EUR/USD Selloff to Accelerate? Biden-Trump Race for Florida Tightens

EUR/USD crossed a key threshold, potentially marking the start of a deeper reversal as the spread between Biden and Trump in Florida tightens; but what does general election data indicate?
Source: News FX

USD/CHF Price Outlook: Swiss Franc Falls Sharply Ahead of SNB

The Swiss Franc has floundered over recent trading sessions as the US Dollar strengthens sharply, which has sent USD/CHF price action ripping higher headed into a monetary policy update from the SNB.
Source: News FX

DAX 30 Price Outlook: German Index Broke Trendline Support, Now What?

The DAX 30 broke beneath a pivotal trendline this week which may have opened the door to further losses. With equity weakness persisting, where might the DAX find secondary support?
Source: News FX

US Dollar Extends Rally as Global PMI Data Fans Volatility

The US Dollar is pushing higher against major FX peers on the back of discouraging global PMI data, and USD price action could sustain its rebound off two-year lows amid resurgent volatility.
Source: News FX

Gold Price Forecast: XAU Sinks to Support, Gold Fresh Monthly Lows

Gold prices flew up to a fresh all-time-high in early-August but, since then, matters have changed. This morning saw a fresh monthly low print in Gold.
Source: News FX

AUD/NZD Outlook: RBA vs RBNZ Monetary Divergence Wanes

AUD/NZD upside may struggle as RBA looks to ease policy further. RBNZ stands pat with little expected prior to NZ election.
Source: News FX

EUR/GBP Outlook: Freight Adds to Brexit Woes, UK PMI, Bullish Pennant

The UK government warned that EU bound freight trucks could face a 7000-truck-long queue at Kent – a major gateway to Europe – after the UK leaves the customs union
Source: News FX

NZDUSD analysis for 23.09.2020

New Zealand reported RBNZ Rate Statement and Official Cash Rate. There will be FOMC Members’ talks.
The support rests at 0.65750 with resistance at 0.66560 which both lines are below the weekly pivot point at 0.67390. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
As long as the bearish pressure remains, sellers can target 0.65500.

nzdusd
Source: fxglory

British Pound (GBP) Latest: GBP/USD Will Likely Fall Further, FTSE Up

GBP/USD dropped through an important support level Tuesday, suggesting more losses are on the way. The next key support comes from the 200-day moving average at 1.2655.
Source: News FX

USDJPY analysis for 23.09.2020

PMI Manufacturing, Tertiary Industry Index, All Industry Activity Index were released in Japan and BOJ Governor Haruhiko Kuroda Speaks. In the US Federal Reserve Chairman Jerome Powell speaks as well.
The support rests at 104.630 with resistance at 105.530 which the weekly pivot point at 105 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While considering pullbacks on the way, if the weekly pivot point is broken, further growth can be expected towards level 61.8 of Fibonacci.

usdjpy
Source: fxglory