Forex Daily Forecast – 26 Sep 2019

EURUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1.0943
Expected Target 1.0902

Alternate Scenario:
Buy Above 1.0983
Expected Target 1.1024


ECB President Draghi Speaks release on 19:00 GMT by European Union

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

GBPUSD INTRADAY : Probable Downside

WhatsApp Image 2019-09-26 at 10.33.11

Preferred Trade:
Sell Below 1.2349
Expected Target 1.2308

Alternate Scenario:
Buy Above 1.2389
Expected Target 1.2430


BoE Gov Carney Speaks release on 19:15 GMT by U.K.

GDP (QoQ) (Q2) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Upside


Preferred Trade:
Buy Above 0.6782
Expected Target 0.6823

Alternate Scenario:
Sell Below 0.6742
Expected Target 0.6701


USDJPY INTRADAY : Probable Upside


Preferred Trade:
Buy Above 107.86
Expected Target 108.27

Alternate Scenario:
Sell Below 107.46
Expected Target 107.05


BoJ Governor Kuroda Speaks release on 12:05 GMT by Japan

FOMC Member Kashkari Speaks release on 23:30 GMT by US

XAUUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1507.07
Expected Target 1503.06

Alternate Scenario:
Buy Above 1511.07
Expected Target 1515.08


FOMC Member Clarida Speaks release on 23:15 GMT by US

XBRUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 61.35
Expected Target 60.94

Alternate Scenario:
Buy Above 61.75
Expected Target 62.16


FOMC Member Daly Speaks release on 21:15 GMT by US

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.