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.

Conclusion: The EURUSD continues to face pull back threats below the 1.2015 levels…

Note: U.S ISM Non-Manufacturing PMI may bring a selling opportunity…blank


GBPUSD, Bullish Eyes 1.3110 Levels!

As long as 1.2872/1.2908 support holds on a daily closing basis, the GBPUSD remains bullish with risk towards the 1.3110 levels, a halt is likely and a reversal may occur from here, but a breakthrough that level will extend gains towards the 1.3165 levels, further upside resistance comes at the 1.3225 levels ahead of the 1.3318 levels.

On the downside, below 1.2872 sees a fall risk to the 1.2773 levels ahead of the 1.2715/1.2615 levels.

Conclusion: The GBPUSD continues to face upside threats above 1.2872 levels in the short term forecast…

Note: U.S ISM Non-Manufacturing PMI may bring a buying opportunity…blank


USDJPY Under Pressure On Resistance Rejection!

With USDJPY failing to continue higher through the 110.47 levels, followed by a cut through the key support 109.55, the risk has been shifted to the downside with caution.

Immediate support comes at the 108.63 levels, a halt is likely but a cut would open 108.00 levels, further down, support comes at the 107.20 levels ahead of the 106.00 levels…

Conclusion: The USDJPY continues to face downside below threats below 109.92 in short term forecast….. Minor resistance around 108.80 levels…

Note: U.S ISM Non-Manufacturing PMI may bring a selling opportunity…blank


XAUUSD 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: Minor support 1325)…

Note: U.S ISM Non-Manufacturing PMI may bring a buying opportunity…blank


WTI Crude Bullish With Risk To The 50.15 Levels…

As long as 47.62 support holds on a daily closing basis, the WTI Oil remains bullish with risk towards the 50.44 levels, a halt is likely and a reversal may occur from here, but a breakthrough that level will extend gains towards the 51.32 levels, further upside resistance comes at the 51.94 levels ahead of the 52.69 levels.

On the downside, below 47.62 sees a fall risk to the 50.80levels ahead of the 44.40/42.59 levels.

Conclusion: The WTI Oil continues to face upside threats above 47.62 levels in the short term forecast…

Note: U.S ISM Non-Manufacturing PMI may bring a buying opportunity…

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DONT Forget To Read This!

Forex Weekly Forecast Sept 04 2017

EURUSD, Faces Pullback Threats! As long as 1.1822 support holds on a weekly closing basis, the EURUSD remains on the upside in medium-term outlook with risk towards the 1.2069 levels, a halt is likely but a break will extend gains towards the 1.2569 levels where another fall is likely, above 1.2569 will pave the way […]

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