Oct 3, 2022
VOT Research Desk
Key Insights and Analysis
Morning Brief Review
New long-term lows on indices mark the beginning of the new trading week and the first day of trading in October.
The EURUSD pair continues to trade within the long-term channel down formation.
On the 144.9, USDJPY tries to break through a significant amount of mid-term horizontal resistance.
EURAUD reaches the key long-term horizontal resistance at 1.53, signaling a bearish opportunity.
The CADJPY currency pair continues to trade within the rectangle pattern just above the primary, long-term up-trend line.
Gold remains bearish, trading below the crucial resistance of 1680 USD/oz.
Oil gains a little bit as a result of the encouraging news from OPEC+.
The FTSE is trading on the edge near the 6800 support.
The DAX is close to a significant trading signal. Either buy when the upper line of the channel down pattern breaks, or sell when the 11880 support breaks.
Dow Jones is aiming for the lower line of a large falling wedge pattern, which is in negative territory.
