GBP/USD Weekly Forecast: Cautious Optimism Signals a Brexit Deal is Near

GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near.
Source: News FX

South African Rand Price Forecast: USD/ZAR Breakout Potential Brewing

South African Rand depreciates against major currencies but remains confined by trendline resistance
Source: News FX

Gold analysis for 25.09.2020

Due to traders’ interest in Gold, the price is getting empowered.
The support rests at 1853.21 with resistance at 1883.48 which both lines are below the weekly pivot point at 1961.37. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1884.

gold
Source: fxglory

USDJPY analysis for 25.09.2020

Corporate Service Price Index was released in Japan. The US will publish Durable Goods Orders and Baker Hughes U.S. Rig Count.
The support rests at 105.290 with resistance at 105.640 which both lines are above the weekly pivot point at 105. 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 moving above 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.
The correction pattern has been completed. USDJPY may be fluctuating within the support and resistance lines.

usdjpy
Source: fxglory

British Pound Latest (GBP) – Are the UK and EU Nearing a Brexit Agreement?

GBP/USD to remain choppy, while optimism over EU-UK Brexit negotiations are rising.
Source: News FX

EURUSD analysis for 25.09.2020

EUR may gain some momentum due to lack of influential reports or statements by the authorities.
The support rests at 1.16490 with resistance at 1.16880 which both lines are below the weekly pivot point at 1.18270. 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 moving in oversold area, 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.
EURUSD is trying to consolidate and move sideways within the support and resistance lines. The resistance line breakout may push the price towards 1.17500.

eurusd
Source: fxglory

EUR/USD Rates May Extend Slide Lower on Covid-19 Second Wave Fears

The EUR/USD exchange rate is at risk of extending its slide lower as a ‘second wave’ of coronavirus infections in Europe notably sours risk appetite.
Source: News FX

Dow Jones Rebounds at 23.6% Fibonacci Level, Nikkei 225, ASX 200 Climb

Dow Jones Industrial Average futures climb in early Asia hours after rising 0.29% as the VIX volatility index fell. Asia-Pacific equities look for a relief rebound.
Source: News FX

USD/CAD Rate Searches for Resistance as RSI Tracks Upward Trend

USD/CAD trades to a fresh monthly high (1.3418) and the exchange rate may continue to search to resistance as the RSI tracks the upward trend established in September.
Source: News FX