Automated Charting - Forex 10/17/2019 Technical Analysis

[SteveF]

The USDJPY daily chart has broken out up. Holding here will see 109.31 next. Above is the longer term trendline above mid 110s... below is detailed 4 hour chart of breakout in progress

 

[SteveF]

USDCAD at critical low - Price action will tell if we are going lower or bouncing up from here....

 

[SteveF]

GBPUSD has broken out up. looking for 1.2782 and 1.2836 (yearly fibonacci) to hold

 

[SymphonyTrading]

nice analysis

 

[SteveF]

nice analysis

Thank you. These are new indicators for MT4 I am coding. Not 100% done but getting there.

 

[SteveF]

USDCHF has broken another trendline with momentum today. Support at 9843. See details below on H4 chart

 

[SymphonyTrading]

Thank you. These are new indicators for MT4 I am coding. Not 100% done but getting there.

how about mt5 ? Actually, personally I enjoy manual analysis and trading but, I was just curious...

 

[SteveF]

Hi - I haven't coded for MT5 as my broker uses MT4. I also trade manually, but I coded this because it uses same criteria I use manually for support and resistance. These are indicators, not EAs, so they do not trade automatically

 

[SteveF]

The NZDUSD is retracing up to a major resistance area. I'm waiting for a price action pattern up at the yellow box for a short trade. I feel it's a decent shot as the monthly and weekly time frames are down.

 

[SteveF]

AUDUSD similiar to NZDUSD above. I'll be lurking in the area highlighted as resistance looking A sell here if price action says so....

 

[SteveF]

USDCAD at a nice place to look for price action setup