EUR RSI and Stochastic Figures Signals trade lows

The major currency pairs strolled during Asian Session. EUR trade diminished, GBP gained strength by trading well with twenty pips but getting tough competition from JPY and AUD trading. The retail sales report of Japan showed a decline in sales of about 1.4% in September.

USD doing well at the Forex trading platform and waiting for the third-quarter GDP figure that is expected to increase by 3.2%.

EUR/USD: As EUR/USD fetched the profits on Tuesday and is trying to sustain the last week’s price rally it closed at lows. The lower trade range made the pair to open with lows on Wednesday Forex trading. The RSI and Stochastic data are indicating that the downturns in the pair prices are sure in the coming trades.

However, the pair traded with a low of 1.4770 and a high of 1.4928 and finally closed at the spot rate of 1.4810.

USD/JPY: The USD/JPY stopped at higher prices on Tuesday as the pair consolidates above the twenty-day moving average limits. The price action range of the pair made it to open steadily on Wednesday. The pair is trading with the support level of 91.60 and the resistance level of around 92.33 and finally dropped from the level of 92 and stopped at 92.25.

GBP/USD: They are trading with greater than hundred day moving average at the price level of 1.6363 during the Forex session. The pair traded at a low level of price action of around 91.61 and a higher level of 1.6440 and finally found a spot at 1.6380 at the closing of the New York Session.

If the pair reached the trading area of 1.6500, the pair will surely test the level of 1.6680 once again.

These are the updates of the currency pairs and US Q3 GDP figures are going to give a clear image about the USD position at the Forex trading platform. The GDP is directly promotional to consumption rate, consumer confidence in the USD trading so the figures will enable the traders and Forex experts to analyze the trading and economic status of the nation.

The currency pair updates enables the trader to formulate their own trading style depending on their understanding of the Forex trading indicators and the updates of different trading session.

Tags: Currency pair, Forex, Forex Information, Forex trading platform

Forex says- Good morning!!! To all Traders

Let’s start our day with the fresh Forex initials and find out what’s the report of currency pair status at the trading platform.

USD: USD is getting support from the market and trading well because the risk phase faded and started fetching profits from most of the currency pair trades.

The USD/JPY did a great job with reaching at the height of 92 JPY level and attained a fresh highs in the trading since last few months.

EUR had to make strong efforts to maintain the level of 1.5000. The existing US home sale is moving ahead with +9.4% very appreciative as compared to the expectation of 5%.

From US stock reports we have, DJIA lost by -109 points closing at 9972, NASDAQ lost by-10 points closing at 2154 and US S&P lost by -13 points closing at 1079.

EUR: EUR had a mixed trading response and at the closing of US trade level at 1.5000 but strived hard to break through the highest level. The EUR/JPY handled to reach at the rally point of USD/JPY but there were losses in the GBP trade. The forecast of IFO Business Climate of October was 92 and it attained 91.1%. However, the EUR/USD traded at a low of 1.4993 and a high of 1.5060 and finally closed at 1.5000.

JPY: The currency traded higher than 92 as the rally point extended. The conflicting outlook about the interest rates is supporting the USD firm trade at the trading platform and again making them to become a currency having higher potential.

The regular recurrence of the carry trade making the JPY trade more weak. However, they managed to trade at a low of 91.29 and a high of 92.29 and finally closed at 92.07 in the New York Session of trade.

GBP: The GBP sold off violently because of the off-putting third-quarter GDP parting the UK in recessive trend. The pair dropped below three big figures again achieving gains later in the week.

The third-quarter GDP was expected to be around 0.2% but it is around -0.4%. However, the GBP/USD traded at a low of 1.6300 and a high of 1.6693 and finally closed at 1.6308.

Oil and Gold: The gold drop with USD trading strength but maintain its trading range. However, trading with a low $1051 USD and higher of $1068 USD before closing the New York session at $1053 USD. The oil dropped back to $80 per barrel. Crude Oil was trading down with -0.69 finally are closed at $80.50.

The article gives information on Forex trading and position of various currency pairs at the end of the trading session so that trader can make their trading decisions for today by analyzing their respective Forex account.

Tags: Currency pairs, Forex, Forex Trading