Weekly Forex Technical Forecasts for September - Week 5..

Hello!

How has September been so far? Smashing all the profits?

There is still a lot of action left in the few days remaining.

Courtesy of our Analysis Team, half the work has been done for you and all that is needed is for you to analyse and set the trades running before the opportunities to make cool profits slip by.

EUR/USD

A lot of consolidation was observed last week and may continue this week. Resistance stands on 1.1750, and only a break above will bring the bulls back.

However, support remains at 1.1685 with a "W" pattern. See more information in the screenshot below. [Having trouble interpreting this analysis? Click here]

EURUSD_9_27

BIAS: BEARISH/Ranging

 

GBP/USD

The GU pair is currently ranging and may sell further to 1.3610. A rise above 1.3720 will activate the bulls. See more information in the screenshot below. [Having trouble interpreting this analysis? Click here]

GBPUSD_9_27

BIAS: Ranging

USD/CAD

USD/CAD is currently standing tall at the 1.2640 support. You are recommended to place a buy if the price rises above 1.2690 and watch for a bearish breakout below the support level. See more information in the screenshot below. [Having trouble interpreting this analysis? Click here]

USDCAD_9_27

BIAS: Ranging

EUR/JPY

Massive recovery is observed and is now at the 129.75 support level. Price should pull back to 129.60 before a further rise; otherwise, a drop below 129.45 gets the bears back. 

See more information in the screenshot below. [Having trouble interpreting this analysis? Click here]

EURJPY_9_27

BIAS: BULLISH/Bearish Pullback

 

There you have it, that's all for this week from our Analysis Desk. Half the job has been done for you already and all you need to do is hop on these trades immediately before the price moves too far!

 

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