AUD/USD at Key Support, Trump Popularity Edging Up Despite Virus Spike

AUD/USD may be at a turning point as the pair tests critical support following an intense selling bout. President Donald Trump’s popularity is slightly recovery ahead of the first presidential debate.
Source: News FX

Australian Dollar Outlook: AUD/USD Drops to Fresh Two-Month Low

AUD/USD price action fluctuated in a wide trading range on Thursday as bulls and bears battle over the market’s next direction, but the Australian Dollar closed the session in the red and at fresh …
Source: News FX

Gold Price Forecast Sours as Losses Mount

Gold suffered a substantial pullback this week, erasing weeks of gains and severely damaging important technical structures. As a result, the outlook for the precious metal has soured.
Source: News FX

IBEX 35 Forecast: Rising COVID Infections Exacerbates Bearish Technical Picture

The IBEX 35 index broke lower this week and continues to underperform against the DAX 30 Index and EU 50 Index, as Spain grapples with another round of lockdowns following a rise in Covid cases
Source: News FX

USD/CAD Price Outlook: Canadian Dollar Recoils at 100-Day MA

Spot USD/CAD just reversed sharply lower after rejecting its 100-day moving average near the 1.3400-price level. Can the Canadian Dollar continue reclaiming lost ground or will USD/CAD resume its s…
Source: News FX

Dow, Nasdaq Price Forecast: Sellers Drive as Q4 Open Nears

It was a summer to remember for stock bulls – but now that the calendar has turned into fall, a different market tonality has begun to show itself.
Source: News FX

No Respite for Euro as German Ifo Index Misses Expectations

Germany’s Ifo business climate index came in below economists’ forecasts in September, potentially adding further downside pressure on EUR/USD, which has been hit hard by US Dollar strength.
Source: News FX

US Dollar Winning the Safe-Haven Battle vs JPY and CHF

US Dollar takes the title of preferred safe-haven against the Japanese Yen and Swiss Franc
Source: News FX

USDCHF analysis for 24.09.2020

SNB Basic Interest Rate and SNB Monetary Policy Assessment were released in Switzerland and the US will publish New Home Sales, Continuing Claims and Unemployment Claims.
The support rests at 0.92030 with resistance at 0.92600 which both lines are above the weekly pivot point at 0.91010. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.92700.

Source: fxglory

GBPUSD analysis for 24.09.2020

The forthcoming speech of Bank of England president Andrew Bailey may put pressure on the GBP. The reports from the US economy will be the influential factor for GBPUSD.
The support rests at 1.26950 with resistance at 1.27610 which both lines are below the weekly pivot point at 1.29030. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The resistance level breakout will confirm the growth towards 1.28100; long-term traders and expect further decline.

Source: fxglory