Analysis October 18th

Here’s a few of the things we are looking at in the market.

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The EU summit is underway and there is great potential for market reaction. Could it affect the Forex market greatly at the close of this week? Maybe even lead into a gap for open markets Sunday?

Read Tony’s article about it here.

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  • casey

    Tas, yes I believe you are right we cold see something develop at that level.

  • Tas Reingold

    EU is at a gartley pattern completion. Look for a .618 retracement

  • steve garcia

    looking forward to your weekly chart analysis tomorrow. i’m still holding long’s on the Aud/Jpy rom 79.70 and 80.24. i might have to close the 80.24 if we break today’s lows. cheers.

  • Marcelo

    Hi Nathan, how you doing?
    If you look on euro/usd 4h chart right now, it looks like head and shoulder forming. Also, The pair touched the upper wall of one channel (downard movement channel) on the monthly chart, and then started to get down. I dont know if it will break up it to long, maybe it does, but have to retrace to try again, or it will have no strenght.
    I took your advice in CHF/USD yesterday before, and still in profit on this one. Thanks a lot 🙂
    Great video. I love this site.