Forex Daily Forecast – 28 Aug 2019

EURUSD INTRADAY : Probable Downside

EURUSD-technical-indicators-28.08.19

Preferred Trade:
Sell Below 1.1065
Expected Target 1.1024

Alternate Scenario:
Buy Above 1.1105
Expected Target 1.1146

Events:

GfK German Consumer Climate (Sep) release on 11:00 GMT by European Union

Crude Oil Inventories release on 20:00 GMT by US

GBPUSD INTRADAY : Probable Downside

GBPUSD-trendline-chart-28.08.19

Preferred Trade:
Sell Below 1.2256
Expected Target 1.2215

Alternate Scenario:
Buy Above 1.2296
Expected Target 1.2337

Events:

BRC Shop Price Index (YoY) release on 04:30 GMT by U.K.

Cushing Crude Oil Inventories release on 20:00 GMT by US

AUDUSD INTRADAY : Probable Downside

AUDUSD-market-watch-28.08.19

Preferred Trade:
Sell Below 0.6719
Expected Target 0.6678

Alternate Scenario:
Buy Above 0.6759
Expected Target 0.6800

Events:

Construction Work Done (QoQ) (Q2) release on 07:00 GMT by Australia

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

USDJPY INTRADAY : Probable Upside

USDJPY-buy-sell-trend-28.08.19

Preferred Trade:
Buy Above 106.02
Expected Target 106.43

Alternate Scenario:
Sell Below 105.62
Expected Target 105.21

Events:

XAUUSD INTRADAY : Probable Downside

XAUUSD-daily-forecast-28.08.19

Preferred Trade:
Sell Below 1534.06
Expected Target 1530.05

Alternate Scenario:
Buy Above 1538.06
Expected Target 1542.07

Events:

FOMC Member Barkin Speaks release on 21:50 GMT by US

XBRUSD INTRADAY : Probable Upside

XBRUSD-technical-forecast-28.08.19

Preferred Trade:
Buy Above 59.62
Expected Target 60.03

Alternate Scenario:
Sell Below 59.22
Expected Target 58.81

Events:

Gasoline Inventories 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.