Welcome friend!

What October can bring us?

 

Our analysis from September did really well. USD/CHF market went down, although not as much as we wanted it. Down trend should not last here too long. Very good profits could be achieved on GBP/CHF market which arrived at our target level.

USD/CAD market already started its move. Pair went down from levels we marked last time. Market should not fall much more and it is possible it will rebound. Before that it is possible that market will test 1.05 level. Indicators do not confirm recent price decrease so we are hoping for rebound.

It was GBP/CHF market that allowed us to make the biggest profits in september. Although our target from last analysis has been achieved we believe there is still some room for decrease. It is risky to take short positions but possible to gain from it. In shorter than usual time frame pound should be testing 1.60 level. If market moves above pink ellipse(on the chart) our scenario will lose its power.

The last market for today is AUD/JPY. We can see on the chart long consolidation from which new move can begin. We should look at two levels - 76.50 and 80.15. If market breaks beyond any of them(in close price) bigger price movement should follow.