AUD/JPY Analysis There was a sudden jump in the price, as most of the people were short including my self but close which some loss.
Now if the price move above 74.200$ go for long or it may take rejection before going further
Octafx
USDJPY 108.45 importantThe US dollar is trading towards the best levels of the week against the Japanese yen, following reports that a minor Sino-US trade deal may be on the cards. The 108.50 level is now the key technical area that bulls will need to break to encourage a test of the 108.80 level. Overall, the USDJPY pair now has a strong bullish bias while trading above the 107.45 resistance level.
• The USDJPY pair is only bearish while trading below the 107.45 level, key technical support remains at the 106.90 and 106.00 levels.
• The USDJPY pair is only bullish while trading above the 107.45 level, key resistance is found at the 108.50 and 108.80 levels
EURUSD moment of truthThe euro is holding above the 1.1000 level against the US dollar in early Friday trade, although the pair is struggling to move past the 1.1030 resistance level. The EURUSD pair faces a moment of truth, with sellers poised to move if the 1.1000 support level is broken. Overall, buyers are still in control while the EURUSD pair starts to stabilize above the psychological 1.1000 level.
• The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0950 and 1.0920 levels.
• The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1030 and 1.1070 levels.
BTCUSD $8,600 proving difficultBitcoin is attempting to hold onto recent trading gains, despite a negative decision from the SEC over a potential Bitcoin Exchange Trade Fund. The BTCUSD pair has broken above its recent trading range and now needs to break above its 200-day moving average, around the $8,600 level. Once above the $8,600 level, the $9,100 level offers formidable technical resistance
• The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $9,100 and $9,300 levels.
• If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,700 and $7,100 support levels.
USDJPY moving higherThe US dollar is moving higher against the Japanese yen currency after bearish momentum faded below the pivotal 106.90 support level. If USDJPY bulls can maintain price above the 107.45 level the pair could advance towards at least the 108.00 technical region. Overall, the resumption of Sino-US trade talks later today is likely to decide the overall direction of the USDJPY pair.
• The USDJPY pair is only bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels.
• The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 108.00 levels
LTCUSD $66.00 still keyLitecoin is attempting to recover higher in early Thursday trade as the fifth-largest cryptocurrency receives a boost from improving trading sentiment. The LTCUSD pair must break above the $66.00 level to negate short-term selling pressure. Overall, the LTCUSD pair is still vulnerable to a decline towards the $36.00 level if the broader cryptocurrency market starts to trade lower
• If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $66.00 and $73.50 levels.
• If the LTCUSD pair trades below the $60.00 level, key support is found at the $50.00 and $36.00 levels.
EURUSD ECB minutes keyThe euro is holding firm against the US dollar in early Thursday trade, ahead of the release of the ECB Meeting Minutes later this morning. Any commentary towards increasing QE purchases will likely be bearish for the EURUSD pair. To the upside, if ECB members are seen to be divided about further QE purchases, it will likely be taken as bullish for the EURUSD pair.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
GBPUSD 1.2200 breakdownThe British pound is back under selling pressure against the US dollar as the chances of a hard-Brexit scenario appear to have increased. A sustained break below the 1.2200 support level could trigger a major technical sell-off in the GBPUSD pair, with the yearly trading low the initial target. Overall, moves back towards the 1.2275 level are likely to be met with strong counter selling.
• The GBPUSD pair is only bearish while trading below the 1.2275 level, key support is found at the 1.2200 and 1.2100 levels.
• If the GBPUSD pair trades above the 1.2200 level, key resistance is found at the 1.2250 and 1.2275 levels.
EURUSD 1.0950 is keyThe euro currency is edging lower against the greenback as recent bullish momentum fades ahead of the release of the FOMC meeting minutes later today. EURUSD bulls need to maintain the pair above the 1.0950 level to encourage dip-buying this week. A loss of the 1.0950 support level could see the EURUSD pair quickly sold back towards its former weekly trading low.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
BTCUSD range break neededBitcoin is holding firm above the $8,000 level after a surge in the value of Ripple helped inspire a rally in the broader cryptocurrency market earlier this week. A clear range break is needed from the $7,700 to $8,500 level to increase short-term trading participation and volume. The range breakout may come this week, as another Bitcoin ETF decision is due from the Securities and Exchange Commission before October 13th.
• The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $9,000 and $9,300 levels.
• If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,700 and $7,100 support levels.
GBPUSD traders uncertainThe British pound is consolidating the 1.2300 level against the US dollar after traders failed to hold price below the important 1.2275 level. Uncertainty towards Brexit developments is keeping the GBPUSD pair contained, leaving traders to scalp the short-term range. Overall, traders will be looking to short the GBPUSD pair this week on a break of the 1.2275 level in anticipation of a much larger decline.
• The GBPUSD pair is only bearish while trading below the 1.2275 level, key support is found at the 1.2245 and 1.2200 levels.
• If the GBPUSD pair trades above the 1.2275 level, key resistance is found at the 1.2375 and 1.2410 levels.
EURUSD 1.1000 struggleThe euro is struggling to move above the 1.1000 resistance level against the US dollar as traders remain cautious ahead of the release of the FOMC meeting minutes. Bearish Sino-US trade news has also previously failed to send the EURUSD pair higher. Overall, unless the 1.1025 level is broken, traders may be considering initiating short positions from just above the 1.1000 area.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
ETHUSD $185.00 importantEthereum is performing a near-term technical bounce after the ETHUSD pair found strong support from the $168.00 level over the weekend. ETHUSD bulls need to hold the pair above the $185.00 level to encourage buying interest towards the $210.00 level. Failure to overcome the $185.00 level could easily see the ETHUSD pair sold back towards the September low.
• If the ETHUSD pair trades above the $185.00 level, key resistance is found at the $189.00 and $210.00 levels.
• If the ETHUSD pair trades below the $185.00 level, key support is found at the $168.00 and $150.00 levels.
USDJPY trade talk buzzThe US dollar is attempting to recover above the 106.90 level against the Japanese yen, with the pair appearing to have found an interim price floor. The USDJPY could drift higher towards 107.45 level this week, as initial Sino-US trade talk optimism dominates market sentiment. Overall, the USDJPY pair is technically bearish while trading under the important 106.90 support level.
• The USDJPY pair is bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels.
• The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 107.70 levels
BTCUSD bearish under $8,500Bitcoin has opened the new trading week under pressure as the cryptocurrecy struggles to attract buyers from the $8,000 support level. The BTCUSD pair is still trading in a narrow range, as it prepares for upcoming fundamental news from the US Securities and Exchange Commission over a Bitcoin ETF. Overall, the next big directional move should come from a break of the $7,700 to $8,500 price range.
• The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $9,000 and $9,300 levels.
• If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,700 and $7,100 support levels.
EURUSD major trendline resistanceThe euro currency is still holding onto its recent gains against the greenback, as the pair attempts to break its multi-month losing streak. The lower time frames are currently showing that the EURUSD pair faces major trendline resistance around the 1.1025 level this week. Overall, EURUSD buyers still have the upper hand while the price continues to trade above the pivotal 1.0950 level.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
LTCUSD still bearishLitecoin remains in a vulnerable technical position, with the cryptocurrency threatening a deeper decline if the $50.00 support level is broke. The LTCUSD pair is trading below the neckline of a head and shoulders, with the $36.00 level the medium-term target. LTCUSD bulls need to rally the pair above the $66.00 level to encourage traders to move back into short-term long positions.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $66.00 and $73.50 levels.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
GBPUSD Brexit boostThe British pound has moved towards the 1.2400 level against the US dollar, following bullish news surrounding British PM Boris Johnson’s new Brexit proposals. The GBPUSD pair has a strong bullish bias while trading above the 1.2325 level, with the 1.2470 level currently acting as extended weekly resistance. Overall, the latest rally has also helped to complete the bearish head and shoulders pattern on the lower time frames.
• The GBPUSD pair is only bearish while trading below the 1.2325 level, key support is found at the 1.2275 and 1.2200 levels.
• If the GBPUSD pair trades above the 1.2325 level, key resistance is found at the 1.2440 and 1.2510 levels.
EURUSD jobs in focusThe euro currency is still holding firm against the US dollar, with the pair remaining well-supported above the pivotal 1.0950 technical region. EURUSD traders are heavily focused on the release of US jobs data later today, with a worse-than-expected likely to prompt a rally towards the 1.1070 level. A better-than-expected number may see the EURUSD pair forced back toward the 1.0920 are.
• The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels.
• The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
Cad/JPY Adam EVE pattern detectedPossible next move for CAD/JPY is upward, but before going long wait for it to successfully break the neckline and once broken lookout for the targets
USDJPY 106.90 keyThe US dollar is under increasing downside pressure against the Japanese yen currency as global equity markets and the greenback falters over recent US data misses. The 106.90 level is now the key support region that bears must break to force a further decline toward the 105.50 level. Overall, the USDJPY has a strong intraday bearish bias while trading below the 107.45 level.
• The USDJPY pair is only bearish while trading below the 107.45 level, key technical support remains at the 106.90 and 106.35 levels.
• The USDJPY pair is bullish while trading above the 107.45 level, key resistance is found at the 107.70 and 108.00 levels.
BTCUSD $7,700 pivotalBitcoin is struggling to find a clear directional bias on Thursday, after the recent rally towards the $8,500 level was quickly sold lower. The BTCUSD pair’s 100-week moving average, at $7,700, is currently acting as a major pivot and containing further losses. The $6,600 level could come into focus if a bearish break occurs, while the $9,000 level still remains the likely near-term bullish target.
• The BTCUSD pair is only bullish while trading above the $8,300 level, key resistance is located at the $9,000 and $9,600 levels.
• If the BTCUSD pair trades under the $8,300 level, sellers may test towards the $7,700 and $6,600 support levels.
