Daily Forex & Indices Outlook

  • Daily Forex & Indices Outlook

     Admin updated 1 month ago 1 Member · 2 Posts
  • Admin

    Organizer
    September 19, 2020 at 7:03 am

    Get your Daily Outlook here

  • Admin

    Organizer
    September 19, 2020 at 7:22 am

    Daily Focus 19/9/2020

    The indices will look to sell further, but I believe they are going to have a pullback starting today.

    In the short-term, I will be trading trendlines and candlesticks, to scalp the markets. Keep in mind the markets are still influenced by :

    1. Elections

    2. Relief Fund is not yet in sight by the congress

    3. S&P500 has two spots to fill, and we all await to see if TSLA can fill in one of the spots.

    As expected, the markets sold off pretty much with the GBP and CAD. Definitely, a retracement is in order as traders will be looking to take profits.

    EURUSD did not move much, compared to its counterparts. Hence I believe it will have a larger pullback towards 1.1800 or 1.1830 level before we start to see USD rising again.

    GBPUSD, AUDUSD, I will short at the clusters

    USDCAD buy around the lower cluster levels.

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