Market Brief / 22-09-2017
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After only a one day bullishness of the US dollar due the FOMC comments, the US dollar is back on its weakness again giving the EUR/USD a rebound from 1.1860 (the low of September 20) and broke above its 20- and 50-period moving averages. In addition, the bullish cross between 20- and 50-period moving averages has been identified.
The RSI is supported by a rising trend line since September 20. Hence, as long as 1.1910 is not broken, look for a further rebound to 1.1965 and even to 1.2010 in extension. Alternatively, below 1.1910 would trigger a return with 1.1890 and 1.1860 as targets.
On the data slate there’s German Manufacturing PMI; German Services PMI; Euro-Zone Services PMI; Euro-Zone Manufacturing PMI; Euro-Zone ECB President Mario Draghi Speaks in Dublin; US Manufacturing PMI; US Services PMI; US Composite PMI and US Baker Hughes US Rig Count.
BUY EUR/USD @ 1.1930 OR BETTER – STOP @ 1.1880 – TARGET @ 1.2010
BUY GBP/USD @ 1.3575 OR BETTER – STOP @ 1.3520 – TARGET @ 1.3665
SELL USD/JPY @ 112.00 OR BETTER – STOP @ 112.40 – TARGET @ 111.20
BUY CL1117 @ 50.20 OR BETTER – STOP @ 49.70 – TARGET @ 51.00
BUY AUD/USD @ 0.7900 OR BETTER – STOP @ 0.7860 – TARGET @ 0.8010
BUY XAU @ 1295 OR BETTER – STOP @ 1287 – TARGET @ 1315
BUY XAG @ 17.00 OR BETTER – STOP @ 16.70 – TARGET @ 17.80
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@lordoftruth, very interesting information, thanks for the information. greetings from Indonesia.
Hey @lordoftruth
Yes....I think eur/usd and gbp/usd trend is bullish today...
I'm try every your fx signals....and after trade my results comment below......
Upvoted...
Cheers~~~~~~~
thank you for the analysis ..
immensely helpful stuff.
Cheers!
@lordoftruth,
Wow friend, again a great analysis report! I refer EUR/USD from this report and not a fan of other pairs :D Once a wise man said "keep one wife, if you keep a lot, your life will be ruined" :D So I decided to apply that quote to my trading style :D
Cheers~
thanks for the update :)