A1 Trading Company

September 12, 2020

Weekly Forex Forecast for AUDCHF, EURUSD, GBPUSD, XAUUSD (13-18 September 2020)

Bart Kurek

Hey everyone! Welcome to this weeks forex forecast for the week ending September 18th, 2020. I'm TraderBart with A1 Trading, and this week I'll be looking at AUDCHF, EURUSD, GBPUSD & XAUUSD.

AUD/CHF

Price is currently at this key level which was previously a resistance zone but we can now see price is treating it as support. We can see price has been respecting these levels, as looking at the arrows, we can see how many times price reversed after reaching these levels. Price is already showing rejection, as we can see a bullish hammer candle formed right before market close. Looking to possibly go long until 0.669, around 100 pips profit.

EUR/USD

This idea was posted last week, and I also sent this out to VIP members, we had TP1 hit already however I'm still holding to TP2. Price is currently at the support of the channel, still seeing some good rejection of the trendline, so I'm still expecting for price to continue the channel and make a move to the upside.

GBP/USD

Last week we saw price break through the support at 1.30, however zooming out into longer timeframes, we can see this strong ascending channel that price is currently moving in. Price is nearing the support of the channel, I'm looking out for price action confirmations of a rejection before going long on this pair, looking to catch the continued channel move.

XAU/USD

Looking at this symmetrical triangle pattern visible on Gold, we're still waiting on a clear break then retest before taking any desired position on this trade. I'm expecting XAU strength to continue and price retests previous highs at 2040.

A1 Edgefinder

AI- Generated Trading Setups
AI-generated bullish/bearish bias setups on forex currencies, gold, & indices.

Discount code: 'READER'

Access Now

Free

Trading Plan Template
Struggling to build a successful trading plan? Download our template to get started today!
Download
Expecting A Pullback

Today's economic figures came out in US and Canada. GDP came in higher than expected in Canada while the price of goods purchased by consumers was lower than last month. Here are some pullback ideas for USD and CAD from GDP and PCE numbers. EdgeFinder Analysis NAS100 is a bullish reading on the EdgeFinder still. […]

Read More
Traders Wait For More Inflation Data

This week has brought more inflation data with it regarding the USD's PCE and PMI numbers. Powell is also set to speak this Friday about monetary policy going forward. The RBNZ will also release their latest interest rate news tomorrow with expectations of an unchanged rate at 5.5%. EdgeFinder Analysis GBPUSD is a bullish bias […]

Read More
Trading Into PMI Data on EUR, GBP and USD

This week is a big PMI week for Europe, UK and US. Additional inflationary metrics will add to the overall sentiment of these countries' monetary policies going forward. Here are some setups for the coming week on these currencies. EdgeFinder Analysis GBPCAD is now a +7 on the EdgeFinder as we wait for CPI news […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
Signals
There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
homesmartphonelaptop-phonecrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram