Trading with Venus logo

Get FREE Trade ideas:


Market Analysis for September 16th, 2015

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Technical Analysis

Pair: EURUSD

Resistance: 1.1300, 1.1360, 1.1400, 1.1470, 1.1560, 1.1714
Support:  1.1214, 1.1170, 1.1080
Daily Bias: Bearish. Looking for pullbacks to sell. Look for areas of confluence for trade setup.

Daily Pivot: 1.1285
R1: 1.1312 S1: 1.1240
R2: 1.1355 S2: 1.1200

^27F3F751C141FE292444F848119D1B38E5497693C47F12E176^pimgpsh_fullsize_distr

Previous Day Highs/Lows

Date High Low
Sept 14 1.1328 1.1260
Sept 13 1.1371 1.1283
Sept 11 1.1348 1.1253

 

Pair: GBPUSD

Resistance:  1.5430, 1.5550, 1.5600, 1.5680, 1.5814
Support: 1.5330, 1.5250, 1.5180
Bias: Neutral to Bearish. The daily candle had a nice bearish close. However, the price held above the support level at 1.5327 which had proved to be a strong support level previously. Employment data out of the GBP was +ve, pushing GBP up. Looking for a retrace off the 1.5470 level. Look for areas of confluence for trade setup.

Exercise caution as we may see surprise/in-efficient moves due to thin liquidity conditions in the market ahead of FOMC meeting tomorrow.

Daily Pivot: 1.5376
R1: 1.5423 S1: 1.5300
R2: 1.5500 S2: 1.5250

 

Previous Day Highs/Lows

Date High Low
Sept 14 1.5470 1.5372
Sept 13 1.5473 1.5372
Sept 11 1.5461 1.5400

 

Exercise caution as we may see surprise/in-efficient moves due to thin liquidity conditions in the market ahead of FOMC meeting tomorrow.

Facebooktwittergoogle_plusredditpinterestlinkedinmail


Get the FREE “3 Steps to Consistent Forex Profits” guide

I will never give away, trade or sell your email address. You can unsubscribe at any time.