[email protected]
+44 7862 068336
Open Live Account Open Demo Account Client Login Partners Login Download MT4 Contact Us
cfm-footer-logo-whitecfm-footer-logo-whitecfm-footer-logo-whitecfm-footer-logo-white
  • About Us
    • CF Merchants
    • Why Choose Us
    • Registering Bodies
    • Security of Funds
    • Legal Documents
  • Trading
    • Products
      • Forex
      • Commodities
      • CFDs
      • INDICES
      • Cryptocurrencies
    • Platform
      • META TRADER 4
    • Pricing
      • Product Knowledge
      • Trading Hours
      • Execution Policy
      • Expiration of CFD’s
  • Accounts
    • Accounts Comparison
    • Islamic Accounts
    • Deposit & Withdrawals
  • Research & Education
    • CFM Academy
      • What is Forex?
      • E-Book
      • Forex Glossary
    • News
      • Forex News
      • Crypto News
      • Education News
    • Market
      • Economic Calendar
      • Market Analysis
  • Promotions
    • 50% Deposit Bonus
  • Partnership
  • Contact Us
✕
  • Home
  • Company News
  • Daily Market Analysis
Daily Market Analysis
September 30, 2020
Daily Market Analysis
October 2, 2020
Published by CF Merchants on October 1, 2020
Categories
  • Company News
  • Market Analysis
Tags

EURUSD

Euro has taken the day support rather taking the day pivot into consideration yesterday and is now trading on resistance levels, today pivot for the day is 1.1720 , market if carries the bullish momentum can go to 1.1781 which is our monthly pivot and as we are approaching the job report next targets will be 1.1865 , euro took a sharp turnaround from the base it developed few days ago which we discussed in 4 hour time frame analysis and in strong momentum since 3 days.

GBPUSD

Pound left its support area in a one go situation and posted a high which it posted two days earlier , it was a response to the weekly pivot which is 1.2795 .yesterday high and area up to 1.2970 is the resistance area for today with the today daily pivot as 1.2889.failure to break the resistance may lead the prices come down again in area around 1.2860.as today we have the 1st day of the month and tomorrow we have the job report market may give quicker than normal movements as it gave yesterday.

USDJPY

Yen has honored our given resistance of 105.80 yesterday and came down around 40 pips market is flirting with 105.50 level which was in our discussion since 4 to 5 days as a key area but now we feel that momentum is building as we see the major MACD is creating a divergence it will be confirmed once market break yesterday low, today pivot for the day is 105.50, below we have major support around 104.95 and it will act as our sell targets as well

AUDUSD

Aussie has taken the buying streak since 3 days as it got rejection from the four hour time frame , we are currently trading on 0.7190 which is the same price for our monthly pivot of the current freshly started month and 0.7210 is the ultimate resistance to watch while trading it. we have the day pivot for today as 0.7144 any 2 to 3 hour of consolidation below the resistance areas and price action for sell side in smaller time frames can lead to weaker prices , sell side next targets can be around 0.7120

USDCAD

USDCAD has done exactly the same we predicted yesterday and gave a sharp trigger to the sell wave by absorbing the parabolic in one hour time frame analysis; it extended the yesterday low and reaching to our given levels of 1.3280. Today we have day pivot as 1.3345, we are below the week and day pivot and market situation is showing a little bit of stay in this price zone any corrective wave can lead the prices to go to 1.3345 today closing and overall scenario will be explained in tomorrow post

XAUUSD

gold has generated the up wave as predicted yesterday and used its first prompt support , it generated a pin bar in 1 hour time frame by absorbing the parabolic , we saw that the MACD was positive since yesterday pre-noon time so it was quiet obvious that it will give a buying wave now right now market has made a corrective wave for today , where as day pivot is on 1870 and market is holding its week pivot of 1888.next upper targets are around 1908.

WTI

A day before yesterday market tool 40.80 as a resistance level and formed a sharp sell to the area 38.70 whereas yesterday it took a sharp pull back to come into again in the 40.00 zone although the repetition of the same sell is possible as we are facing a lower high situation, today we have the day pivot as 39.72 whereas down targets are 38.33 and 37.80.breakage of day pivot will make the opinion strong for sell side down ward targets are foreseen in 4 hour time frames.

NASDAQ100

Nasdaq took a sharp buying wave yesterday which was almost confirmed as we had the chart setup in 1 hour time frame with the MACD two parameter setup market has a resistance of 11570 but at the same time corrective wave of the few days back fall has been done and 11100 is in sight of the sell wave formations, today we have the day pivot as 11361, market is expected to adjust itself for the job report coming tomorrow. Don’t ignore the 1 hour price in reference to 16 EMA.

Share
2
CF Merchants
CF Merchants

Related posts

May 7, 2021

Dollar under pressure as U.S. payrolls data could spur more risk-taking


Read more
May 6, 2021

Dollar holds near two-week high, U.S. jobs data eyed for Fed clues


Read more
May 5, 2021

Asia Shares Subdued By Tech Retreat, U.s. Futures Steady


Read more

Leave a Reply Cancel reply

You must be logged in to post a comment.

[email protected]
[email protected]
+44 7862 068336

    Legal: CF Merchants is the trading name of Commodity and Forex Merchants registered and regulated in many Jurisdictions. CF Merchants Limited is regulated with license number 24535/2018, at Suite 305, Griffith Corporate Center, P. O. Box 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines as an International Broker Company under the company act of Saint Vincent & the Grenadines. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendments and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well to provide brokerage, training and managed account services in currencies, commodities, indexes and leveraged financial instruments.
    Commodity and Forex Merchants Limited is authorized under license number 1092420 by the Companies House, Cardiff, United Kingdom on 21st August 2017.

    High Risk Investment Warning: Margin FX are leveraged products that carry an extraordinary level of risk to your funds. Trading is not suitable for everyone and may result in you losing significantly more than your investments and therefore, you should not speculate with capital that you cannot afford to lose. You should consider whether you understand how this work and whether you can afford to take the high risk of losing your money. All the trading related information on this website is general in nature and does not take into account your or your client’s personal intentions, financial conditions and needs. We encourage you to seek independent advice if necessary. It is the responsibility of the client to ascertain whether he/she is allowed to use the services of the CF Merchants based on the legal requirements in his/her country of residence. Please read full Risk Disclaimer for more details.

    Regional Restrictions: CF Merchants (SV) Ltd does not provide services and accept applications from the residents of certain countries, such as United States of America, Canada, Israel, North Korea and Saint Vincent & The Grenadines. The statistics on this website is not directed at residents in any country or jurisdiction where such distribution or use would be contradictory to local law or regulation.

    © 2011-2020 CF Merchants Ltd.

    • Terms & Conditions
    • Privacy Policy
    • Fraud Warning
    • Risk Disclosure
    • AML Policy
    • Client Agreement
    • IB Agreement
    • Power of Attorney