Forex Daily Forecast – 06 Sep 2019

EURUSD INTRADAY : Probable Upside

1. technical-indicators

Preferred Trade:
Buy Above 1.1054
Expected Target 1.1094

Alternate Scenario:
Sell Below 1.1014
Expected Target 1.0974

Events:

ECB’s De Guindos Speaks release on 14:45 GMT by European Union

Fed Chair Powell Speaks release on 22:00 GMT by US

GBPUSD INTRADAY : Probable Upside

2. trendline-chart

Preferred Trade:
Buy Above 1.2345
Expected Target 1.2385

Alternate Scenario:
Sell Below 1.2305
Expected Target 1.2265

Events:

Halifax House Price Index (MoM) (Aug) release on 13:00 GMT by U.K.

Unemployment Rate (Aug) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Upside

3. market-watch

Preferred Trade:
Buy Above 0.6841
Expected Target 0.6881

Alternate Scenario:
Sell Below 0.6801
Expected Target 0.6761

Events:

AIG Construction Index (Aug) release on 04:00 GMT by Australia

Nonfarm Payrolls (Aug) release on 18:00 GMT by US

USDJPY INTRADAY : Probable Downside

4. chart-indicators

Preferred Trade:
Sell Below 106.81
Expected Target 106.41

Alternate Scenario:
Buy Above 107.21
Expected Target 107.61

Events:

Household Spending (MoM) (Jul) release on 05:00 GMT by Japan

U.S. Baker Hughes Total Rig Count release on 22:30 GMT by US

XAUUSD INTRADAY : Probable Downside

5. technical-analysis

Preferred Trade:
Sell Below 1514.79
Expected Target 1510.79

Alternate Scenario:
Buy Above 1518.79
Expected Target 1522.79

Events:

U.S. Baker Hughes Oil Rig Count release on 22:30 GMT by US

XBRUSD INTRADAY : Probable Upside

6. buy-sell-trend

Preferred Trade:
Buy Above 61.03
Expected Target 61.43

Alternate Scenario:
Sell Below 60.63
Expected Target 60.23

Events:

Private Nonfarm Payrolls (Aug) release on 18:00 GMT by US

Disclaimer:
The Chart and Analysis presented above are only for information purpose and not to be considered as Forex Trading Instruction. BlueMax doesn’t bear any responsibility for any trading losses that might incur as a result of using this analysis/report.