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It´s Friday, the 26th of October, my name is Sara Luis and you are watching Axiory´s
news Broadcast.
Today we begin with technical analysis of the euro dollar. Price has rebounded from
S1 support and if it’s limited from above by daily pivot, consolidation will be in favor.
But if it falls below S1, target will be at S2 support and further fall towards S3 hasn´t
been excluded. Possible sustained increase above daily pivot will negate previous conclusions
and objective will be at R1 resistance. Based on the conclusions for each indicator and
chart analysis we are expecting a bearish trend.
Now let’s move on to another currency pair, the dollar yen analysis. Price will be soon
testing daily pivot and decline below this level will open way towards S1 support. Break
below this level will confirm target at S2 support where bottom could be formed. But
if it rebounds from daily pivot, consolidation could be underway and it will be limited from
above by R1 resistance. Expect a bearish trend today.
After that we have the sterling dollar outlook. Price is moving sideways and it’s probably
limited by resistance R1. Consolidation will be confirmed if price holds above support
S1. Decline towards daily pivot will be indicating correction and fall below S2 support will
confirm downward movement. Expect a bullish trend.
Our last technical analysis is about the dollar franc pair. After a short consolidation price
will probably continue in rise and test resistance R1. Break above this level will open way towards
next target at R2 resistance. But if it rebounds, correction could be limited by daily pivot.
Break below this level will negate previous conclusions and price will focus on support
S1. Expect a bullish trend.
Today´s first news will concern about figures of Switzerland´s economic barometer which
will be published at 8:00 am GMT. Analysts are expecting slight decline from previous
1.67 to 1.66 points. This news will have a medium impact on the franc.
At 1:30 pm GMT Bureau of Economic Analysis is going to release data about advance GDP
in the US. Previous figures showed decline to 1.3 percent while today it’s expected
rise by 1.9 percent and a high impact on the dollar.
Last news will be released at 2:55 pm GMT by University of Michigan and it will concern
about consumer sentiment in the US. In a previous survey, index increased to 83.1 points but
analysts are expecting slight decline to 82.7 points.
We have almost reached the end of our broadcast. You can now see on your screen three tables
showing you the best traders and their trading strategies on Axiory.
Taiyo strategy for aussie yen has decline by 6.1 pips while holding at first position
in the MirrorTrader.
Second Taiyo also declined but by 36.5 pips and third TNT has increased by 19.6 pips.
Last two positions remained unchanged from yesterday.
Leading strategy in the MultiTrader platform fell by 0.12 percent. Second is again Jumping
FX with 11.35 percent. IGSFund has slightly increased but moved to third place.
Fourth is Taiji with 4.41 percent and fifth is Mapleforex rising 5.63 percent.
And on this date in 1905 – Norway became independent from Sweden.
Thanks for watching Axiory´s news broadcast, have a profitable day enjoy your weekend and
I’ll see you on Monday, bye-bye