EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 26, 2017

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Published: Sep 26, 2017, 08:42 UTC

EUR/USD The pair gapped lower at the open in Monday's session but filled and continued to fall lower towards the 1.1850 level after filling the gap above.

Forex Trading Signals - September 25, 2017

EUR/USD

The pair gapped lower at the open in Monday’s session but filled and continued to fall lower towards the 1.1850 level after filling the gap above. The Monday’s weakness in the market indicates the extending uncertainties of the trend. Right now, the market is well supported near the 1.1850 level and if it breaks this level then it will fall lower towards the 1.1750 level turning the sentiments of the market weak. …Read More

GBP/USD

The pair traded in a range bound manner on Monday’s session similar to the price movement it is having in the last couple of session. The pair is facing a stiff resistance in going above the 1.36 level and it is expected to move sideways to build up momentum to cross this crucial level. Going forward, the pair is expected to be volatile as the rate hike from both Bank of England and Federal Reserve later this year will directly affect the pair and its trend. …Read More

AUD/USD

The AUD fell slightly during the Monday’s session as the market is affected by a lot of noise from global markets. The pair is facing a significant amount of resistance in crossing above the important 0.80 level. Breaking above this important psychological level will push the market higher. Going forward, the market is expected to take a cue from the gold markets for further trend. Right now, the market will be extremely volatile with a strong support at 0.79 level underneath. …Read More

USD/JPY

The market gapped higher at the start of Monday’s session but soon turned back to test the support at 112 level. If the pair breaks below the 111.75 level then weakness will grip the market and pull back towards 110 level. The pair is very risk sensitive to the global volatility and upcoming rate revision & tightening of the balance sheet by Fed will definitely affect the market. For long-term, the target for the pair will be 114.50 with 110 level acting as support for the market. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.