A possible drop for USD/JPY
On the daily chart of USD/JPY, there is a battle between bulls and bears to reach an important level at 88.6% of XC wave of the “Shark” pattern.
Tag - usd
Fed rate hike: the projections
Traders and investors all over the world are highly anticipating the Federal Open Market Committee (FOMC) statement and the Federal funds rate announcement today at 21:00 MT time…
GBP/USD is aiming for new highs
On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar.
USD/CHF can go down
USD/CHF reached 0.9630 (50% of the medium-term rising wave), although the diagonal resistance in form of the upper border of the downtrend channel is a more serious obstacle.
Trading plan for September 26
The meeting of the Federal Reserve will be the main event of the day on Wednesday…
Sell USD/CAD on recoveries
Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.
Weekly Forex Outlook: September 24-28
Let’s go through the main Forex topics that will offer you profit opportunities.
AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
Gold will continue to consolidate
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
Trading plan for September 21
Why is GBP/USD rising and how high it may go? What are the targets for EUR/USD, AUD/USD, and NZD/USD? Watch the video to find out!…
