Forex Daily Forecast – 25 Sep 2019

EURUSD INTRADAY : Probable Upside

1. technical-indicators

Preferred Trade:
Buy Above 1.1021
Expected Target 1.1061

Alternate Scenario:
Sell Below 1.0981
Expected Target 1.0941

Events:

GfK German Consumer Climate (Oct) release on 11:30 GMT by European Union

Crude Oil Inventories release on 20:00 GMT by US

GBPUSD INTRADAY : Probable Upside

2. trendline-chart

Preferred Trade:
Buy Above 1.2482
Expected Target 1.2522

Alternate Scenario:
Sell Below 1.2442
Expected Target 1.2402

Events:

Gross Mortgage Approvals release on 14:00 GMT by European Union

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

AUDUSD INTRADAY : Probable Downside

3. market-watch

Preferred Trade:
Sell Below 0.6762
Expected Target 0.6722

Alternate Scenario:
Buy Above 0.6802
Expected Target 0.6842

Events:

USDJPY INTRADAY : Probable Downside

4. chart-indicators

Preferred Trade:
Sell Below 107.13
Expected Target 106.73

Alternate Scenario:
Buy Above 107.53
Expected Target 107.93

Events:

BoJ Board Member Masai Speaks release on 07:00 GMT by Japan

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

XAUUSD INTRADAY : Probable Upside

5. technical-analysis

Preferred Trade:
Buy Above 1531.66
Expected Target 1535.66

Alternate Scenario:
Sell Below 1527.66
Expected Target 1523.66

Events:

Gasoline Production release on 20:00 GMT by US

XBRUSD INTRADAY : Probable Downside

6. buy-sell-trend

Preferred Trade:
Sell Below 61.57
Expected Target 61.17

Alternate Scenario:
Buy Above 61.97
Expected Target 62.37

Events:

EIA Weekly Distillates Stocks release on 20:00 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.