Forex Daily Forecast – 23 Sep 2019

EURUSD INTRADAY : Probable Upside

1. technical-indicators

Preferred Trade:
Buy Above 1.1041
Expected Target 1.1081

Alternate Scenario:
Sell Below 1.1001
Expected Target 1.0961

Events:

German Manufacturing PMI (Sep) release on 13:00 GMT by European Union

Services PMI (Sep) release on 19:15 GMT by US

GBPUSD INTRADAY : Probable Upside

2. trendline-chart

Preferred Trade:
Buy Above 1.2504
Expected Target 1.2544

Alternate Scenario:
Sell Below 1.2464
Expected Target 1.2424

Events:

CBI Industrial Trends Orders (Sep) release on 15:30 GMT by U.K.

Markit Composite PMI (Sep) release on 19:15 GMT by US

AUDUSD INTRADAY : Probable Downside

3. market-watch

Preferred Trade:
Sell Below 0.6757
Expected Target 0.6717

Alternate Scenario:
Buy Above 0.6797
Expected Target 0.6837

Events:

Services PMI release on 04:30 GMT by Australia

Manufacturing PMI (Sep) release on 19:15 GMT by US

USDJPY INTRADAY : Probable Downside

4. chart-indicators

Preferred Trade:
Sell Below 107.52
Expected Target 107.12

Alternate Scenario:
Buy Above 107.92
Expected Target 108.32

Events:

Investing.com USD/JPY Index release on 09:05 GMT by Japan

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

XAUUSD INTRADAY : Probable Upside

5. technical-analysis

Preferred Trade:
Buy Above 1517.53
Expected Target 1521.53

Alternate Scenario:
Sell Below 1513.53
Expected Target 1509.53

Events:

Chicago Fed National Activity (Aug) release on 18:00 GMT by US

XBRUSD INTRADAY : Probable Downside

6. buy-sell-trend

Preferred Trade:
Sell Below 66.84
Expected Target 66.44

Alternate Scenario:
Buy Above 67.24
Expected Target 67.64

Events:

3-Month Bill Auction release on 21:00 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.