Forex forecasts and market outlooks

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14.10.2019 - 08.10.2019

AUD/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.8967). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.8976).

EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (117.16). The closest resistance level is Kijun-sen line (117.51).

GBP/NZD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level (1.9215). The closest resistance level is Kijun-sen line (1.9467).

EUR/GBP: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (0.8951). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9000).

CAD/CHF: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.7471). The closest resistance level is the upper border of the cloud (0.7490).

AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from below, current cloud is descending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (72.20). The closest resistance level is the lower border of the cloud (72.52).

Caixin Services PMI. China, 03:45 (GMT+2)

At 03:45 (GMT+2), the September data on the index of business activity in the service sector from Caixin will be published in China. The indicator reflects the state of business activity in the national non-manufacturing sector and is based on a survey of procurement and supply managers of leading national enterprises in all sectors of the service sector. At the same time, the attitude of procurement and supply managers to the current economic situation and the prospects for its further development is assessed. It is predicted that the index will remain unchanged at 52.1 points.