20 Sept: Forecast: FX: US$/Majors: By Jim Langlands

Major Currency Pairs

EURUSD: 1.1995
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy: Square ahead of the FOMC but short term charts hint mildly higher
Resistance Support
1.2155 (50% pivot of 1.6037/1.0352) 1.1965 200 HMA
1.2091 8 Sept high 1.1948 Session low
1.2070 Minor 1.1910 Minor
1.2030 Minor 1.1885 Rising trend support
1.2005 Session high 1.1860 (23.6% of 1.1118/1.2091)


USDJPY: 111.55
24 Hour: Mildly Bullish Medium Term: Mildly Bullish
Preferred Strategy: Looking to buy near 111.00. SL sub 110.50, TP @ 112.20
Resistance Support
112.78 (76.4% of 114.49/107.32) 111.20 Session low
112.41 20 July high 111.00 100 HMA
112.19 26 July high 110.60 Minor
111.87 Session high 110.30 Minor
111.72 (61.8% of 114.49/107.32) 110.00 200 HMA


GBPUSD: 1.3512
24 Hour: Prefer to buy dips Medium Term: Mildly Bullish
Preferred Strategy: Square ahead of the FOMC but looking to buy into weakness.
Resistance Support
1.3650 Minor 1.3490 Minor
1.3618 18 Sept high 1.3468 Session low
1.3590 Minor 1.3420 (23.6% of 1.2777/1.3318)
1.3552 Session high 1.3400 Minor
1.3530 Minor 1.3375 (23.6% of 1.2588/1.3618)


USDCHF: 0.9621
24 Hour: Neutral Medium Term: Neutral
Preferred Strategy:  Neutral.
Resistance Support
0.9772 8 Aug high 0.9595 Session low
0.9740 Minor 0.9565 Minor
0.9705 14 Sept high 0.9550 Minor
0.9680 Minor 0.9520 Minor
0.9648 Session high 0.9500 Minor


AUDUSD: 0.8008
24 Hour: Prefer to buy dips Medium Term: Neutral
Preferred Strategy: Square ahead of the FOMC. Possibly look to buy dips @ 0.7960. SL @0.7920, TP @ 0.8040
Resistance Support
0.8080 Minor 0.7990 Minor
0.8060 Minor 0.7955 Session low
0.8048 12 Sept high 0.7940 18 Sept low
0.8035 18 Sept high 0.7920 1 Sept low
0.8019 Session high /200 HMA 0.7900 Minor


NZDUSD: 0.7319
24 Hour: Prefer to buy dips Medium Term: Neutral
Preferred Strategy:  GDP today, Election on the weekend. Good time to be square.
Resistance Support
0.7425 Minor 0.7300 Minor
0.7395 (61.8% of 0.7558/0.7161) 0.7265 100 HMA/200 HMA
0.7365 Minor 0.7248 18 Sept low
0.7342 15 Sept high/(50% pivot of 0.7558/0.7161) 0.7210 Minor
0.7326 Session high 0.7183 14 Sept low

By | September 20, 2017
Source: FXCharts

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