AceTrader - Best Intra-day Forex Trading Strategies


  Subscribe | Forget password


Daily Market Outlook Bookmark and Share

Daily Market Outlook (17 Oct 2018)
Update Time: 17 Oct 2018 08:04GMT
Next Update At: 00:30GMT
USD/JPY - 112.20

The greenback's intra-day break of last Thursday's 3-week trough at 111.84 signals decline from October's 11-month peak at 114.55 has once again resumed and further weakness towards 111.40/50 would be seen after consolidation, however, over sold condition would keep price above support at 111.12 and yield a much-needed correction later this week.  
On the upside, only above 112.54 would indicate a temporary low has been made and risk would increase for a much-needed retracement to 112.83 (previous support, now resistance), then 113.20/30 before down.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

  |    Home  |  Contact Us  |  Subscribe  |  Site Map  |  Disclaimer  |  Risk Disclosure  |  Advertise with us  |  Top