MDT's DAILY forex analysis and fx-market algorithm

EUR/JPY – Analysis provided via the FX-K10 Forex Trading Tool

The pair continues to see choppy trading, and will likely see choppy trade in the 118.00 to 119.47 range. A move above 119.47 will put us in Buy mode, targeting 120.27, 121.60, and 123.20. A move below 118.00 will put us in Sell mode, targeting 117.34, 115.74, and 114.41.

GBP/JPY – Analysis provided via the FX-K10 Forex Trading Tool

The pair has run into stiff resistance in the 136.79 area. We will look to sell weakness at that level, targeting 135.72, 134.91, 134.10, 131.97, and 130.70. A move above 136.79 will put us in Buy mode, targeting 137.85, 139.47, and 140.16.


FX-K10 Snapshot - fx-matrix.maddogtrading.com

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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 
MDT's Forex Forecast

EUR/USD – Analysis provided via the FX-K10 Forex Trading Tool

We will remain bearish below 1.2640, with a confirmation on break of 1.2509. We will target 1.2458, 1.2378, and 1.2276 on a break of 1.2509.

GBP/JPY – Analysis provided via the FX-K10 Forex Trading Tool

We will remain bearish below 140.62, with a confirmation on a break of 138.22. We will target 137.14, 135.83, and 133.67 on a break of 138.22.


FX-K10 Snapshot - fx-matrix.maddogtrading.com

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DISCLAIMER
Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.​
 
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