Forex Daily Forecast – 30 Sep 2019

EURUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1.0916
Expected Target 1.0875

Alternate Scenario:
Buy Above 1.0956
Expected Target 1.0997


German Unemployment Change (Sep) release on 13:25 GMT by European Union

Chicago PMI (Sep) release on 19:15 GMT by US

GBPUSD INTRADAY : Probable Downside

WhatsApp Image 2019-09-30 at 10.31.38

Preferred Trade:
Sell Below 1.2273
Expected Target 1.2232

Alternate Scenario:
Buy Above 1.2313
Expected Target 1.2354


GDP (YoY) (Q2) release on 14:00 GMT by U.K.

6-Month Bill Auction release on 21:00 GMT by US

AUDUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 0.6737
Expected Target 0.6696

Alternate Scenario:
Buy Above 0.6777
Expected Target 0.6818


Private Sector Credit (MoM) (Aug) release on 07:00 GMT by Australia

3-Month Bill Auction release on 21:00 GMT by US

USDJPY INTRADAY : Probable Downside


Preferred Trade:
Sell Below 107.661
Expected Target 107.251

Alternate Scenario:
Buy Above 108.061
Expected Target 108.471


Industrial Production (MoM) (Aug) release on 05:20 GMT by Japan

Dallas Fed Mfg Business Index (Sep) release on 20:00 GMT by US

XAUUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 1491.48
Expected Target 1487.47

Alternate Scenario:
Buy Above 1495.48
Expected Target 1499.49

Events: S&P 500 Index release on 04:48 GMT by US

XBRUSD INTRADAY : Probable Downside


Preferred Trade:
Sell Below 60.75
Expected Target 60.34

Alternate Scenario:
Buy Above 61.15
Expected Target 61.56

Events: Gold Index release on 09:48 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.