Australian Dollar May Fall on Jobs Data, Economic Plateauing, China Tension

The Australian Dollar may pull back as domestic economic activity and local inflation prospects plateau as geopolitical tension with China heats up.
Source: News FX

US Equities Forecast: Nasdaq 100, S&P 500, Dow Jones Price Setups

After US equities suffer their second week of losses, price action consolidates around key Fibonacci levels
Source: News FX

EUR/USD Price Outlook – A Fresh 30-Month High May Prove Difficult

The European Central Bank will carefully monitor the exchange rate but suggested yesterday that they will look through any short-term appreciation of the single currency despite its negative effect…
Source: News FX

USDCAD analysis for 11.09.2020

Capacity utilization will be reported in Canada and there will be some reports in the US such as Consumer Price date.

The pair is finding support at 1.31430 with resistance at 1.32020 which both lines are above the weekly pivot point at 1.301720. The EMA of 10 is moving horizontally in the descendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is falling towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing an upward trend.
Long positions are recommended towards 1.3225.

usdcad
Source: fxglory

British Pound Latest (GBP) – EU Gives UK Brexit Ultimatum

GBP/USD plunges, while EUR/GBP benefits from the best of both worlds.
Source: News FX

USDJPY analysis for 11.09.2020

BSI Manufacturing Index and Domestic Corporate Goods Price Index were released in Japan and the US will publish Consumer Price Index, Consumer Price Index Core and Federal Budget Balance.
The support rests at 105.970 with resistance at 106.300 which the weekly pivot point at 106.030 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
USDJPY is under pressure. Sellers can target 105.750.

usdcjpy
Source: fxglory

US Dollar Outlook: DXY May Extend Losses Ahead of FOMC Rate Decision

The US Dollar Index (DXY) is at risk of sliding lower ahead of the Federal Reserve interest rate decision on September 16.
Source: News FX

EURUSD analysis for 11.09.2020

Yesterday’s ECB meeting did not move the market much but EUR got a bit of a support.
The support rests at 1.18060 with resistance at 1.18520 which both lines are below the weekly pivot point at 1.18770. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Considering the price growth EURUSD is not going to break the upper Bollinger band, the pair will be consolidating within the Bollinger bands.

eurusd
Source: fxglory

EUR/USD Analysis: Wait-and-See ECB Guidance Keeps August Range Intact

EUR/USD may continue to track the August range following the ECB meeting even though the RSI retains the downward trend carried over from the end of July.
Source: News FX