[FOREX TIP] USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017

USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017

Technical Outlook: USDCHF posted a strong reversal off 0.9455 support last week. Price action managed to close above 0.9563 with Friday’s close briefly dipping back to this level. If USDCHF establishes support at 0.9563, we can expect some upside in prices in the near term. The long term resistance and target remains at 0.9861 which could eventually be tested in the near term. However, USDCHF remains range bound in the medium term with price action trading within 0.9861 and 0.9563. A breakout from this range will determine further direction in price.

Fundamental Outlook: After the Swiss national bank’s meeting last week, the economic data from Switzerland this coming week will see only the release of the SECO economic forecasts and the trade balance figures. Most of the heavy lifting will come from the events that could influence the USD. The FOMC meeting is due on Wednesday which could bring some volatilty to the Swiss franc as well. The Fed is expected to keep interest rates unchanged but could unveil its balance sheet normalization.

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USDCHF Weekly Forex Forecast – 18th to 22nd Sept 2017

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[FOREX TIP] USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017

USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017

Technical Outlook: USDJPY posted strong gains over the week but price action stalled after testing the resistance level of 110.91 – 110.66. We expect some consolidation to take place at this level. The bias remains to the downside as USDJPY could be seen falling back to 108.43. However, in the event that the U.S. dollar manages to break the resistance level, we can expect further gains that could put USDJPY on track for testing 113.00. To the downside, short term support is seen at 109.40 which could be tested but USDJPY could remain range bound in the near term within the mentioned resistance and the minor support level.

Fundamental Outlook: A big week for the Japanese yen as the Bank of Japan meets for its monetary policy meeting. The BoJ’s meeting is due on Thursday. No changes are expected from the BoJ at this month’s meeting. Interest rates are expected to remain unchanged at -0.10%. Focus will be on the BoJ’s forward guidance as always. No further easing expansion is expected as the BoJ maintains its QE purchased. Inflation forecasts will be under the scanner but there is scope for the BoJ to potentially come out with hawkish forward guidance, in line with most other central banks.

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USDJPY Weekly Forex Forecast – 18th to 22nd Sept 2017

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[FOREX TIP] EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

Technical Outlook: The EURUSD posted declines last week with the U.S. dollar seen making some recovery. However, by Friday’s close, price action managed to recover some of the declines. Closing on Friday near the support level of 1.1929, price action looks poised to push lower in the coming week. Immediate support is found at 1.1825 which is pending a retest. Further downside could be expected if EURUSD slips below this support in which case, EURUSD could be seen testing 1.1691. To the upside, if EURUSD maintains the current gains, we can expect another test back to 1.2060.

Fundamental Outlook: Economic data from the Eurozone this coming week will focus on the final inflation figures. According to the flash estimates, consumer prices in the Eurozone was seen accelerating in August. A confirmation of this could give a vote of confidence for the euro currency and the ECB as well. The German ZEW economic sentiment as well as the Eurozone economic sentiment data will be coming up this week as well. Into Friday, the flash PMI figures will be coming out for September. PMI figures in August were a bit mixed but still relatively pointed to a steady economic growth in the region. With the euro taking a backseat, focus will turn to the U.S.

Previous EURUSD Weekly Forex Forecast

EURUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

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The post GBP: 3 Reasons For Downside Risks But Won’t Fight Against N-Term Strength – Barclays appeared first on Forex Crunch.

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[FOREX TIP] How to Join a Bitcoin Mining Pool?

The post How to Join a Bitcoin Mining Pool? appeared first on Advanced Forex Strategies.

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