TriumphFX Intraday Forex Analysis – 1 Hour Charts – September 19, 2019


 

AUDUSD – 1 Hour Chart

 

As suggested in yesterday’s chart analysis, price has been bearish and has moved lower. The AUDUSD is down-trending. The moving averages are bearish and widening, signalling that the downtrend may continue.

Selling opportunities could exist around the dynamic resistance of the moving averages, around the support and resistance areas of the recent bearish channel and around the horizontal levels at 0.6830 and 0.6850. A bearish move may be rejected or reverse around the horizontal levels at 0.6750, 0.6740 and 0.6690.

The Reserve Bank of Australia (RBA) has cut rates by 0.25% to 1.00% (a record low). The Australian economy continues to grow at a steady pace and produce positive economic indicators under low interest rates. The US Federal Open Market Committee (FOMC)  has cut rates by 25 points due to heightened concerns regarding the economy and ongoing trade tensions with China. The current Fed Funds rate is 2.25%.

A US manufacturing index figure will be announced at 1230 UTC today.

 

EURGBP – 1 Hour Chart

 

Price has been bearish (as suggested in yesterday’s chart analysis) and is now in a retrace move. EURGBP is down-trending. The moving averages are bearish and steady, signalling that the downtrend could continue.

Shorting opportunities may exist around the dynamic resistance of the moving averages, around the trend resistance area and around the horizontal levels at 0.8900, 0.8945, 0.8975 and 0.8995. Price may find support around the recent lows at 0.8835.

Recent economic indicators for the UK have shown a slowdown in the British economy. The Bank of England (BOE) continues to hold interest rates at 0.75% – 50 base points higher than the 2016 & 2017 low of 0.25%. Brexit continues to add uncertainty to the UK economy, holding back any rate hikes and driving down the Pound. The European Central Bank (ECB) have cut economic forecasts, some economists predicting that Europe is heading for recession. The official rate continues to be at the record low of 0.00%. This is likely to stay unchanged until the 2nd quarter of 2020.

A UK retail sales figure will be announced at 0830 UTC today. The BOE will release a monetary policy summary and announce rates at 1100 UTC.

 

EURUSD – 1 Hour Chart 

 

As suggested in yesterday’s chart analysis, the EURUSD found support around 1.1015. Price continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they have been crossing frequently and are moving sideways.

Trading opportunities could exist around the identified horizontal levels at 1.0995, 1.1015, 1.1060, 1.1075, 1.1080 and 1.1105.

The European Central Bank (ECB) have cut economic forecasts, some economists predicting that Europe is heading for recession. The official rate continues to be at the record low of 0.00%. This is likely to stay unchanged until the 2nd quarter of 2020. The US Federal Open Market Committee (FOMC)  has cut rates by 25 points due to heightened concerns regarding the economy and ongoing trade tensions with China. The current Fed Funds rate is 2.25%.

A US manufacturing index figure will be announced at 1230 UTC today.

 

GBPUSD – 1 Hour Chart

 

The GBPUSD has been finding resistance around 1.2505 (as suggested in yesterday’s chart analysis). Price has been moving sideways and is ranging between 1.2395 and 1.2505 (as also suggested in yesterday’s chart analysis). The moving averages are bullish and steady, signalling that the GBPUSD could move higher.

Trading opportunities may exist around the support and resistance areas of the range and if price moves out of the range (break-out trade). If price breaks to the downside, GBPUSD could stall or reverse around the horizontal levels at 1.2380, 1.2290 and 1.2260. Buying opportunities may exist around the moving averages and around the trend support area.

Recent economic indicators for the UK have shown a slowdown in the British economy. The Bank of England (BOE) continues to hold interest rates at 0.75% – 50 base points higher than the 2016 & 2017 low of 0.25%. Brexit continues to add uncertainty to the UK economy, holding back any rate hikes and driving down the Pound. The US Federal Open Market Committee (FOMC)  has cut rates by 25 points due to heightened concerns regarding the economy and ongoing trade tensions with China. The current Fed Funds rate is 2.25%.

A UK retail sales figure will be announced at 0830 UTC today. The BOE will release a monetary policy summary and announce rates at 1100 UTC. A US manufacturing index figure will be announced at 1230 UTC.

 

Hey I am so excited I found your blog page, I really found you by mistake,
while I was researching on Askjeeve for something else, Anyhow I am here now and would just like to say
many thanks for a tremendous post and a all round exciting blog (I
also love the theme/design), I don’t have time to
read through it all at the moment but I have saved it and also added your RSS feeds, so when I have time I will be back to read
a great deal more, Please do keep up the awesome work.

I think what you posted was actually very logical.
However, what about this? what if you wrote a
catchier post title? I ain’t suggesting your content
isn’t solid., however what if you added something to possibly grab people’s attention? I mean TriumphFX
Intraday Forex Analysis – 1 Hour Charts – September 19,
2019 – TriumphFX Analysis is a little boring.
You should peek at Yahoo’s front page and note how they write
article titles to get viewers to click. You might add a video or a picture
or two to grab people excited about what you’ve
got to say. In my opinion, it could bring your posts a little bit more
interesting.

What’s Going down i’m new to this, I stumbled upon this I’ve found It absolutely helpful and it has helped me out loads.
I’m hoping to contribute & assist other users like its helped me.
Great job.

I know this if off topic but I’m looking into starting my own blog and
was curious what all is needed to get setup? I’m assuming having a blog like
yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive.
Any recommendations or advice would be greatly appreciated.
Thank you

hello!,I like your writing so much! percentage we keep in touch extra about your post
on AOL? I need an expert on this area to solve my problem.

Maybe that’s you! Taking a look ahead to peer you.

I’m curious to find out what blog system you have been working with?
I’m having some small security issues with my latest site and I would like to find something
more safe. Do you have any solutions?

73 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *