Main trading ideas on financial markets for 09.10.2018

USDCHF

Almost all major pairs show short-range dynamic last week. Especially the US dollar against Swiss Franc. The pair is moving above 0.99 level for last 4 days and shows doji on the daily chart. It happens after fast uptrend since 21th September, when morning star formation was determined.

The US dollar Swiss Franc pair is in a limbo now. We see bullish signal from the technical picture regarding Cayman indicator, which shows only 23% of buyers. In the other hand MACD histogram is in overbought zone. It looks like the pair is going to 0.9970-1.0 levels. In a short-term period, we recommend to buy from current levels or sell if the pair breaks 0.9880 support level from 0.9850.

WTI.OIL

WTI crude oil grew on Monday after 2days bearish dynamic at the end of the last week. Thursday falling happened after the price has reached new since 2014 at $76.90 and didn’t move to $77 psychological level. Traders hurried to close long positions, which negatively affected the price. Tomorrow we expect API weekly crude oil publication at 23:30 EET.

In this case, there is still bullish potential on the daily chart, that is why we recommend to open a long position and close it before tomorrow’s oil data be published. There is still chance to test $77th resistance on the daily chart regarding the technical picture.

Our targets for
USDCHF – is buying from current levels to 0.9970 level,
WTI.OIL – is buying to $77 resistance level.