Forex Daily Forecast – 10 Sep 2019

EURUSD INTRADAY : Probable Downside

WhatsApp Image 2019-09-10 at 11.41.41

Preferred Trade:
Sell Below 1.1008
Expected Target 1.0968

Alternate Scenario:
Buy Above 1.1048
Expected Target 1.1088


Italian Industrial Production (YoY) (Jul) release on 13:30 GMT by European Union

JOLTs Job Openings (Jul) release on 19:30 GMT by US

GBPUSD INTRADAY : Probable Downside

2. trendline-chart

Preferred Trade:
Sell Below 1.2222
Expected Target 1.2182

Alternate Scenario:
Buy Above 1.2262
Expected Target 1.2302


Average Earnings Index +Bonus (Jul) release on 14:00 GMT by U.K.

3-Year Note Auction release on 22:30 GMT by US

AUDUSD INTRADAY : Probable Upside

3. market-watch

Preferred Trade:
Buy Above 0.6878
Expected Target 0.6918

Alternate Scenario:
Sell Below 0.6838
Expected Target 0.6798


NAB Business Confidence (Aug) release on 07:00 GMT by Australia

52-Week Bill Auction release on 21:00 GMT by US

USDJPY INTRADAY : Probable Downside

4. chart-indicators

Preferred Trade:
Sell Below 107.19
Expected Target 106.79

Alternate Scenario:
Buy Above 107.59
Expected Target 107.99


M3 Money Supply (Aug) release on 05:20 GMT by Japan

Redbook (MoM) release on 18:25 GMT by US

XAUUSD INTRADAY : Probable Downside

5. technical-analysis

Preferred Trade:
Sell Below 1487.88
Expected Target 1483.88

Alternate Scenario:
Buy Above 1491.88
Expected Target 1495.88


Redbook (YoY) release on 18:25 GMT by US

XBRUSD INTRADAY : Probable Upside

6. buy-sell-trend

Preferred Trade:
Buy Above 62.58
Expected Target 62.98

Alternate Scenario:
Sell Below 62.18
Expected Target 61.78


NFIB Small Business Optimism (Aug) release on 15:30 GMT by US

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.