Theme images by MichaelJay. Powered by Blogger.

USD/JPY: upward momentum maintains 20 September 2019, 14:15

USD/JPY: upward momentum maintains 20 September 2019, 14:15 Scenario Timeframe Weekly Recommendation BUY Entry Point 1...

Best Fx Strategy
Trade Forex On The Next Level ..

No Loss Trading Strategy

About Us

"when you get to the top floor, don't forget to send the elevator down for someone else." I believe it is a privilege and an obligation to support others in achieving their desired success...


I am only an email away -

Message me...

Free Forex Daily Signals On All Major Pairs

FREE FX TRADING SIGNALS
Our Recent Fx Trading Signals Posted Daily

Sep 20, 2019

USD/JPY: upward momentum maintains 20 September 2019, 14:15

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 107.97
Take Profit 109.30
Stop Loss 107.20
Key Levels 105.45, 106.40, 106.70, 107.15, 107.50, 108.40, 108.60, 109.00, 109.30
Current trend
The USD/JPY pair strengthens.
In late August, the price tested the local minimum, reversed and began to grow. In almost a month, the rate gained more than 300 points and passed some key resistance due to a decrease in demand for the overbought JPY and favorable US fundamental background. The Fed’s interest rate cut did not significantly affect the instrument. The regulator’s representatives did not agree on the appropriateness of the decline and gave a positive forecast for further improvement in the economic situation in the US.
Now, the pair moves within a new narrow ascending channel. In the middle of the week, it reached the upper limit of the range, after which it reversed to a downward correction.
Today, Japan released negative data on the national consumer price index but the price practically did not respond to it.
Support and resistance
Due to the lack of strong catalysts, the pair has been trading in a sideways consolidation for several weeks. In the future, the upward momentum will continue, and the price will reach the key resistance level of 109.00 but before, a deeper correction to the level of 107.50 is forecasted. JPY continues to lose demand accumulated over the past few months. Due to the reversal of the instrument, investors are closing a large volume of profitable short positions from the key and historical level of support.
On the daily chart, technical indicators changed the signal direction: MACD indicates further gain due to a significant increase in the volume of long positions, and Bollinger bands reversed upwards.
Resistance levels: 108.40, 108.60, 109.00, 109.30.
Support levels: 107.50, 107.15, 106.70, 106.40, 105.45.

Trading tips
Long positions can be opened from the current level with the target at 109.30 and stop loss 107.20.

XAU/USD: prices show ambiguous dynamics 20 September 2019, 10:36

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 1510.20
Take Profit 1534.74, 1540.00
Stop Loss 1500.00
Key Levels 1474.61, 1483.18, 1492.19, 1500.00, 1510.11, 1516.70, 1523.95, 1534.74
Alternative scenario
Recommendation SELL STOP
Entry Point 1499.95
Take Profit 1474.61
Stop Loss 1510.11
Key Levels 1474.61, 1483.18, 1492.19, 1500.00, 1510.11, 1516.70, 1523.95, 1534.74
Current trend
Gold prices showed a slight increase on Thursday, receiving support from the aggravation of the situation in the Middle East. After a series of meetings of leading regulators, which did not bring significant surprises, the attention of investors returns to the previous problems: US-China trade negotiations, the Brexit crisis and rising tensions in the Middle East. Yesterday, US President Donald Trump ordered a substantial increase in sanctions against Iran, accusing Tehran of attacks on oil production facilities in Saudi Arabia a week ago.
During today's Asian session, the instrument shows moderate growth, trading under the influence of technical factors. Macroeconomic background today is almost empty, so investors are focused on previous drivers.
Support and resistance
Bollinger Bands in D1 chart demonstrate a gradual decrease. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. The MACD indicator is gradually reversing upwards and forming a weak buy signal (the histogram is trying to consolidate above the zero level). Stochastic maintains uptrend, being approximately in the center of its area.
Technical indicators do not contradict the further development of the uptrend in the short and/or ultra-short term.
Resistance levels: 1510.11, 1516.70, 1523.95, 1534.74.
Support levels: 1500.00, 1492.19, 1483.18, 1474.61.


Trading tips
To open long positions, one can rely on the breakout of 1510.11. Take profit — 1534.74 or 1540.00. Stop loss — 1500.00.
A rebound from 1510.11 as from resistance, followed by a breakdown of 1500.00 may become a signal for new sales with the target at 1474.61. Stop loss — 1510.11.
Implementation time: 2-3 days.

USD/CHF: dollar is in correction 20 September 2019, 10:33

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 0.9930
Take Profit 1.0000, 1.0020
Stop Loss 0.9876
Key Levels 0.9835, 0.9853, 0.9876, 0.9899, 0.9927, 0.9945, 0.9982, 1.0000
Alternative scenario
Recommendation SELL STOP
Entry Point 0.9890
Take Profit 0.9797
Stop Loss 0.9945
Key Levels 0.9835, 0.9853, 0.9876, 0.9899, 0.9927, 0.9945, 0.9982, 1.0000
Current trend
Yesterday, the USD/CHF pair moderately decreased, retreating from local highs of June 19, renewed the day before. The weakening of the instrument was largely due to technical factors, as investors paid little attention to ambiguous macroeconomic statistics. However, the publication of the National Bank of Switzerland decision on the interest rate moderately supported the franc.
As expected, the Swiss regulator left the key interest rate unchanged at –0.75% but at the same time lowered the rate on excess reserves of the bank at a certain threshold. The Bank said that the amount of excess reserves leading to an increase in the rate will be periodically reviewed. All these actions are aimed at reducing the yield from negative SNB rates and, as a result, stimulating inflation in the region.
Support and resistance
On the daily chart, Bollinger Bands reverse into the horizontal plane. The price range consolidates within a fairly wide range and indicates an approximate balance of power in the short term. The MACD indicator falls, keeping a poor sell signal (the histogram is below the signal line). Stochastic fluctuates near its highs, indicating that USD is overbought in the ultra-short term.
The developing of a full-fledged downtrend is possible in the short and/or ultra-short term.
Resistance levels: 0.9927, 0.9945, 0.9982, 1.0000.
Support levels: 0.9899, ​​0.9876, 0.9853, 0.9835.


Trading tips
Long positions can be opened after the rebound from 0.9899 and the breakout of 0.9927 with the target at 1.0000 or 1.0020. Stop loss – 0.9876.
Short positions can be opened after the breakdown of 0.9899 with the target at 0.9797. Stop loss – 0.9945.
Implementation period: 2–3 days.

AUD/USD: Australian dollar is going down 20 September 2019, 10:31

 

Scenario
Timeframe Intraday
Recommendation BUY STOP
Entry Point 0.6810
Take Profit 0.6883, 0.6900
Stop Loss 0.6777
Key Levels 0.6675, 0.6700, 0.6734, 0.6777, 0.6807, 0.6829, 0.6858, 0.6883
Alternative scenario
Recommendation SELL STOP
Entry Point 0.6770
Take Profit 0.6700
Stop Loss 0.6807
Key Levels 0.6675, 0.6700, 0.6734, 0.6777, 0.6807, 0.6829, 0.6858, 0.6883
Current trend
The Australian dollar is slightly correcting against the US currency during today's Asian session, recovering from two days of steady decline. Contradictory data on the Australian labor market put pressure on the instrument on Thursday. Despite a steady increase in employment by 34.7K jobs in August, the country's Unemployment Rate reached new highs at 5.3%, which is likely to push the RBA to new measures to stimulate the economy. Nevertheless, after a series of world regulators meetings, the attention of investors is once again shifting to the process of negotiations between the US and China, which should begin in October. So far, the prospects for a new round of trade talks look very encouraging.
Support and resistance
On the D1 chart, Bollinger Bands are gradually reversing horizontally. The price range is narrowing actively, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero mark. Stochastic keeps a downward direction but is rapidly approaching its lows, which indicates risks of oversold AUD in the short and/or ultra-short term.
Existing short positions should be kept until the situation clears up.
Resistance levels: 0.6807, 0.6829, 0.6858, 0.6883.
Support levels: 0.6777, 0.6734, 0.6700, 0.6675.


Trading tips
To open long positions, one can rely on the rebound from 0.6777 as from support with the subsequent breakout of 0.6807. Take profit — 0.6883 or 0.6900. Stop loss — 0.6777.
The breakdown of 0.6777 may serve as a signal to new sales with the target at 0.6700. Stop loss — 0.6807.
Implementation time: 2-3 days.

American Express Co.: wave analysis 20 September 2019, 09:44

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 117.79
Take Profit 122.75, 124.31
Stop Loss 116.07
Key Levels 104.51, 109.24, 116.07, 122.75, 124.31
Alternative scenario
Recommendation SELL STOP
Entry Point 116.00
Take Profit 109.24, 104.51
Stop Loss 118.25
Key Levels 104.51, 109.24, 116.07, 122.75, 124.31
The price is in a correction and may grow.
On the 4-hour chart, the wave A of the higher level developed, within which the wave 5 of (5) developed. Now, the development of the downward correction of the higher level as the wave B has started, within which the first wave of the lower level i of 1 of (A) of B has formed as a widening diagonal, and the local correction ii of 1 of (A) is developing. If the assumption is correct, in the short term, the price will grow to the levels of 122.75–124.31. In this scenario, critical stop loss level is 116.07.


Main scenario
Long positions will become relevant during the correction, above the level of 116.07 with the targets at 122.75–124.31. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price below the level of 116.07 will let the price grow to the levels of 109.24–104.51.

Boeing Co.: wave analysis 20 September 2019, 09:43

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 384.48
Take Profit 397.25, 416.37
Stop Loss 372.45
Key Levels 319.50, 350.10, 366.23, 397.25, 416.37
Alternative scenario
Recommendation SELL STOP
Entry Point 366.15
Take Profit 350.10, 319.50
Stop Loss 371.50
Key Levels 319.50, 350.10, 366.23, 397.25, 416.37
The price is in a correction and may grow.
On the 4-hour chart, a downward correction of the higher level forms as the wave 4, within which the wave (A) of 4 formed, and the wave (B) of 4 develops. Now, the wave A of (B) is forming, within which the third wave of the lower level iii of A has ended. If the assumption is correct, after the correction iv of the price will grow to the levels of 397.25–416.37. In this scenario, critical stop loss level is 366.23.


Main scenario
Long positions will become relevant during the correction, above the level of 366.23 with the targets at 397.25–416.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 366.23 will let the price go down to the levels of 350.10–319.50.

GBP/USD: wave analysis 20 September 2019, 09:40

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 1.2572
Take Profit 1.2704, 1.2867
Stop Loss 1.2450
Key Levels 1.1960, 1.2215, 1.2388, 1.2704, 1.2867
Alternative scenario
Recommendation SELL STOP
Entry Point 1.2380
Take Profit 1.2215, 1.1960
Stop Loss 1.2440
Key Levels 1.1960, 1.2215, 1.2388, 1.2704, 1.2867
The pair may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave (2), within which the wave C of (2) ended. Now, the formation of the third wave of the higher level has begun, within which the first wave of the lower level i of 1 of (3) is developing. If the assumption is correct, the pair will grow to the levels of 1.2704–1.2867. In this scenario, critical stop loss level is 1.2388.


Main scenario
Long positions will become relevant during the correction, above the level of 1.2388 with the targets at 1.2704–1.2867. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 1.2388 will let the pair go down to the levels of 1.2215–1.1960.

EUR/USD: wave analysis 20 September 2019, 09:39

 

Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 1.1056
Take Profit 1.1163, 1.1249
Stop Loss 1.0991
Key Levels 1.0850, 1.0924, 1.0991, 1.1163, 1.1249
Alternative scenario
Recommendation SELL STOP
Entry Point 1.0980
Take Profit 1.0924, 1.0850
Stop Loss 1.1015
Key Levels 1.0850, 1.0924, 1.0991, 1.1163, 1.1249
The pair may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave 2, within which the fifth wave 5 of (C) of 2 formed as a zigzag. Now, the development of the third wave of the higher level 3 is starting, within which the entry momentum of the lower level i of 1 of (1) of 3 has formed, and the third wave iii of 1 is developing. If the assumption is correct, the pair will grow to the levels of 1.1163–1.1249. In this scenario, critical stop loss level is 1.0991.


Main scenario
Long positions will become relevant during the correction, above the level of 1.0991 with the targets at 1.1163–1.1249. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 1.0991 will let the pair go down to the levels of 1.0924–1.0850.

Best Binary and Forex Signals Service Providers


Binary Options Pro Signals
Top-Rated Signals for Binary Options

Up to 88% per Trade Our winning binary options signals will generate up to 88% profit PER TRADE. Stocks and Currencies We monitor 14 assets through London and US Market Sessions. SMS, Email and Web Signals will be sent to you Real Time via SMS/Text, Email or both!

Binary Options Pro Signals Click here...
Binary Trading Signals Live!
Join now and get LIVE, exclusive access to..

KILLER Binary Options and Forex Strategies.. We Use Daily INCREDIBLE In Depth Market Analysis On Multiple Assets, QUALITY Trading Education and Discipline Training.. A Premier Signal Service For Binary Options As You Watch A Live Trader With Over 10 Years Of Experience!

Binary Trading Signals Live Click here...
Most Trusted Forex Signals..
Your Success Starts Here

24/5 Daily Forex signals for all time zones.. Receive signals at home or on the go.. Clear entry price, stop loss and take profit.. independently verified results.. Full help and support provided.. Ask as many questions as you like.. and much more... Join Now 20% Discount

Happy Pips!!! Click here...
Fx Signals Delivers Profits..!!
The most amazing thing is here..

What you are being offered, is BETTER than any forex indicator, robot or system! We are an established forex signals service provider with over 50 of the best forex analyst/traders in the world today...

See you on the inside.. Click here...
No Loss Forex Trading Strategy
Click on Contact us.. >>>


If you are interested or have any questions - Contact us!