EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – September 27, 2017
EUR/USD
The market fell lower on Tuesday’s trade session, breaking the crucial 1.18 support level underneath. By breaking this level, the market has turned negative in the short term period. As experts are pointing towards the bottom out in US dollar and issue post-German elections in the European Union is weighing down the pair. Right now, the pair is looking towards the support near the 1.1750 level and then at 1.17 level eventually. …Read More
GBP/USD
The British pound was slightly negative in Tuesday’s session breaking below the 1.3450 level. The pair has not shown any signs of weakness in past couple of days and it is expected to hold the region. It has support near the 1.34 level and then at 1.33 level. The weakness in the market is seen a momentum building process to cross the 1.3650 level above. Going forward, any short-term pullbacks in the market should be a good buying opportunity if it stays above the 1.32 level. …Read More
Your capital is at risk
AUD/USD
The AUD fell significantly during the Tuesday’s session as markets turned uncertain. The support from gold prices is fazing out as the risk-off trades which supported the market from lower levels is getting booked. Right now, the pair is moving towards its next support level of 0.7750 underneath. The market is expected to remain weak until it crosses above the 0.80 level again with strong momentum. …Read More
USD/JPY
The pair rallied during the Tuesday’s session, breaking above the 112 level indicating strength in the market. This level continues to attract lots of attention from traders as it acts as a psychological barrier in the market. Given the noise in the market due to the geopolitical tensions and the election results has kept the market on toes. Going forward, the pair is expected to move higher towards the 114.50 level with 112 level underneath acting as a support. …Read More