Forex Daily Forecast – 20 Sep 2019

EURUSD INTRADAY : Probable Upside

EURUSD-technical-indicators-20.09.19

Preferred Trade:
Buy Above 1.1079
Expected Target 1.1120

Alternate Scenario:
Sell Below 1.1039
Expected Target 1.0998

Events:

German PPI (MoM) (Aug) release on 11:30 GMT by European Union

GBPUSD INTRADAY : Probable Upside

GBPUSD-trendline-chart-20.09.19

Preferred Trade:
Buy Above 1.2573
Expected Target 1.2614

Alternate Scenario:
Sell Below 1.2533
Expected Target 1.2492

Events:

Public Sector Net Borrowing (Aug) release on 14:00 GMT by U.K.

AUDUSD INTRADAY : Probable Upside

AUDUSD-market-watch-20.09.19

Preferred Trade:
Buy Above 0.6814
Expected Target 0.6855

Alternate Scenario:
Sell below 0.6774
Expected Target 0.6733

Events:

USDJPY INTRADAY : Probable Downside

USDJPY-chart-indicators-20.09.19

Preferred Trade:
Sell Below 107.65
Expected Target 107.24

Alternate Scenario:
Buy Above 108.05
Expected Target 108.46

Events:

National Core CPI (YoY) (Aug) release on 05:00 GMT by Japan

XAUUSD INTRADAY : Probable Upside

XAUUSD-technical-analysis-20.09.19

Preferred Trade:
Buy Above 1506.53
Expected Target 1510.54

Alternate Scenario:
Sell Below 1502.53
Expected Target 1498.52

Events:

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

XBRUSD INTRADAY : Probable Upside

XBRUSD-buy-sell-trend-20.09.19

Preferred Trade:
Buy Above 64.15
Expected Target 64.56

Alternate Scenario:
Sell Below 63.75
Expected Target 63.34

Events:

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