Forex Daily Forecast – 27 Sep 2019

EURUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1.0902
Expected Target 1.0861

Alternate Scenario:
Buy Above 1.0942
Expected Target 1.0983


Italian 10-Year BTP Auction release on 15:15 GMT by European Union

Core Durable Goods Orders (MoM) (Aug) release on 18:00 GMT by US

GBPUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1.2307
Expected Target 1.2266

Alternate Scenario:
Buy Above 1.2347
Expected Target 1.2388


BoE MPC Member Saunders Speaks release on 12:30 GMT by European Union

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

AUDUSD INTRADAY : Probable Upside


Preferred Trade:
Buy Above 0.6778
Expected Target 0.6819

Alternate Scenario:
Sell Below 0.6738
Expected Target 0.6697


USDJPY INTRADAY : Probable Downside


Preferred Trade:
Sell Below 107.48
Expected Target 107.07

Alternate Scenario:
Buy Above 107.88
Expected Target 108.29


CPI Tokyo Ex Food and Energy (MoM) (Sep) release on 05:00 GMT by Japan

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

XAUUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1504.42
Expected Target 1500.41

Alternate Scenario:
Buy Above 1508.42
Expected Target 1512.43


FOMC Member Harker Speaks release on 21:30 GMT by US

XBRUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 61.00
Expected Target 60.59

Alternate Scenario:
Buy Above 61.40
Expected Target 61.81


Michigan Consumer Sentiment (Sep) release on 19:30 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.