Forex Daily Outlook – September 25, 2018

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Published: Sep 25, 2018, 07:41 UTC

EUR/USD The Euro initially started off with strength during the Monday's session, but then rolled off to form a lower high on the daily chart. Because of

Forex Daily Outlook – September 25, 2018

EUR/USD

The Euro initially started off with strength during the Monday’s session, but then rolled off to form a lower high on the daily chart. Because of this, it seems the market is likely to struggle a bit breaking above the 1.18 level. The pair is likely to trade within the long-term consolidation range which is 1.15 and 1.18 level. With headlines linked to Brexit and trade wars cross the wires, the market is likely to stay volatile. The break above will attract more buyers to the market. …Read More

GBP/USD

The pair started off with a bullish start during the yesterday’s session as it broke above the minor resistance level. Dips are proving to be an attractive value proposition among buyers as they are expecting a positive Brexit deal outcome which will fuel the market further higher. The market is probably eyeing for the 1.3250 level next, but large swings around volatility is expected. …Read More

AUD/USD

The AUD gapped lower against the USD in the yesterday’s session as Chinese-US trade relations further deteriorated over the weekend. This is going to have a major impact on the AUD over the long-term period and is unlikely to see higher levels in the short to medium term. Going forward, the pair is likely to consolidate in the range of 0.70-0.7350 level. …Read More

USD/JPY

The pair rallied higher during the yesterday’s session but continued to face a lot of issues around that major downtrend line. At this point, the pair should break above the 113 level in order to overcome the negative pressure around the downtrend line and grind-higher. Currently, the pair is highly influenced by the global equity market and tensions around the Sino-US trade wars. Underneath, the 112 level is going to offer strong support to the pair. …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.