FXOptimax Market Analysis

3rd October 2018 Market Outlook


Euro Yen – EUR/JPY started to rally higher after price pullback into its 130.80 support level yesterday and rejected it as we expected in our 2nd October 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue its rally into its 133.10 resistance level in the near term.

EURJPYrH4

 

Euro Kiwi – EUR/NZD rally higher after price pullback into its 1.7480–1.7380 support area and rejected it as we expected in our 2nd October 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue its bullish moves in the coming days.

EURNZDrDaily

 

NZD/CAD – NZD/CAD continue to decline lower after price rejected its 0.8720–0.8680 resistance area as we expected in our 20th August 2018 Market Outlook. Traders who went short as we recommended may consider taking profits or scale out the position to lock in profits. Traders who missed the shorting opportunity may still hunt for potential short setups especially if price pullback into resistance level.

NZDCADrDaily

Posted on 2018-10-03 09:46:38

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