Monthly reviews

The question to use or not technical indicators for trade analysis and the way it is useful is as old as financial markets. 

USDJPY

Analysis method - “Trend Potential” November 1, 2018

Cryptocurrencies

Analysis method - “Trend Potential” November 1, 2018

GBPUSD

Analysis method - “Gann Swings + Price Action” November 1, 2018

EURUSD

Analysis method - “Gann Swings + Price Action” November 1, 2018

USDJPY

The major shows moderate bullish pressure in direction of upper Bollinger band (115.26), where the resistance resides, that saves from probable rally in direction 118.62 and 123.05. Thus, after touch of the 115.26 level, we can expect downward correction.

Cryptocurrencies

Tendency for trading in the side corridor 5843.30-7740.30 preserves.

GBPUSD

A very sluggish development of upswing is in progress, that is determined by the absence of market’s direct buy signals. 

EURUSD

After August’s false downward break of the inside bar, bears responded in September by false break to the upside. 

USDJPY

Tendency for contraction of Bollinger bands in context of weak ADX preserves. The range of long-term trading is limited by 106.46-115.73 borders