Forex Daily Forecast Sept 01 2017

EURO -dollar - 69875

EURUSD Pulls Back With Caution!

As long as 1.2015 resistance holds on a daily closing basis, the EURUSD remains in a pullback mode and further down could be seen towards the 1.1773 levels where rebound is likely, below that level will extend the corrective pullback towards the 1.1727/1/1670 levels, further down sees a free fall to the 1.1477 levels. On the upside, above 1.12015 will restore the upside momentum and pave the way to the 1.2110 levels ahead of the 1.2210 levels, next resistance comes at the 1.2315 levels.

Note: U.S Nonfarm payrolls data is likely to bring (sell/buy) opportunities…blank

 


blankGBPUSD Recovers With Caution!

As long as 1.2793 support holds on a daily closing basis, the GBPUSD remains in a recovery mode and further upside could be seen, but upside move above that level should be limited well by the 1.3021/1.3060 levels where another fall is likely…above 1.3060 will reverse the risk towards the 1.3165/1.3246 levels. Ont he downside, below 1.2888 opens 1.2793 levels, with a cut below here opening the way to the 1.2715/1.2615 levels.

Note: U.S Nonfarm payrolls data is likely to bring (sell/buy) opportunities…

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USDJPY Consolidates Below Resistance!

As long as 108.63 support holds on a daily closing basis, the USDJPY ┬áremains in a recovery mode and further upside could be seen, but upside move above that level should be limited well by the 110.82 levels where another fall is likely…above 110.82 will reverse the risk to the upside towards the 112.18/113.57levels. Ont he downside, below 108.63 will restore the downside momentum and open the way to the 108.00/107.20 levels…

Note: U.S Nonfarm payrolls data is likely to bring (sell/buy) opportunities…

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blankXAUUSD Bullish Eyes Further Upside!

As long as 1283/1291/1299 support holds on a daily closing basis the XAUUSD remains bullish with risk to the 1337 levels, further upside will target the 1252 levels ahead of the 1275 levels. Below 1283 sees a pullback risk to the 1258 levels before the next rising.

Note: U.S Nonfarm payrolls data is likely to bring a buying opportunity.

 

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blankWTI Crude Oil Consolidates With Downside Bias!

As long as 47.77 resistance holds on a daily closing basis, the WTI Oil remains on the downside to the 45.80 levels, a halt is likely but a cut would open 44.40 levels, further down, support comes at the 42.60 levels…

On the upside, above 47.77 will target the 49.26 levels, further upside, resistance comes at the 50.30 levels.

Note: U.S Nonfarm payrolls data is likely to bring a selling opportunity.

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