Market Brief / 10-11-2017 by lordoftruth

forex · @lordoftruth · Nov 10 '17

$8.81

Market Brief / 10-11-2017

<center>Thank You For Your Support and For
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<center>https://steemitimages.com/0x0/https://steemitimages.com/DQmRHLVtFSPEwpf5eQSeS9kqYbEXaJXGpbycuQMtxuwsDGr/market-brief.png</center>

USD reversed to the downside following report that a Senate tax plan would delay corporate tax cuts until 2019, one year later than the House of Representatives’ proposal.

EUR/USD pair recorded higher tops and higher bottoms since November 8, which confirmed a bullish outlook. The upward momentum is further reinforced by both rising 20- and 50-period moving averages. 

RSI lacks downward momentum. So, above 1.1615, expect a new challenge with targets at 1.1655 and 1.1690 in extension. Alternatively, below 1.1615 look for a return to 1.1580 and 1.1552 as targets.

On the data slate there’s UK Industrial Production; UK Manufacturing Production; UK Visible Trade Balance; UK Trade Balance; UK GDP Estimate; US U. of Michigan Sentiment; US Baker Hughes US Rig Count and US Monthly Budget Statement.

<center>![ooo.jpeg](https://steemitimages.com/DQmbLX6BgwBT55Z4uUFTDnzpENUX1ApmbZL5ZNPkXhtQUnv/ooo.jpeg)</center>

<center>My Personal Trading Plan</center>
<center>
SELL EUR/USD @ 1.1655 OR BETTER – STOP @ 1.1695 – TARGET @ 1.1555
SELL GBP/USD @ 1.3140 OR BETTER – STOP @ 1.3195 – TARGET @ 1.3050 
BUY USD/JPY @ 113.20 OR BETTER – STOP @ 112.80 – TARGET @ 113.90
SELL CL1217 @ 57.00 OR BETTER – STOP @ 57.40 – TARGET @ 56.10 
SELL AUD/USD @ 0.7685 OR BETTER – STOP @ 0.7715 – TARGET @ 0.7600 
SELL XAU @ 1288 OR BETTER – STOP @ 1295 – TARGET @ 1275
SELL XAG @ 17.20 OR BETTER – STOP @ 17.60 – TARGET @ 16.40 
</center>


<center>THE ABOVE BRIEF IS MY PERSONAL OPINION AND DOES NOT CONSTITUTE ANY PROMISES OR GUARANTEES OF PROFITS. TRADING IN CURRENCIES AND COMMODITIES ARE HIGH RISKS. YOU SHOULD NOT TAKE ANY MATERIAL POSTED AS RECOMMENDATION.
<center>

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<p><a href="https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market"><strong> What You Know About&nbsp;--> Fibonacci Retracement in Trending Market.</strong></a> &nbsp;&nbsp;</p>

![fibo.jpeg](https://steemitimages.com/DQmbZAM93WbNsW1pZzuQKkT5FSmpacUeH6XBQRYVyWdUUuG/fibo.jpeg)

<p><a href="https://steemit.com/steemit/@lordoftruth/get-started-fast-with-steemit-for-new-steemains"><strong>If You Are New Steemain Read &nbsp;--> Get Started Fast with Steemit.</strong></a> &nbsp;&nbsp;</p>

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<p><a href="https://steemit.com/bitcoin/@lordoftruth/forex-education-center-volume-i"><strong>If You are New in Forex &nbsp;--> Read Forex Education Center / Volume I.</strong></a> &nbsp;&nbsp;&nbsp;</p>

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<p><a href="https://steemit.com/politics/@lordoftruth/what-you-know-about-syrian-civil-war-last-part"><strong> What You Know About&nbsp;-->  Syrian Civil War.</strong></a> &nbsp;&nbsp;</p>

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👍 lordoftruth, redes, eco-alex, bobbylee, omdemian, janusface, likedeeler, livingfree, funkit, marius19, dumar022, forexbrokr, charles1, tritium, lemmybe, pentjosh, lazarescu.irinel, jackpot, alktoni, trueart, saiku, steveuk, shavishtha, rexusmo, minoservice, blazing, amine332, mital, stmit, kingsberry, dragonking, onegin, antone, donchate, theguruasia, opc, monash, goldcoin, benjamin.still, tulston, justinstime2, luisgob, zahidsun, dailyjoke

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@zahidsun · Nov 10 '17

Great plan

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@kingsberry · Nov 10 '17

$0.04

Thank you for update forex market brief @lordoftruth

👍 lordoftruth

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@goldcoin · Nov 10 '17

$0.04

Thanks for the update of forex market news.
Thanks @lordoftruth
Have a nice day

👍 lordoftruth

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@eco-alex · Nov 10 '17

$0.14

can i ask a 'potentially' dumb question.. If i have Euros, am i right in saying that now is a good time to sell for USD? I want to make sure I understand the trading plan properly.. 

great advice as always, thanks!

👍 lordoftruth

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@lordoftruth · Nov 10 '17

$0.45

Yes you are right..
Look for a return towards 1.1552 as target..
Thanks for support

👍 eco-alex, tipu

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@eco-alex · Nov 10 '17

lovely! thanks for the tip!

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@tipu · Nov 10 '17

$0.04

<table><tr><td>http://i.imgur.com/sAg9ypb.png</td><td><p><strong>Hi @lordoftruth! @eco-alex is sending you 1.0 SBD tip and @tipU upvote http://i.imgur.com/UwA0sjo.png !</strong></p><p><a href="https://steemit.com/steemit/@tipu/tipu-quick-guide" rel="noopener">@tipU - send tips by writing tip! in the comment, get share of the service profit :)</a></td></tr></table>

👍 tipu

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@eco-alex · Nov 10 '17

$1.05

haha. that was a complete accident! i didnt mean to tip you but i im happy i did!

👍 lordoftruth

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3 replies

@stmit · Nov 10 '17

$0.04

Great update for Forex trading .useful info
thanks for sharing
100% like and resteem

👍 lordoftruth

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@minoservice · Nov 10 '17

$0.04

Good update of forex trending.
((( Resteem Service)))

👍 lordoftruth

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@shavishtha · Nov 10 '17

$0.04

Great information Forex market trending.
Upvote Resteem

👍 lordoftruth

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@sarahs · Nov 10 '17

$0.05

Pretty interesting, Keep updating

👍 lordoftruth, sarahs

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@dragonking · Nov 10 '17

$0.04

You shared valuable update news to forex traders.
Great success.

👍 lordoftruth

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@funkit · Nov 10 '17

$0.09

You should start using the bitshares dex. Both for fx and crypto.

👍 lordoftruth

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@steveuk · Nov 10 '17

Top Blog, I usually select the Eur Usd trade, never lost yet, keep up the good work.

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@blazing · Nov 10 '17

Thanks for the updates:)

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