Daily technical analysis for 16.10.2018

Hello. Below view on a few interesting points to trade in the Forex market on 16.10.2018


On the pair USDCHF started the correction after a strong growth. According to the statistics of transactions, sellers are well-typed and the strength to continue the growth should be. Expect to go to the area of 0.9800 levels-0,97500, and from there will look for deals for Price Action signals.


On NZDUSD a similar situation. The price has passed the level 0,6500 and formed the Takeover. The preponderance of buyers is already evident and is likely to contribute to the continuation of the down trend. Waiting for the hike to the trend line and from there the resumption of the fall.

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