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GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.214. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.223. TP4: R2=1.227. Set the stoploss of these orders at breakout of S2=1.211. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.211. In this situation, there is an expectation to reach the target S3=1.201. Set the stoploss of reverse orders at breakout of S1=1.214. 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 1.0990 upcoming resistanceThe euro currency has made a marginal recovery against the US dollar, following much weaker-than-expected ISM manufacturing data from the US economy. The overall trend still remains bearish for the EURUSD pair, with the 1.0900 level near-term support. Bulls need to move price above the 1.0990 level to encourage a technical test of the 1.1026 resistance level. If the EURUSD pair trades above the 1.0960 level, bulls may test back towards the 1.0990 and 1.1026 levels. The EURUSD pair remains bearish while trading below the 1.0960 level, key support is found at the 1.0900 and 1.0860 levels.
by OctaFX_Official
GBPUSD extremely volatileThe British pound has recovered above the 1.2000 level against the US dollar after bouncing sharply from the 1.1960 support level. United Kingdom politics is generating extreme volatility in the GBPUSD pair, causing price to whipsaw on the latest Brexit headline. Bulls need to keep price above the 1.2020 level to encourage the notion that a medium-term price floor may now be in place. The GBPUSD pair is heavily bearish while trading below the 1.2020 level, key support is found at the 1.1980 and 1.1960 levels. If the GBPUSD pair trades above the 1.2020 level, key resistance is found at the 1.2110 and 1.2155 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2035. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2135. TP4: R2=1.217. Set the stoploss of these orders at breakout of S2=1.196. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.196. In this situation, there is an expectation to reach the target S3=1.1815. Set the stoploss of reverse orders at breakout of S1=1.2035. 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 awaiting PMI dataThe British pound has opened the new trading week below the important 1.2195 level against the US dollar, following renewed demand the greenback. Traders are now awaiting the release of the United Kingdom Manufacturing PMI, which could provoke GBPUSD volatility. Weaker UK PMI data could prompt a test of the 1.2100 support level, while a better than expected number could see bulls forcing price back towards the 1.2200 level. The GBPUSD pair is bearish while trading below the 1.2195, key support is found at the 1.2130 and 1.2100 levels. If the GBPUSD pair trades above the 1.2195 level, key resistance is found at the 1.2220 and 1.2250 levels.
by OctaFX_Official
EURUSD 1.1000 now resistanceThe euro has opened the new trading month under pressure against the US dollar after suffering its lowest weekly price close since May 2017. The psychological 1.1000 level is now former key support turned resistance, with 1.1026 level extended resistance. Below the 1.0960 level, the 1.0900 level is the most notable form of technical support for the EURUSD pair this week. The EURUSD pair is heavily bearish while trading below the 1.1100 level, key support is found at the 1.0930 and 1.0900 levels. If the EURUSD pair trades above the 1.1000 level, bulls may test back towards the 1.1015 and 1.1026 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.102. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.096. TP4: S2=1.093. Set the stoploss of these orders at breakout of R2=1.103. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.103. In this situation, there is an expectation to reach the target R3=1.1095. Set the stoploss of reverse orders at breakout of R1=1.102. 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 buyers disappearThe euro is falling back towards its current monthly trading low against the US dollar as the pair fails to rally on any positive news. The EURUSD monthly price close is coming into focus, with a monthly price close under the 1.1030 likely to set a bearish precedence for next month. The prospect of additional policy support from the ECB in just under two-weeks time is causing buyers to disappear. The EURUSD pair is heavily bearish while trading below the 1.1110 level, key support is found at the 1.1030 and 1.1000 levels. If the EURUSD pair trades above the 1.1090 level, bulls may test back towards the 1.1110 and 1.1130 levels.
by OctaFX_Official
USDJPY 107.00 revisitedThe US dollar has regained its short-term bullish bias against the Japanese yen currency as the pair recovers its former weekly losses. The USDJPY pair is being boosted by positive sentiment, as reports surface that Sino-US trade talks will begin next Thursday. Overall, a sustained move above the 107.00 resistance level opens-the-door for further gains towards the 108.00 level. The USDJPY pair is bullish while trading above the 106.40 level, key resistance is found at the 107.00 and 108.00 levels. The USDJPY pair is only bearish while trading below the 106.40 level, key technical support is found at the 106.00 and 105.00 levels.
by OctaFX_Official
EURUSD 1.0960 possibleThe euro currency has fallen to a fresh weekly low against the US dollar, completely eroding all of last Friday’s hard-earned trading gains. Technical analysis suggests that a break below the 1.1030 level opens-the-door for further losses towards the 1.0960 level. Bears may have to wait until the upcoming ECB policy meeting before a major technical breakout occurs in the EURUSD pair. If the EURUSD pair trades above the 1.1110 level, bulls may test back towards the 1.1130 and 1.1160 levels. The EURUSD pair is heavily bearish while trading below the 1.1110 level, key support is found at the 1.1030 and 1.0960 levels.
by OctaFX_Official
GBPUSD reverses from supportThe British pound is holding back above the 1.2200 level against the US dollar after quickly reversing from the 1.2150 level. The well-flagged neckline of the head and shoulders pattern on the one-hour time frame is found at the 1.2195. The four-hour time frame tells a different story, with a bullish pattern still holding an upside projection close to 1.2500. The GBPUSD pair is bearish while trading below the 1.2195, key support is found at the 1.2110 and 1.2000 levels. If the GBPUSD pair trades above the 1.2195 level, key resistance is found at the 1.2310 and 1.2380 levels.
by OctaFX_Official
GBPUSD hits 1.2310The British pound has surged to its highest trading level since late-July against the US dollar as dip-buyers retain control of the pair. The GBPUSD pair has hit its near-term bullish target, at 1.2310, although the larger upside objective is closer to the 1.2500 level. Bulls will need to hold price above the 1.2310 level to encourage additional buying towards the 1.2380 resistance area. The GBPUSD pair is only bearish while trading below the 1.2195 level, key support is found at the 1.2155 and 1.2100 levels. If the GBPUSD pair trades above the 1.2310 level, buyers may test towards the 1.2380 and 1.2480 levels.
by OctaFX_Official
EURUSD 1.1050 in focusThe euro has seen a pick-up in selling against the greenback, as traders continue to sell any moves above the 1.1100 resistance level. If weakness persists we are likely to see the former weekly low come into focus, with the 1.1020 level the foremost weekly support zone below. Buyers need to move price above the 1.1130 level, although bullish sentiment currently appears fairly weak. If the EURUSD pair trades below the 1.1110 level, sellers may test towards the 1.1050 and 1.1020 levels. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1160 levels.
by OctaFX_Official
Don't miss the great sell opportunity in USDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3275). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 37 . Take Profits: TP1= @ 1.3180 TP2= @ 1.3125 TP3= @ 1.3015 SL: Break Above R2
Short
by ForecastCity_EU
Don't miss the great buy opportunity in GBPCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.19815). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a down trend and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.2105 TP2= @ 1.2333 TP3= @ 1.2676 SL= Break below S2
Long
by ForecastCity_EU
EURUSD 1.1110 now keyThe euro currency has slipped into the red for the trading week against the US dollar, following a heavy rejection from the 1.1160 level. Bears have the upperhand while price trades under the 1.1110 level, leaving the EURUSD pair exposed to further losses. Overall, bulls need to maintain price above the 1.1130 level, or the EURUSD pair could slip back towards the 1.1050 level. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1160 levels. If the EURUSD pair trades below the 1.1110 level, sellers may test towards the 1.1080 and 1.1050 levels.
by OctaFX_Official
USDJPY on the riseThe US dollar has staged a powerful reversal from the 104.50 level against the Japanese yen, with the counter-rally so far moving slightly above the 106.00 level. Buyers need to move price above the 106.40 level to really accelerate technical buying interest. The latest moves in the USDJPY reminds traders that the pair is incredibly sensitive to Sino-US trade news. The USDJPY pair is only bullish while trading above the 106.00 level, key technical resistance is found at the 106.40 and 107.00 levels. The USDJPY pair is bearish while trading below the 106.00 level, key support is found at the 105.50 and 104.50 levels.
by OctaFX_Official
AUDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6755. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.68. TP4: R2=0.683. Set the stoploss of these orders at breakout of S2=0.6735. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6735. In this situation, there is an expectation to reach the target S3=0.666. Set the stoploss of reverse orders at breakout of S1=0.6755. 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 buy opportunity in AUDUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6735). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 54. Take Profits: TP1= @ 0.6798 TP2= @ 0.6830 TP3= @ 0.6910 SL= Break below S2
Long
by ForecastCity_EU
EURUSD 1.1130 pivot areaThe euro is attempting to gain bullish momentum against the US dollar, following Friday’s strong recovery above the 1.1150 resistance level. Buyers need to keep price above the 1.1130 level to mount another challenge towards the important 1.1160 resistance area. Overall, the recently created bullish double-bottom pattern and the weaker greenback are helping to boost the recovery. If the EURUSD pair trades above the 1.1130 level, bulls may test towards the 1.1160 and 1.1190 levels. If the EURUSD pair trades below the 1.1130 level, sellers may test towards the 1.1100 and 1.1080 levels.
by OctaFX_Official
GBPUSD higher high in placeThe British pound remains well-supported against the US dollar in early Monday trade, after a fairly bullish weekly price close on Friday. The recent advance towards the 1.2300 level has created another higher high, further encouraging traders to buy the GBPUSD pair. Overall, the large inverted head and shoulders pattern on the lower time frame is projecting that pair could recover towards the 1.2500 level. The GBPUSD pair is only bearish while trading below the 1.2200 level, key support is found at the 1.2177 and 1.2150 levels. If the GBPUSD pair holds above the 1.2200 level, buyers may test towards the 1.2310 and 1.2380 levels.
by OctaFX_Official
Don't miss the great sell opportunity in USDCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9816). 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. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 34. Take Profits: TP1= @ 0.9693 TP2= @ 0.9660 TP3= @ 0.9543 SL: Break Above R2
Short
by ForecastCity_EU
EURUSD new lowThe euro is back under downside pressure against the greenback, after suffering another upside rejection from the 1.1110 level and falling to fresh new weekly trading low. Technically, the EURUSD is going to struggle to find attract buying interest if the pair continues to fail above the 1.1100 level. Chair Powell’s speech later today and the upcoming G7 meeting is also causing subdued trading action. If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels. If the EURUSD pair trades below the 1.1050 level, sellers may test towards the 1.1020 and 1.1000 levels.
by OctaFX_Official