* Czech Aug Trade Surplus CZK 2.3 Bln, Consensus CZK 1 Bln

Related Posts

• Pound Reinforces As U.K. Wage Development Speeds Up To Near 10-year High
• Germany ZEW Economic Self-confidence Deteriorates In October
• Technical analysis of Gold for October 16, 2018 888011000 110888 Gold price made a higher high the other day more detailed to our target location of $1,240. Price has actually reached the equality target relative to the very first upper hand from August lows, but as long as we hold above $1,200 I will be expecting a move to higher highs. Red lines-trading range Green lines-long-lasting bearish channel Blue Fibonacci extension-Fibonacci targets Gold price continues to trade above the bearish long-lasting channel and the trading variety it was in for more than a month. Cost is making greater highs and greater lows confirming the short-term bullish trend it remains in. Short-term assistance is at$1,208 at the upper boundary of the trading range. Resistance is at $1,236 where we find the equality target relative to the very first leg greater. A pullback towards$1,214-10 is not out of the question once we reach our very first target area.The material has been offered by InstaForex Company-www.instaforex.com
• Technical analysis of EUR/USD for October 16, 2018 888011000 110888 EUR/USD remains in a short-term bullish pattern. Rate is now challenging short-term resistance at 1.16-1.1610. Breaking above it will open the way for a relocation towards 1.1670-1.1740. A rejection at existing levels will press prices back towards 1.15 at least. Blue lines-pitchfork Green line-RSI assistance EUR/USD has actually made an essential low at 1.1432 and is now attempting to make a complete scale turnaround to the advantage. I expect prices to move higher towards 1.17 but a break above 1.18 will make me raise my targets towards 1.19-1.20. In the short-term keep a close eye on the green RSI assistance trend line. As long as the RSI is above it we should continue greater. Breaking it will be a signal that a pull back is coming.Resistance at 1.1610 is key for the short-term. Breaking it will push rates towards 1.1660-1.1740 area. I continue to see pull backs as purchasing opportunities.The product has been supplied by InstaForex Company -www.instaforex.com