Above 119.85 rescues bulls in the very short term & allows a recovery to 120.25/35 for a selling opportunity. Stop at 120.60. On a break higher look for another selling opportunity at 120.85/90, with stops above 121.10.
Author: Jason Sen
Gold Spot Daily Forecast – 21 September 2015
Minor support at 1135 but below here adds pressure to target better support at 1132/31. A bounce from here on the first test looks likely but the outlook is quite negative so a break lower eventually targets 1128 then good support at 1125/24 for profit taking on shorts. If we continue lower look for good support at 1120 which could hold the downside but we also have excellent short term support not far below at 1116/1115. Try longs with stops at 1111.
GBP/USD Daily Forecast – 21 September 2015
Holding first support at 1.5520/15 targets 1.5555/60, perhaps as far as resistance at 1.5600/05 for profit taking on longs. If we continue higher look for a selling opportunity at 1.5630/35, stop at 1.5665. Be ready to buy an unexpected break above here to target 1.5675/80 then 1.5715/20.
EUR/USD Spot Daily Forecast – 21 September 2015
Failure to beat resistance at 1.1320/25 keeps the pressure on for 1.1274/72 then minor support at 1.1260/55. If we continue lower look for better support at 1.1235/30. This is the best chance of a low for the day but longs need stops below 1.1210. Be ready to sell a break below 1.1200 to target 1.1170/65.
AUD/USD Spot Daily Forecast – 21 September 2015
Failure to hold above 7185/90 targets 7159/56 then first support at 7133/28. A bounce from here likely on the first test today, perhaps to 7150/55, even 7185/90 for a selling opportunity. However be ready to sell a break below 7120 to target 7090/85. Further losses meet good support at 7040/35 for an excellent buying opportunity this week.
USD/JPY Spot Daily Forecast – 18 September 2015
USDJPY trying a break below support at 119.85/80 this morning as I write so hold below here targets 119.50 then 119.40/35 for profit taking on some shorts. Outlook is negative so further today losses meet support at 119.10 for profit taking on any remaining shorts. Buying on support looks like a risky strategy today so be ready to sell a break below 119.00 to target strong support at 118.55/50. However this is an excellent buying opportunity.
Above 119.85 rescues bulls in the very short term & allows a recovery to 120.25/35 for a selling opportunity. Stop at 120.60. On a break higher look for another selling opportunity at 120.85/90, with stops above 121.10.
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S&P September contract Daily Forecast – 18 September 2015

Emini S&P we are looking to enter shorts on strength or sell a break below support. First support at 1193/92 but below targets better support at 1976/74. A bounce from here on the first test very possible. However be ready to sell a break below 1969 to target 1964, perhaps as far as 1960. I am concerned about a sharp sell of so just be aware that further losses target 1955/54 then strong support at 1948/46 but this could be an excellent short term buying opportunity.
Minor resistance at 1990/92 but a better selling opportunity at 1998/2000. Stop at 2006. An unexpected break higher however is a positive signal & targets 2015/16 then yesterday’s high at 2021. If we continue higher look for an excellent selling opportunity at 2033/35.
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Gold Spot Daily Forecast – 18 September 2015
Failure to beat minor resistance at 1132/33 targets good support at 1125/24. Buy here, stop 1119. Target1 @1132, T2 @1138. An unexpected break lower retests excellent short term support at 1116/1115. Try longs with stops at 1111.
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GBP/USD Daily Forecast – 18 September 2015
Above 1.5570 may allow a recovery to re-target 1.5625/30 for a selling opportunity. Stop at 1.5660. Be ready to buy a break above here to target 1.5675/80 then 1.5715/20.
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EUR/USD Spot Daily Forecast – 18 September 2015
The pair are overbought so risks are to the downside. First support at 1.1390/85 is key to direction & below here is a negative signal. First support at 1.1359/54 could hold the downside this morning, but be ready to sell a break below 1.1350 to target 1.1330/25. Exit shorts here & try longs at 1.1310/05, stop 1.1285. Target1 @1.1350, T2 @1.1380.
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Dax September contract Daily Forecast – 18 September 2015
OUTLOOK NEGATIVE & first resistance at 10,230/240 could hold a rally but above here look for a selling opportunity at 10,310/320. Shorts need stops at 10,350. A break higher targets 10,380/390 then 10,430. If we continue higher look for strong resistance at 10,495/505. Sell here with stops above 10,540. A break higher this week however could then target July lows & strong trend line resistance at at 10,650/660 for a selling opportunity.
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AUD/USD Spot Daily Forecast – 18 September 2015
Failure to beat first resistance at 7185/90 targets 7160/55 then first support at 7130/25. A bounce from here likely on the first test today, perhaps to 7150/55, even 7180/85 for a selling opportunity. However be ready to sell a break below 7110 to target 7085/80. Further losses meet good support at 7040/35 for an excellent buying opportunity.
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USD/JPY Spot Daily Forecast – 17 September 2015
Failure to hold above 120.50 keeps the pressure on for minor support at 120.05/00. This held the downside perfectly yesterday but below here today meets better support again at 119.85/80. Buy here, stop 119.60. Target1 @120.10, T2 @120.35. However be ready to sell a break below 119.60 to target 119.50 then 119.40/35 for profit taking. Further today losses meet support at 119.10 for profit taking on any remaining shorts.
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S&P September contract Daily Forecast – 17 September 2015
Failure to beat strong resistance at 1999 targets 1994 then minor support at 1985/84. We could at least pause here but further losses target better support at 1976/75. A low for the day certainly possible but look for key support at 1965/62. A BREAK & CLOSE BELOW HERE THIS WEEK IS A SELL SIGNAL.
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Gold Spot Daily Forecast – 17 September 2015
First support at target1 at 1119 has been hit but below here strong support at 1116/1115 could hold the downside. Try longs with stops at 1111. A break below here is more negative & targets 1108 then 1104. Further losses target 1101 then September lows at 1099/98.
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GBP/USD Daily Forecast – 17 September 2015
Be ready to buy a break above 1.5530 to target strong resistance at 1.5565/70. This could hold a rally initially but if we continue higher look for 1.5600/05. Exit longs & try shorts from here up to trend line resistance at 1.5615. Stop above 1.5635.
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EUR/USD Spot Daily Forecast – 17 September 2015
First resistance at 1.1325/30. We topped exactly here yesterday & could do so again today. However be ready to buy a break above 1.1345 for the next target of 1.1355/60 & perhaps as far as an excellent selling opportunity at 1.1385/90. Shorts need stops at 1.1410. Be ready to buy a break above here to target 1.1435/38 & perhaps as far as resistance at 1.1470/75. Sell here, stop 1.1505. Target1 @1.1435, T2 @1.1410.
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Emini Dow Jones September contract Daily Forecast – 17 September 2015
Back below 16,670 signals false breakout & in overbought conditions we could sell off quickly to 16,340/330 then support at 16,560. If we continue lower look for 16,500/490 then strong support at 16,430/420 for a buying opportunity.
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E Mini Nasdaq September contract Daily Forecast – 17 September 2015
Below 4370 is more negative & targets first support at 4355/50. If we continue lower look for next target & support at 4330/27. Any further losses however target 4310 then strong support at 4285/80.
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Dax September contract Daily Forecast – 17 September 2015
Below 10,230/240 keeps the pressure on & re-targets minor support at 10,180/170. We could bounce from here again but further losses retest the best support for the day at 10,070/060. *This must hold the downside or bulls are in trouble.* A break below 10,000 should signal the start of the next move lower in the bear trend. First target is 9925/15 then September lows & trend line support at 9885/9875 is quite strong & could hold the downside today at least. However below here we gain downside momentum for further selling pressure to target quite good support at 9780/70.
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