Thread: Shorts and long forecasts (majors)

The Fed meeting is in the center of attention today. Most likely the regulator will leave its interest rates at the same level. The central bank may highlight the time for the next monetary policy tightening. The probability of increasing the interest rate in December exceeds 95% now.


There were aggressive purchases on NZD/USD during the Asian trading session. This happened due to the publication of a positive report on the NZ labor market. Nevertheless, I don’t exclude a technical correction in future. I’ll open positions from key levels.


I’ll sell NZD/USD, if it fixes below the 0.6900 round level. It may move to 0.6875-0.6860.
I’ll open long deals, if the pair fixes above the 0.6925 local resistance. It may move to 0.6950-0.6975.
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The bullish sentiment prevails on USD/JPY. The price tests the 114.00 round level. I expect the further growth of this pair. The support for USD is provided by the growth of the US government bonds yield. I’ll buy USD/JPY, if its quotes fix above the 114.00 level. It may move to 114.30-114.50.
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Bears are dominating on USD/CAD now. The current technical pattern indicates the further correction. I’ll sell the pair after it fixes below the 1.2825 level. Take profit goal is at 1.2780. It may reach 1.2715 in the medium term.
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Aggressive sales were observed on AUD/USD during the Asian trading session. The price is testing the 0.7700 mirror support level now. I’ll open deals in the current trend direction and think that the pair has the potential for the further growth. I’ll buy AUD/USD when it fixes above 0.7710. It may move to 0.7750.
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The report on the US labor market is at the center of attention today. Experts expect the improvement of the key figure. The preliminary statistics from ADP was optimistic. I also recommend paying attention to the index of business activity in the non-manufacturing sector of the US from ISM. I expect high volatility on the market today and I won’t trade but just watch the market. The key levels:


EUR/USD
support: 1.1630, 1.1580
resistance: 1.1675, 1.1740
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USD/JPY
support: 113.75, 113.00
resistance: 114.30, 115.00
I’ll be back to trading next Monday, and wish you all nice profits!
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The US published mixed data on the labor market on Friday. At the same time, the index of business activity in the US non-manufacturing sector was positive. It supported the US dollar.
The bearish sentiment prevailed on EUR/USD and it is consolidating in the 1.1600-1.1620 range at the moment. I’ll sell the pair, if it fixes below the 1.1600 round level. It may move to 1.1550.
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USD/CHF is in the flat for quite a long time. The price is testing the 1.0035 key local support now. The triangle figure emerged, but it is not so strong. I expect the further growth of this pair and will buy it in case the quotes fix above 1.0035. The asset may move to 1.0050-1.0075.
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The Reserve Bank of Australia left the key interest rate at the previous level of 1.50% today. The central bank is concerned about the situation on the real estate market and the wages level. AUD/USD is dominated by bears now. I plan to open positions in the current trend direction. I’ll sell the pair, if the price fixes below the 0.7650 mark. It may move to 0.7600.
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Aggressive sales are observed on EUR/USD. It overcame the 1.1580 key support level. I expect the further drop. On the daily chart, the currency pair has a good potential for declining. I’ll sell it, if the price fixes below 1.1565. It may move to 1.1525-1.1500.
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