Forex Daily Forecast – 19 Sep 2019

EURUSD INTRADAY : Probable Upside

1. technical-indicators

Preferred Trade:
Buy Above 1.1055
Expected Target 1.1095

Alternate Scenario:
Sell Below 1.1015
Expected Target 1.0975

Events:

ECB’s Coeure Speaks release on 15:30 GMT by European Union

Existing Home Sales (Aug) release on 19:30 GMT by US

GBPUSD INTRADAY : Probable Upside

2. trendline-chart

Preferred Trade:
Buy Above 1.2492
Expected Target 1.2532

Alternate Scenario:
Sell Below 1.2452
Expected Target 1.2412

Events:

BoE Interest Rate Decision (Sep) release on 16:30 GMT by U.K.

Philadelphia Fed Manufacturing Index (Sep) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Downside

3. market-watch

Preferred Trade:
Sell Below 0.6768
Expected Target 0.6728

Alternate Scenario:
Buy Above 0.6808
Expected Target 0.6848

Events:

Employment Change (Aug) release on 07:00 GMT by Australia

Existing Home Sales (MoM) (Aug) release on 19:30 GMT by US

USDJPY INTRADAY : Probable Downside

4. chart-indicators

Preferred Trade:
Sell Below 107.67
Expected Target 107.27

Alternate Scenario:
Buy Above 108.07
Expected Target 108.47

Events:

BoJ Interest Rate Decision release on 08:30 GMT by Japan

Philly Fed Employment (Sep) release on 18:00 GMT by US

XAUUSD INTRADAY : Probable Upside

5. technical-analysis

Preferred Trade:
Buy Above 1496.49
Expected Target 1500.49

Alternate Scenario:
Sell Below 1492.49
Expected Target 1488.49

Events:

Initial Jobless Claims release on 18:00 GMT by US

XBRUSD INTRADAY : Probable Downside

6. buy-sell-trend

Preferred Trade:
Sell Below 62.82
Expected Target 62.42

Alternate Scenario:
Buy Above 63.22
Expected Target 63.62

Events:

Current Account (Q2) 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.