← Back

Currencies Trading Ideas: US dollar holds ahead of Central banks action

25 Oct,2022
Currencies Trading Ideas: US dollar holds ahead of Central banks action

EURUSD retrace from 0.9900 

Trading Idea: Ranging

Entry point Stop loss Take Profit 1 Take Profit 2
0.9870 0.9920 0.9810 0.9739

Comment: Trading within a bearish technical pattern favors the fall. However, RSI and MACD are flat which suggests range trading

Order Type: Sell STOP

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618
 


GBPUSD holds above 1.1300 ahead of UK politics

Trading Idea: Ranging 

Entry point Stop loss Take Profit 1 Take Profit 2
1.1320 1.1420 1.1220 1.1058

Comment: Trading below the pivot point and resistance line favors the fall. However technical indicators are flat which indicate range trading.,

Order Type: Sell Limit

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618


USDJPY stable after intervention

Trading Idea: Ranging

Entry point Stop loss Take Profit 1 Take Profit 2
149.60 148.60 150.60 152.20

Comment: Trading near the pivot point and between moving averages favors the rise. RSI and MACD are flat which indicate range trading

Order Type: Buy STOP

Risk-reward ratio (SL to TP 1):  1:1

Risk-reward ratio (SL to TP2):   1:2.618
 


Want more? Register for free


HIGH RISK INVESTMENT WARNING: Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Please read the full Risk Disclosure Policy. 

Register now to receive daily update about market:

ATFX is a world-leading CFD broker in online trading into global markets. ATFX offers over 500 CFD instruments for global investors to trade. By putting the safety of all our global investors’ funds as a top priority and providing an efficient, safe experience of deposits and withdrawals ...

Learn More

v