Forex Daily Forecast – 24 Sep 2019

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1011
Expected Target 1.1051

Alternate Scenario:
Sell Below 1.0971
Expected Target 1.0931

Events:

German Ifo Business Climate Index (Sep) release on 00:12 GMT by European Union

CB Consumer Confidence (Sep) release on 19:30 GMT by US

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.2464
Expected Target 1.2505

Alternate Scenario:
Sell Below 1.2424
Expected Target 1.2383

Events:

CBI Industrial Trends Orders (Sep) release on 15:30 GMT by UK

S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jul) release on 18:30 GMT by US

AUDUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 0.6757
Expected Target 0.6717

Alternate Scenario:
Buy Above 0.6797
Expected Target 0.6837

Events:

RBA Governor Lowe Speaks release on 15:25 GMT by Australia

ECB’s De Guindos Speaks release on 20:30 GMT by US

USDJPY INTRADAY : Probable Downside

Preferred Trade:
Sell Below 107.38
Expected Target 106.98

Alternate Scenario:
Buy Above 107.78
Expected Target 108.18

Events:

BoJ Governor Kuroda Speaks release on 11:05 GMT by Japan

FOMC Member Daly Speaks release on 00:00 GMT by US

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1523.24
Expected Target 1527.34

Alternate Scenario:
Sell Below 1519.34
Expected Target 1515.34

Events:

2-Year Note Auction release on 22:30 GMT by US

XBRUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 63.12
Expected Target 62.72

Alternate Scenario:
Buy Above 63.52
Expected Target 63.92

Events:

Richmond Manufacturing Shipments (Sep) release on 19:30 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.