Daily Forex Trading Signals - 18 October 2021

bantufx

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USDZAR

BUY = 14.6474

TARGET= 14.6619

SL= 14.6151


GBPUSD

1634558691628.png


Indicator
RSI
MA (5)
MA (20)
MA (50)
Bollinger
(U, M, L)
Stochastic
Reading
75.54​
1.3709​
1.366​
1.3613​
1.37678
1.36105
1.34532​
%K= 87.32
%D= 87.85​
Comment
Over
Bought
Zone​
Price above MA​
Price above MA​
Price above MA​
Price below UB
Price above MB
Price above LB​
Crossover to the parallel side​
Trend
Mild Bearish
Bullish
Bullish
Bullish
Bullish
Neutral
Special Notes
The market is expected to trade on positive side. The market is trading above all MA. The RSI states that market is in over bought zone and the stochastic suggests up trend.​

TRADE SUGGESTION- BUY AT 1.37225, TAKE PROFIT AT 1.37487 AND STOP LOSS AT 1.36882



EURUSD

1634558704976.png

Indicator
RSI
MA (5)
MA (20)
MA (50)
Bollinger
(U, M, L)
Stochastic
Reading
47.61
1.1589​
1.1595​
1.1709​
1.16867
1.15951
1.15036​
%K= 54.33
%D= 53.73​
Comment
Selling
Zone​
Price below MA​
Price below MA​
Price below
MA​
Price below UB
Price below MB
Price above LB​
Crossover to the parallel side​
Trend
Bearish
Bearish
Bearish
Bearish
Bearish
Neutral
Special Notes
The market is expected to trade on negative side. The market is trading below all MA. The RSI states that market is in selling zone and the stochastic suggests no trend.​

TRADE SUGGESTION- SELL AT 1.15769, TAKE PROFIT AT 1.15667 AND STOP LOSS AT 1.15956
 
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