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GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.297. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.301. TP4: R2=1.3055. Set the stoploss of these orders at breakout of S2=1.295. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.295. In this situation, there is an expectation to reach the target S3=1.286. Set the stoploss of reverse orders at breakout of S1=1.297. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
EURUSD 1.1075 keyThe euro is rising against the US dollar, following comments from US President Donald Trump surrounding more interest rate cuts from the Federal Reserve and weak US data. The EURUSD pair needs to hold price above the 1.1045 level to encourage fresh technical buying interest. A daily price close above the 1.1075 resistance level should be considered bullish for the EURUSD pair this week. • The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1100 and 1.1130 levels. • The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.0980 and 1.0945 levels.
by OctaFX_Official
GBPUSD 1.3000 insightThe British pound is firming above the 1.2940 level against the US dollar as the greenback comes under a fresh round of selling pressure. A sustained break above the 1.2960 resistance level exposes a potential technical test of the psychological 1.3000 level. Once above the 1.3000 level, the GBPUSD pair could quickly trade higher, with the 1.3200 resistance level the medium-term objective. • The GBPUSD pair is bullish while trading above the 1.2900 level, key resistance is found at the 1.2960 and 1.3000 levels. • If the GBPUSD pair trades below the 1.2900 level, key support is found at the 1.2880 and 1.2850 levels.
by OctaFX_Official
AUDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6835. TP4: R2=0.6855. Set the stoploss of these orders at breakout of S2=0.679. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.679. In this situation, there is an expectation to reach the target S3=0.6725. Set the stoploss of reverse orders at breakout of S1=0.68. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
Don't miss the great sell opportunity in USDCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9980). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCHF is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 0.9940 TP2= @ 0.9890 TP3= @ 0.9845 SL: Break Above R2
Short
by ForecastCity_EU
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.996. TP4: S2=0.994. Set the stoploss of these orders at breakout of R2=1.002. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.002. In this situation, there is an expectation to reach the target R3=1.0095. Set the stoploss of reverse orders at breakout of R1=1. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
EURUSD 1.0980 bounceThe euro is trading back above the 1.1000 level against the US dollar after the pair bounced fairly sharply from the 1.0980 level on Friday. A daily price above the 1.1070 level is now needed to confirm that a major technical bottom is in place for the EURUSD. Looking at the downside potential, a daily price close under the 1.0990 level should encourage bears to target the 1.0945 level. • The EURUSD pair is only bullish while trading above the 1.1020 level, key resistance is found at the 1.1045 and 1.1070 levels. • The EURUSD pair is only bearish while trading below the 1.1020 level, key support is found at the 1.0980 and 1.0945 levels.
by OctaFX_Official
GBPUSD further gains expectedThe British pound continues to firm above the 1.2900 level against the US dollar, following a bullish weekly and monthly price close. Technical analysis shows that GBPUSD buyers have the upper hand while price closes above the 1.2890 level on a daily basis. Risk-averse traders may await a move above the 1.3000 level in order to confirm a range break and a potential push towards the 1.3200 resistance level. • The GBPUSD pair is bullish while trading above the 1.2890 level, key resistance is found at the 1.2960 and 1.3000 levels. • If the GBPUSD pair trades below the 1.2890 level, key support is found at the 1.2850 and 1.2820 levels.
by OctaFX_Official
EURUSD unable to rallyThe euro has once again been rejected from the 1.1020 resistance level against the US dollar, as short-term buyers fail to take back control of the pair. A bullish double-bottom is still in place, although the EURUSD pair could break the November if weakness under the 1.1000 level persists. Going forward, a sustained breakout from the 1.0990 to 1.1020 trading range is now needed. • The EURUSD pair is only bullish while trading above the 1.1020 level, key resistance is found at the 1.1045 and 1.1070 levels. • The EURUSD pair is only bearish while trading below the 1.1020 level, key support is found at the 1.0990 and 1.0945 levels.
by OctaFX_Official
USDJPY 110.00 possibleThe US dollar continues to target towards 110.00 level against the Japanese yen as the greenback remains well-supported across the board. The recent high around the 109.60 level provided a signal that the USDJPY intends to push higher over the shor-term. The 110.90 level could be the overall upside objective for medium-term bulls if the 110.00 resistance level is overcome. • The USDJPY pair is only bullish while trading above the 109.30 level, key resistance is found at the 109.60 and 110.0 levels. • The USDJPY pair is only bearish while trading below the 109.30 level, key technical support is found at the 109.15 and 109.00 levels.
by OctaFX_Official
GBPUSD 1.2900 still keyThe British pound has staged a strong rebound from the 1.2830 level against the US dollar after selles failed to break under the current weekly trading low. Going forward, a series of bullish price close is needed above the 1.2900 level is needed to encourage medium-term buying. A new high above the important 1.2960 level would also be extremely bullish for the GBPUSD pair. • The GBPUSD pair is bullish while trading above the 1.2900 level, key resistance is found at the 1.2960 and 1.3100 levels. • If the GBPUSD pair trades below the 1.2900 level, key support is found at the 1.2880 and 1.2830 levels.
by OctaFX_Official
EURUSD still at riskThe euro currency remains at risk of further losses against the US dollar, with the pair continuing to make bearish daily lower price lows. Going forward, a sustained loss of the 1.0990 support level would be extremely bearish for the EURUSD pair this week. At present, a daily price close above the 1.1070 level is needed to confirm that a new short-term bullish trend will begin. • The EURUSD pair is only bullish while trading above the 1.1045 level, key resistance is found at the 1.1070 and 1.1100 levels. • The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.0990 and 1.0945 levels.
by OctaFX_Official
GBPUSD testing supportThe British pound is testing key support around the 1.2840 support level against the US dollar, following bearish news surrounding the upcoming UK election. Sellers need to break the 1.2820 level or the GBPUSD pair will most likely start to rally back towards the 1.2900 level. Overall, daily price closes above the 1.2940 level should be considered a strong sign that bulls intend to test the 1.3100 level. • The GBPUSD pair is bullish while trading above the 1.2940 level, key resistance is found at the 1.3000 and 1.3100 levels. • If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2880 and 1.2820 levels.
by OctaFX_Official
USDJPY trendline watchThe US dollar has moved back towards key trendline resistance against the Japanese yen currency, although price has so far rejected the upside attack. The USDJPY pair is still vulnerable to further downside while trading below the October monthly price high. Overall, Sino-US trade news is dictating the moves in the USDJPY pair, the short-term trend is now neutral. • The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.30 and 109.60 levels. • The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 108.20 and 107.90 levels.
by OctaFX_Official
GBPUSD on trackThe British pound is on the move against the US dollar, following a bullish reversal back above the 1.2900 resistance level. Going forward, GBPUSD short-term dip-buyers are expected to move in from the technically important 1.2880 support level. Overall, traders have few reasons to be bearish towards the GBPUSD pair over the medium-term while price trades above the 1.2840 level. • If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2880 and 1.2840 levels. • The GBPUSD pair is bullish while trading above the 1.2940 level, key resistance is found at the 1.3000 and 1.3100 levels.
by OctaFX_Official
EURUSD 1.1045 keyThe euro currency has moved away from the psychological 1.1000 level against the US dollar, placing the emphasis on the 1.1045 technical region. Going forward, a sustained move above the 1.1060 level would confirm that a second important technical bottom is now in place. The 1.1180 level remains the overall upside objective for the EURUSD pair over the medium-term horizon. • The EURUSD pair is only bullish while trading above the 1.1046 level, key resistance is found at the 1.1060 and 1.1100 levels. • The EURUSD pair is only bearish while trading below the 1.1045 level, key support is found at the 1.1020 and 1.1000 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.286. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.293. TP4: R2=1.297. Set the stoploss of these orders at breakout of S2=1.284. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.284. In this situation, there is an expectation to reach the target S3=1.275. Set the stoploss of reverse orders at breakout of S1=1.286. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
EURUSD awaiting reversalThe euro is under downside pressure against the US dollar on Monday, following an extended pullback towards the 1.1020 support level last Friday. EURUSD bulls need to quickly reverse the pair above the 1.1070 level in order to establish a bullish higher low. Overall, the US dollar index is now trading at a critical juncture and will decide the fate of the EURUSD pair this week. • The EURUSD pair is only bullish while trading above the 1.1070 level, key resistance is found at the 1.1100 and 1.1180 levels. • The EURUSD pair is only bearish while trading below the 1.1070 level, key support is found at the 1.1020 and 1.0980 levels.
by OctaFX_Official
GBPUSD tests extended supportThe British pound is attempting to recover from critical support against the US dollar, following an extended pullback towards the 1.2840 level. The GBPUSD pair has to rally from current trading levels to avoid a major technical test of the 1.2770 support. Overall, a daily price close above the 1.2940 level would confirm that the GBPUSD pair still intends to test towards the 1.3100 level. • If the GBPUSD pair trades below the 1.2940 level, key support is found at the 1.2840 and 1.2770 levels. • The GBPUSD pair is bullish while trading above the 1.2940 level, key resistance is found at the 1.3000 and 1.3100 levels.
by OctaFX_Official
EURUSD dip rewardThe euro currency has pulled back from just below the 1.1100 resistance level against the US dollar, creating another buying opportunity for EURUSD bulls. EURUSD dip-buyers may look to buy a technical pullback around the 1.1045 to 1.1030 technical region. Going forward, daily price closes above the 1.1070 level should be considered the next strong buying signal for the EURUSD pair. • The EURUSD pair is only bullish while trading above the 1.1070 level, key resistance is found at the 1.1100 and 1.1130 levels. • The EURUSD pair is only bearish while trading below the 1.1070 level, key support is found at the 1.1045 and 1.1020 levels.
by OctaFX_Official
USDJPY sell ralliesThe US dollar remains vulnerable to further losses against the Japanese yen currency as market sentiment towards Sino-US trade talks is fragile. The USDJPY pair is likely to suffer a strong decline once a confirmed breakout below the 107.90 level occurs. Going forward, selling any rallies towards the 109.00 resistance level appears to be the best short-term trading strategy. • The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.30 and 109.60 levels. • The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 107.90 and 107.50 levels.
by OctaFX_Official
USDJPY 107.50 possibleThe US dollar remains under pressure against the Japanese yen, following reports that the first phase of the Sino-US trade deal could be delayed until next year. The USDJPY pair is increasingly likely to test towards the 107.50 support level, with the 106.90 level extended weekly support. Going forward, USDJPY traders have few reasons to be bullish while price trades under the 109.00 level. • The USDJPY pair is only bullish while trading above the 109.00 level, key resistance is found at the 109.30 and 109.60 levels. • The USDJPY pair is only bearish while trading below the 109.00 level, key technical support is found at the 107.50 and 106.90 levels.
by OctaFX_Official