Market News:

Oct 31 – Silver Open your eyes – Time to look at this counter.

XAG / USD (SILVER)

Trading in a tight range, time to look at it. Currently trading at 22.6

A sustain, preferably close above 23 open up a buy call in this counter which can very well target 24.5 followed by 27

Open your eyes – Time to look at this counter.

If you want to know my trade, then download my android application

Are you missing the trade? Join my Android Application – “Adil Speaks Forex Signal” from Play Store absolutely free.

Oct 31 – USD/JPY Watch 99.05

USD / JPY

The pair is currently trading around 98.5. Important resistant lies at 99.05

Simple approach here, break above and sustain above 99.05 buy. Unable to break and sustain then sell.

Oct 31 – AUD/USD wait for technical confirmation for new position.

AUD / USD

Last week when I commented on this pair I strongly recommended a sell on this pair from where the pair has gone below more than 130 pips.

I am still bearish on this pair but would avoid opening any new short position, will only trail the stop of the existing position looking for 0.9375.

New entrants looking to open a sell position AVOID. Will wait for technical confirmation for new position.

If you want to know my trade, then download my android application

Are you missing the trade? Join my Android Application – “Adil Speaks Forex Signal” from Play Store absolutely free.

Oct 31 – EUR/USD The pair will be supported by 1.3650

EUR / USD

At the time of writing the report the pair is trading at 1.3727

Pair is having minor support at 1.3690 and a good support at 1.3655 but take it as 1.3650

1.3785 stands a good resistance followed by 1.3820 and 1.3960

The pair is on a negative trend at the moment, but I would initiate a buy in this pair nearby 1.3700 as the technical suggest the pair will be supported by 1.3650 that will be standing as my stop.

Break of 1.3650 open a door for 1.3460

Are you missing the trade – join my Android Application – “Adil Speaks Forex Signal” from Play Store absolutely free.

Oct 28 – AUD/USD the support at 0.9556 remained intact.

Last week the pair started the week at 0.9560 and rose to a high of 0.9757 then reversed dropping below the 0.9600 and closed the week at 0.9582, the support at 0.9556 remained intact.

Australian CPI was stronger than expected, while in the US, employment and manufacturing data disappointed. However, the Aussie was unable to capitalize on these releases, and lost ground to the US dollar.

I am bearish on AUD/USD.

US releases did not impress this week, but the Australian dollar failed to move higher. There is room for AUD/USD to retract, and we could see the Aussie lose ground if US releases rebound this week.

If you want to know my trade, then download my android application

Are you missing the trade? Join my Android Application – “Adil Speaks Forex Signal” from Play Store absolutely free.

Scroll To Top