FXOptimax Market Analysis

18th September 2017 Market Outlook


Swiss Franc Yen – CHF/JPY continue to rally higher after price rejected its 112.60 support level as we expected in our 30th August 2017 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher into its next resistance level at 118.40.

CHFJPYrDaily

 

Aussie Kiwi – AUD/NZD pullback into its 1.0960–1.0930 support area last Friday. Given that the longer term trend is still bullish, traders may consider buying into this market to ride on this bullish trend. Ideally we would prefer to see price rejections or any other form of confirmation before buying into this market to avoid false signals.

AUDNZDrDaily

 

Euro Pound – EUR/GBP had a sharp decline over the last few days and is currently trading at its 0.8760 support level. Price is likely going to see some bounces at this 0.8760 support level in the near term before continue to decline lower. If price is able to breakout below its 0.8760 support level, we are then likely going to see further decline coming into this market in the coming weeks.

EURGBPrDaily

Posted on 2017-09-18 06:30:42

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