Euro
Still 1.4150 is the key support to maintain the bullish outlook and keep the prospects open for a challenge of all time high at 1.4281 near term.
Support/Resistance
Key resistance today 1.4281
Key support today 1.4150
Favoured strategy today: Bullish above 1.4150
Res 3 1.4300
Res 2 1.4281
Res 1 1.4244
Sup 1 1.4150
Sup 2 1.4033
Sup 3 1.3980
Cable
Comment:
Still same outlook: Stuck in this slowly rising triangle and key levels are 2.0507 upside resistance and 2.0240 key support. Play the range for now.
Support/Resistance
Res 3 2.0700
Res 2 2.0654
Res 1 2.0507
Sup 1 2.0350
Sup 2 2.0240
Sup 3 2.0080
Key resistance today 2.0507
Key support today 2.0240
Favoured strategy today: Play range 2.0240-2.0507
Swissy
Bearish below 1.1894 (reaction high) and falling trendline is coming in at 1.1970 as well, so that should at least hold for now. But it needs to break below 1.1760 to really open for stronger push lower.
Support/Resistance
Res 3 1.1970
Res 2 1.1924
Res 1 1.1894
Sup 1 1.1760
Sup 2 1.1677
Sup 3 1.1622
Key resistance today 1.1894
Key support today 1.1760
Favoured strategy today: Bearish below 1.1894
yen
Comment:
Bullish and trading above the rising trend line (116.42) and challenging key resistance at 118.00 yesterday again. Should correct lower from here, but minor support at 116.80 needs to be taken out to accelerate things lower.
Support/Resistance
Res 3 118.44
Res 2 118.02
Res 1 117.80
Sup 1 116.40
Sup 2 116.27
Sup 3 115.27
Key resistance today 117.80
Key support today 116.40
Favoured strategy today: Bearish below 117.80
EUR/JPY
Tested 167.70 resistance level yesterday, could not sustain break above this level and saw a decent pullback. The next really big resistance point is towards the all time high at 169. Should correct a bit near term and a dip towards 165.00 support is very possible.
Support/Resistance
Res 3 168.43
Res 2 167.60
Res 1 166.10
Sup 1 165.50
Sup 2 165.05
Sup 3 164.24
Key resistance today 166.10
Key support today 165.05
Favoured strategy today: Bearish below 167.60
EUR/GBP
Found very good support just below 0.6900 level last week and it rose above the 0.7000 level as anticipated Friday. Still bullish potential above 0.6951 today.
Support/Resistance
Res 3 0.7100
Res 2 0.7050
Res 1 0.7019
Sup 1 0.6951
Sup 2 0.6890
Sup 3 0.6870
Key resistance today 0.7050
Key support today 0.6951
Favoured strategy today: Bullish above 0.6951
CAD
Comment:
Solid down trend and bearish momentum is intact below 0.9828 resistance today. However it looks slightly overdone and could see a test of 0.9909 resistance near term.
Support/Resistance
Res 3 1.0000
Res 2 0.9909
Res 1 0.9828
Sup 1 0.9726
Sup 2
Sup 3
Key resistance today 0.9828
Key support today 0.9726
Favoured strategy today: Sell rallies
Major events today (GMT)
08:30 UK CPI (Sep)
09:00 GER ZEW survey (Oct)
13:00 US TIC Flows (Aug)
13:15 US Industrial Production (Sep)
17:00 US NAHB Housing Market Index (Oct)
Rainer’s Astrological Column: (all times in GMT)
N/A
Risk Warning:
Any information in this report is based on data considered to be reliable. but no representations or guarantees are made by Avantage Financial GmbH with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility. legal or other for its contents. We. including our directors. officers. employees or publishers. disclaim all liabilities. Any statement constitutes only current opinions. which are subject to change. Neither the information nor any opinion expressed shall be construed to be. or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading. and this could lead to a loss of all monies deposited. Past performance is no guarantee of future results.
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