Check the forex news, weekly analysis, and top events in the financial markets.
- 11th Oct – CAD – Thanks Giving Day
- 12th Oct – GBP – Average Earning Index 3m/y and Unemployment Rate, EUR – ZEW
- 19th Oct – AUD – Monetary Policy Meeting Minutes
- 20th Oct – GBP, EUR, CAD – Consumer Price Index & Core
- 21st Oct – US – Unemployment Claims
- 22nd Oct – AUS – RBA Governor Lowe speech, GBP – Retail Sales, EUR & US – Manufacturing PMI
For more insights check the major event in the financial market outlook and top releases of the economic calendar.
Forex Analysis and Levels for the Major Pairs
Technical analysis and trade ideas for the major currency pairs, gold, and Bitcoin, can be used to establish suitable objectives and manage risk by identifying regions in a chart where the price is expected to approach.
- EURUSD, I’m expecting the price to drop to 1.15000 level this week before start rising.
- GBPUSD There is still high probability for the price to rise to test the 1.38000 level before start dropping further to test the 1.36800 level.
- AUDUSD, I’m expecting for the price to drop to test the 0.73000 level if the 0.74000 level is broken.
- NZDUSD, I’m expecting the price to drop to test the 0.70000 level this week.
- USDCHF, I’m expecting for the price to rise further if it closes above the 0.92500 this week, the next possible level will be 0.93500 level.
- USDCAD, I’m expecting for the price to rise further if it closes above the 1.24000 level this week and the next possible level for the price to test is the 1.25000 level.
- USDJPY, there is high probability for the market to drop to test the 112.200 level this week.
- Gold trading, I’m expecting the price to drop further to test the 1750 level this week.
- BTCUSD, I’m expecting a pullback to 53000 level.
DISCLAIMER: The publication of market analysis is a marketing communication and does not constitute investment recommendations. This content provides a general views of our experts and does not consider the individual circumstances, investment experience or current financial situation. AximTrade is not liable for any losses incurred due to the use of analysis. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
Learn more about technical analysis
Forex analysis is one of the main skills for forex traders to be successful in their trading careers. The main function of analysis is to analyze the financial markets using different methods and indicators to identify the price movement. One of the main approaches is technical analysis since most successful forex traders rely on this type of analysis to study the market. In the forex market, traders can use forex news and analysis to analyze the major pairs, Gold, and cryptocurrencies.
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