm |
USD |
Building permits |
1.43M |
1.45M |
1.47M |
|
|
|
USD |
Housing Starts |
1.35M |
1.35M |
1.36M |
Technicals-
The pair is trading above 34 and 55 EMA in the 4-hour chart.
The near-term resistance is around 0.8670 any break above targets is 0.8698/0.8750. The bearish pattern from 0.92244 will be completed at 0.8375 if the pair closes above 0.8750. A jump to 0.8800/0.8925 is possible. The immediate support is at 0.8620, any violation below will drag the pair to 0.8580/0.8550/0.8525/ 0.84990/0.8440/0.8420/0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index - Neutral. Overall trend is bullish
It is good to buy on dips around 0.8600 with SL around 0.85480 for a TP of 0.8748.
