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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 4: 4650.60 1.236 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 1: 4600.00 Round number resistance
  • RES 3: 4591.25 1.00 proj of Jul 19 - Aug 16 - Aug 19 price swing
  • RES 1: 4543.25 High Oct 21
  • PRICE: 4535.50 @ 07:02 BST Oct 22
  • SUP 1: 4472.00 High Sep 27 and a recent breakout level
  • SUP 2: 4398.57 50-day EMA
  • SUP 3: 4317.25/4260.00 Low Oct 12 / Low Oct 1 and the bear trigger
  • SUP 4: 4243.50 Low Jul 20

S&P E-minis traded higher Thursday and registered a fresh all-time high for the contract of 4543.25. This confirms a resumption of the uptrend and paves the way for an extension of gains. The focus is on 4591.25, a Fibonacci projection. Trend signals such as MA studies remain in a bull mode and this reinforces current trend conditions. A key support is at 4317.25, Oct 12 low. The 50-day EMA at 4409.06 represents an initial firm support handle.