Forex Daily Forecast – 17 Sep 2019

EURUSD INTRADAY : Probable Upside

1. technical-indicators

Preferred Trade:
Buy Above 1.1031
Expected Target 1.1071

Alternate Scenario:
Sell Below 1.0991
Expected Target 1.0951


German ZEW Economic Sentiment (Sep) release on 14:30 GMT by European Union

Industrial Production (YoY) (Aug) release on 18:45 GMT by US

GBPUSD INTRADAY : Probable Downside

2. trendline-chart

Preferred Trade:
Sell Below 1.2394
Expected Target 1.2354

Alternate Scenario:
Buy Above 1.2434
Expected Target 1.2474


AUDUSD INTRADAY : Probable Downside

3. market-watch

Preferred Trade:
Sell Below 0.6817
Expected Target 0.6777

Alternate Scenario:
Buy Above 0.6857
Expected Target 0.6897


RBA Meeting Minutes release on 07:00 GMT by Australia

Industrial Production (MoM) (Aug) release on 18:45 GMT by US

USDJPY INTRADAY : Probable Upside

WhatsApp Image 2019-09-17 at 10.20.07

Preferred Trade:
Buy Above 108.39
Expected Target 108.79

Alternate Scenario:
Sell Below 107.99
Expected Target 107.59


XAUUSD INTRADAY : Probable Downside

5. technical-analysis

Preferred Trade:
Sell Below 1496.38
Expected Target 1492.38

Alternate Scenario:
Buy Above 1500.38
Expected Target 1504.38


NAHB Housing Market Index (Sep) release on 19:30 GMT by US

XBRUSD INTRADAY : Probable Upside

6. buy-sell-trend

Preferred Trade:
Buy Above 67.64
Expected Target 68.04

Alternate Scenario:
Sell Below 67.24
Expected Target 66.84


Manufacturing Production (MoM) (Aug) release on 18:45 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.