Forex Daily Forecast

My take on EURJPY Daily
Sept. 29
Forecast: SHORT

14 EMA: Bearish
20 EMA: Bearish
50 EMA: Bearish

MACD: Bearish @ -0.5752

Stochastic: Bullish
- Above 20 with crossover heading upward

Price is now consolidating and going sideways. Waiting to break the support level of the current 50 candles low for confirmation. You can see the strong resistance level at 123.199 ( **refer to H1 chart ). Waiting for the 122.369 support price level breakout because it already pushed the previous 25 candles low by several pips from above it.

My take on USDCHF
Sept. 29
Forecast: LONG

Current Trend: Bullish
14 EMA: Bullish
20 EMA: Bullish
50 EMA: Bullish
- Previous EMA Crossover, 14 EMA over 20 EMA
- 20 EMA nearing 50 EMA for another possible Crossover to confirm the trend.

MACD: Bullish at 0.003053

Stochastic: Bearish
- above 80 and crossed downwards indicating a price pullback.

Although the Breakout momentum was broken at 0.92954 price level and creating a new 25 candles High, the price could still continue to be Bullish. Expecting current price pullback based on the Stochastic Indicator.

My take on USDCAD
Sept. 28
Forecast: LONG

Current Trend: Bullish
14 EMA: Bullish
20 EMA: Bullish
50 EMA: Bullish
Previous EMA Crossover
- 14 EMA over 20 EMA
- 20 EMA reaching for 50 EMA for a possible crossover

MACD: Bullish
Stochastic: Bullish
- with an indication of possible price pulling down.

Breaks the previous resistance level creating a new 25 candle High.

My take on EURUSD
Sept. 28
Forecast: SHORT

Current Trend: Bearish
14 EMA: Bearish
20 EMA: Bearish
50 EMA: Bearish
Previous EMA Crossover
- 14 EMA under 20 EMA
- 20 EMA reaching down on 50 EMA

MACD: Bearish at -0.002601

Stohastic: Bearish
- with possible pullback

Breaks previous Low at 1.16257 but with a slight pull-up.

My take on AUDUSD
Sept. 28
Forecast: SHORT

Current Trend: Bearish
14 EMA: Bearish
20 EMA: Bearish
50 EMA: Bearish
Previous EMA Crossover
- 14 EMA under 20 EMA
- 20 EMA going straight down trying to cross the 50 EMA

MACD: Bearish at -0.002941

Stochastic: Bearish
- but giving an indication for a possible price pull-up.

Breaks the previous Low at 0.70154 but with a slight pull-up.