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EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0935. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.098. TP4: R2=1.1005. Set the stoploss of these orders at breakout of S2=1.0915. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.0915. In this situation, there is an expectation to reach the target S3=1.084. Set the stoploss of reverse orders at breakout of S1=1.0935. 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
GBPUSD bearish pattern formingThe British pound has recovered towards the 1.2300 level against the US dollar after traders bought the pair from the 1.2200 level over positive Brexit headlines. The recent decline has helped the GBPUSD pair create an extremely large head and shoulders pattern across the lower time frames. Overall, the latest bounce higher has the potential to form a right-hand shoulder to complete the pattern, with the initial short-term bullish target likely to be around the 1.2370 area. • The GBPUSD pair is bearish while trading below the 1.2300 level, key support is found at the 1.2200 and 1.2210 levels. • If the GBPUSD pair trades above the 1.2300 level, key resistance is found at the 1.2350 and 1.2375 levels.
by OctaFX_Official
EURUSD 1.1000 possibleThe euro is moving higher against the US dollar after the US ISM manufacturing survey unexpectedly fell to a ten-year low on Tuesday. The EURUSD is only short-term bullish while trading above the 1.1000 level, leaving the pair with a major upside battle. Overall, a temporary bottom has now most likely been established around the 1.0880 level, making long positions more desirable. • The EURUSD pair is bearish while trading below the 1.1000 level, key support is found at the 1.0880 and 1.0850 levels. • The EURUSD pair is only bullish while trading above the 1.1000 level, key resistance is found at the 1.1025 and 1.1070 levels.
by OctaFX_Official
EURUSD 1.0850 supportThe euro currency is trading below the 1.0900 level against the greenback, as the US Dollar index advances to a new 2019 trading high. The current risk for the EURUSD pair is a drop towards the 1.0850 level, with extended support around the 1.0810 level. Overall, the EURUSD faces a day of high impacting economic data, which has the potential to positively or negatively impact the pair. • The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0850 and 1.0810 levels. • The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1070 and 1.1110 levels.
by OctaFX_Official
GBPUSD trade the edgesThe British pound is trading under the 1.2300 level against the US dollar as traders remain cautious ahead of key US and UK data releases this week. The four-hour time frame shows that the GBPUSD pair could bounce towards the 1.2375 technical area if a near-term recovery occurs. To the downside, a move below last weeks trading low could see a quick bearish drop towards the 1.2220 technical region. • The GBPUSD pair is bearish while trading below the 1.2360 level, key support is found at the 1.2250 and 1.2220 levels. • If the GBPUSD pair trades above the 1.2325 level, key resistance is found at the 1.2375 and 1.2410 levels.
by OctaFX_Official
GBPUSD high risk dayThe British pound has opened the new trading day below the 1.2300 level against the US dollar as United Kingdom political risks weigh on sterling. The immediate risk is a possible decline towards the 1.2250 level, while the current yearly low could come into focus if British PM Boris Johnson is ousted in UK Parliament. Only a sustained rally above the 1.2360 level will change the intraday sentiment towards the GBPUSD pair. The GBPUSD pair is bearish while trading below the 1.2360 level, key support is found at the 1.2250 and 1.2100 levels. If the GBPUSD pair trades above the 1.2360 level, key resistance is found at the 1.2410 and 1.2470 levels.
by OctaFX_Official
EURUSD rebound possibleThe euro currency remains extremely weak against the US dollar, although key upcoming risk events could provide some relief for the EURUSD pair. The US dollar index currently has a double-top pattern forming, while US political risks this week could be EURUSD supportive. Overall, weakness under the 1.0900 level could prompt more losses, however, traders must be careful in case a strong bounce occurs. The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0900 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1070 and 1.1110 levels.
by OctaFX_Official
GBPUSD 1.2300 bounceThe British pound has recovered from the 1.2300 level against the US dollar, with the move higher extending towards the 1.2365 level. With the short-term bearish target for the GBPUSD pair possibly hit, directional traders may be sidelined until next week. In the immediate term, if the 1.2300 level is broken the GBPUSD pair is likely to find strong support from the 1.2275 level. The GBPUSD pair is bearish while trading below the 1.2410 level, key support is found at the 1.2300 and 1.2275 levels. If the GBPUSD pair trades above the 1.2410 level, key resistance is found at the 1.2470 and 1.2510 levels.
by OctaFX_Official
EURUSD still a sellThe euro currency has moved to a new 2019 trading low against the US dollar after sellers forced a technical test of the 1.0900 support zone. The EURUSD has few fundamentals positives at the moments and the technical landscape is still very bearish while below the 1.1110 level. A continuation of EURUSD selling remains the most likely scenario, with the 1.0850 level the possible bearish target. The EURUSD pair is only bearish while trading below the 1.1025 level, key support is found at the 1.0900 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1025 level, key resistance is found at the 1.1050 and 1.1070 levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=107.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=108.05. TP4: R2=108.25. Set the stoploss of these orders at breakout of S2=107.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=107.45. In this situation, there is an expectation to reach the target S3=106.85. Set the stoploss of reverse orders at breakout of S1=107.6. 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 1.0925 keyThe euro is back under pressure against the greenback after traders force a bearish breakout below the current weekly trading low. The EURUSD pair now needs to move below the 1.0925 level to encourage technical towards the 1.0850 technical area. Traders could also buy the EURUSD pair from the current area if the 1.0925 level is not broken for a great risk-reward entry. The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0925 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1000 level, key resistance is found at the 1.1025 and 1.1050 levels.
by OctaFX_Official
USDJPY back to pivotThe US dollar continues to recover higher against the Japanese yen currency as the pair move back towards the pivotal 107.70 level. The rebound from the 106.90 level has been fairly rapid and suggests that the USDJPY pair could still probe above the 108.00 level over the medium-term. Overall, bulls have the upper hand as long as the USDJPY pair trades above the 107.70 level. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.00 level, key technical support remains at the 106.90 and 106.50 levels.
by OctaFX_Official
GBPUSD 1.2510 major resistanceThe British pound has staged a recovery against the US dollar after finding strong technical support from the 1.2410 level on Tuesday. Bulls still need to recover price above the 1.2510 resistance area to secure the GBPUSD pairs short-term prospects. Overall, downside risks still remain, with the 1.2300 level the likely bearish target if bulls fail to overcome the 1.2510 level. The GBPUSD pair is bearish while trading below the 1.2470 level, key support is found at the 1.2410 and 1.2385 levels. If the GBPUSD pair trades above the 1.2470 level, key resistance is found at the 1.2510 and 1.2580 levels.
by OctaFX_Official
EURUSD 1.1025 hard resistanceThe euro is attempting to recover above the 1.1000 level against the US dollar after sellers were unable to keep the pair below the 1.0980 level. EURUSD bulls now need to move price above the 1.1025 resistance level to encourage further buying towards the 1.1050 level. Failure to beach the 1.1025 level could see the EURUSD push back towards the current weekly low. The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0970 and 1.0925 levels. The EURUSD pair is only bullish while trading above the 1.0990 level, key resistance is found at the 1.1025 and 1.1050 levels.
by OctaFX_Official
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.631. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.636. TP4: R2=0.638. Set the stoploss of these orders at breakout of S2=0.63. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.63. In this situation, there is an expectation to reach the target S3=0.6235. Set the stoploss of reverse orders at breakout of S1=0.631. 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
GBPUSD bearish patternThe British pound remains under downside pressure against the US dollar on Tuesday, with a bearish reversal pattern forming across the lower time frames. Current short-term technical analysis shows that the GBPUSD pair could fall towards the 1.2310 region if the 1.2385 level is broken. A sustained move above the 1.2510 level should be taken as a bullish sign for the currency pair. The GBPUSD pair is bearish while trading below the 1.2510 level, key support is found at the 1.2385 and 1.2310 levels. If the GBPUSD pair trades above the 1.2510 level, key resistance is found at the 1.2580 and 1.2610 levels.
by OctaFX_Official
EURUSD momentum lackingThe euro remains under downside pressure against the US dollar, although selling momentum is currently lacking below the 1.0980 level. The technicals are still very bearish for EURUSD pair, with a downside target of 1.0850 possible while price trades under the 1.0980 level. Bulls need to move price above the 1.1050 level to change the short-term picture, although it appears unlikely without a strong fundamental catalyst. The EURUSD pair is bearish while trading below the 1.0980 level, key support is found at the 1.0925 and 1.0850 levels. The EURUSD pair is only bullish while trading above the 1.1050 level, key resistance is found at the 1.1170 and 1.1110 levels.
by OctaFX_Official
EURUSD rebound requiredThe euro currency is under mild downside pressure against the US dollar as the trading week begins after reversing towards the 1.1000 support level last Friday. Bulls need to hold the EURUSD pair above the 1.0980 level this week in order to encourage fresh technical buying towards the 1.1110 area. A loss of the 1.0980 area could see the EURUSD pair falling back towards its current monthly trading low. The EURUSD pair is bullish while trading above the 1.0980 level, key resistance is found at the 1.1070 and 1.1110 levels. The EURUSD pair is only bearish while trading below the 1.0980 level, key support is found at the 1.0950 and 1.0925 levels.
by OctaFX_Official
USDJPY trade troublesThe US dollar is coming under pressure against the US dollar after China canceled its upcoming trade talks with the US negotiators. The USDJPY pair is likely to remain under further technical selling pressure while trading below the 107.70 resistance level. Overall, the 107.10 level is the current short-term bearish target, with the 106.90 level the extended downside target. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 107.10 and 106.90 levels.
by OctaFX_Official
EURUSD 1.1110 testThe euro currency is continuing to push higher against the US dollar on Friday, with the pair eroding all of its post-FOMC losses. The EURUSD pair is still on track to test the 1.1110 resistance area, although the 1.1160 level remains the larger goal. Overall, unless the pair suffers from sustained weakness returns below 1.1000 level the gradual recovery in the pair should continue. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1110 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official
GBPUSD on targetThe British pound has recovered back above the 1.2500 level against the US dollar after briefly moving lower following the Bank of England rate decision. The short-term bullish tone towards the GBPUSD pair suggests a move towards the 1.2600 level is coming. Overall, sterling is likely to post another week of strong trading gains, further encouraging traders to buy any technical pullbacks. The GBPUSD pair is only bearish while trading below the 1.2425 level, key support remains at the 1.2385 and 1.2350 levels. If the GBPUSD pair holds above the 1.2425 level, key resistance is found at the 1.2570 and 1.2600 levels.
by OctaFX_Official
GBPUSD still a buyThe British pound is holding onto recent gains against the greenback as traders await the Bank of England monetary policy decision later today. Further bullish advancement above the 1.2530 level should provoke a test of the 1.2600 level. A loss of the 1.2425 support region is likely to see the GBPUSD suffering a deeper pullback towards the 1.2385 level. The GBPUSD pair is only bearish while trading below the 1.2425 level, key support remains at the 1.2385 and 1.2350 levels. If the GBPUSD pair holds above the 1.2425 level, key resistance is found at the 1.2530 and 1.2600 levels.
by OctaFX_Official
EURUSD holds supportThe euro has moved lower against the US dollar despite the US Federal Reserve cutting interest rates as widely expected on Wednesday. The EURUSD pair has a short-term bullish target of 1.1160, although the 1.1300 level is the medium-term bullish target. The 1.1025 level is a key technical area that EURUSD bulls may look to buy the pair now that a pullback in price has taken place. The EURUSD pair is bullish while trading above the 1.1050 level, key resistance is found at the 1.1110 and 1.1160 levels. The EURUSD pair is only bearish while trading below the 1.1050 level, key support is found at the 1.1025 and 1.0980 levels.
by OctaFX_Official