Forex Daily Forecast – 16 Sep 2019

EURUSD INTRADAY : Probable Downside

EURUSD-technical-indicators-16.09.19

Preferred Trade:
Sell Below 1.1050
Expected Target 1.1009

Alternate Scenario:
Buy Above 1.1090
Expected Target 1.1131

Events:

ECB’s Coeure Speaks release on 12:15 GMT by European Union

6-Month Bill Auction release on 21:00 GMT by US

GBPUSD INTRADAY : Probable Downside

GBPUSD-trendline-chart-16.09.19

Preferred Trade:
Sell Below 1.2447
Expected Target 1.2406

Alternate Scenario:
Buy Above 1.2487
Expected Target 1.2528

Events:

Rightmove House Price Index (MoM) release on 04:30 GMT by U.K.

3-Month Bill Auction release on 21:00 GMT by US

AUDUSD INTRADAY : Probable Downside

AUDUSD-market-watch-16.09.19

Preferred Trade:
Sell Below 0.6854
Expected Target 0.6813

Alternate Scenario:
Buy Above 0.6894
Expected Target 0.6935

Events:

Investing.com AUD/USD Index release on 09:35 GMT by Australia

USDJPY INTRADAY : Probable Downside

USDJPY-chart-indicators-16.09.19

Preferred Trade:
Sell Below 107.63
Expected Target 107.22

Alternate Scenario:
Buy Above 108.03
Expected Target 108.44

Events:

Investing.com USD/JPY Index release on 09:35 GMT by Japan

XAUUSD INTRADAY : Probable Downside

XAUUSD-technical-analysis-16.09.19

Preferred Trade:
Sell Below 1502.06
Expected Target 1498.05

Alternate Scenario:
Buy Above 1506.06
Expected Target 1510.07

Events:

NY Empire State Manufacturing Index (Sep) release on 18:00 GMT by US

XBRUSD INTRADAY : Probable Upside

XBRUSD-buy-sell-trend-16.09.19

Preferred Trade:
Buy Above 65.75
Expected Target 66.16

Alternate Scenario:
Sell Below 65.35
Expected Target 64.94

Events:

Investing.com Gold Index release on 09:37 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.