USD/JPY Spot Daily Forecast – 21 September 2015

USD/JPY Spot Daily Forecast - 21 September 2015
USD/JPY Spot Daily Forecast - 21 September 2015
USDJPY outlook quite negative again with first support at 119.80/75. A break below adds pressure to target 119.50 then 119.40/35. Outlook is negative so further today losses meet support at 119.10/05 for profit taking on shorts again. 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.

http://www.daytradeideas.com

usdjpy2usdjpy3

Gold Spot Daily Forecast – 21 September 2015

Gold Spot Daily Forecast - 21 September 2015
Gold Spot Daily Forecast - 21 September 2015
Gold strong resistance at 1140/41 for a selling opportunity again today. A good chance this will hold the bear trend bounce but shorts need stops above September high at 1147. Be ready to buy an unexpected break above here to target 1151/52 for an excellent selling opportunity.

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.

http://www.daytradeideas.com

gold1gold2

GBP/USD Daily Forecast – 21 September 2015

GBP/USD Daily Forecast - 21 September 2015
GBP/USD Daily Forecast - 21 September 2015
GBPUSD first support at 1.5520/15 & the best chance of a low for the day again today. Buy here, stop 1.5490. However be ready to sell a break below 1.5490 to target 1.5480 then support at 1.5455/50. We should at least pause & may see a bounce from here but buying in to longs is risky. Be ready to sell a break below if not already short to target better support at 1.5405/00. Buy here, stop 1.5375. Target1 @1.5440, T2 @1.5470 then 1.5495.

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.

http://www.daytradeideas.com

gbpusd1gbpusd2

EUR/USD Spot Daily Forecast – 21 September 2015

EUR/USD Spot Daily Forecast - 21 September 2015
EUR/USD Spot Daily Forecast - 21 September 2015
EURUSD first resistance at 1.1320/25 & holding below here keeps the outlook negative. However a break above 1.1340 triggers a recovery to 1.1370/75. Try shorts with stops at 1.1390. Be ready to buy a break above 1.1400 to target 1.1460/70 for an excellent selling opportunity once again.

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.

http://www.daytradeideas.com

eurusd2eurusd3

AUD/USD Spot Daily Forecast – 21 September 2015

AUD/USD Spot Daily Forecast - 21 September 2015
AUD/USD Spot Daily Forecast - 21 September 2015
AUDUSD outlook more negative with 7185/90 the key to direction. If we manage a bounce look for first resistance at 7220/25 which could hold a rally but above here strong resistance at 7255/60. Sell here expecting another high, stop 7290. Target1 @7220, T2 @ 7190 then 7160.

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.

http://www.daytradeideas.com

audusd2audusd3

USD/JPY Spot Daily Forecast – 18 September 2015

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.

Written by: http://www.daytradeideas.com

usdjpy1usdjpy2

S&P September contract Daily Forecast – 18 September 2015

S&P September contract Daily Forecast - 18 September 2015
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.

Written by: http://www.daytradeideas.com

s&p2s&p3

Gold Spot Daily Forecast – 18 September 2015

Gold Spot Daily Forecast - 18 September 2015
Gold Spot Daily Forecast - 18 September 2015
Gold beat 1124/25 to hit the next target 1132/33 & topped exactly here. Outlook still quite positive so be ready to buy a break above 1135 to target strong resistance at 1140/41 for a selling opportunity. A good chance this will hold the bear trend bounce.

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.

Written by: http://www.daytradeideas.com

gold2gold3

GBP/USD Daily Forecast – 18 September 2015

GBP/USD Daily Forecast - 18 September 2015
GBP/USD Daily Forecast - 18 September 2015
GBPUSD outlook negative for today with 1.5565/60 the key to direction. Holding below targets first support at 1.5520/15 & the best chance of a low for the day. Buy here, stop 1.5490. Target 1.5555. However be ready to sell a break below 1.5500 to target 1.5480 then good support at 1.5455/50. Try longs with stops at 1.5430.

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.

Written by: http://www.daytradeideas.com

gbpusd2gbpusd3

EUR/USD Spot Daily Forecast – 18 September 2015

EUR/USD Spot Daily Forecast - 18 September 2015
EUR/USD Spot Daily Forecast - 18 September 2015
EURUSD has hit & held 1 month trend line resistance but this level is higher today at 1.1465/70. Therefore this is the main challenge for bulls. Sell here, stop 1.1505. Target1 @1.1430, T2 @1.1390 then 1.1330. However be ready to buy an unexpected break above 1.1500 to target 1.1520/25 then 1.1540. If we continue higher look for 1.1560.

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.

Written by: http://www.daytradeideas.com

eurusd1eurusd2

Dax September contract Daily Forecast – 18 September 2015

Dax September contract Daily Forecast - 18 September 2015
Dax September contract Daily Forecast - 18 September 2015
Dax unable to follow US markets higher. I am increasingly concerned about a sharp move to the downside now. Holding below 10,180/170 targets the best support for the day at 10,070/060. *This must hold the downside or bulls are in trouble.* BE READY TO SELL A BREAK BELOW HERE to target 10,000. A break below this psychological number adds pressure to target 9955 then 9925/15 & September lows at 9885.

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.

Written by: http://www.daytradeideas.com

dax2dax3

AUD/USD Spot Daily Forecast – 18 September 2015

AUD/USD Spot Daily Forecast - 18 September 2015
AUD/USD Spot Daily Forecast - 18 September 2015
AUDUSD first resistance at 7185/90 could hold a rally today. Try shorts with stops at 7220. However be ready to buy a break above to retest stronger resistance at 7255/60. Sell here expecting another high, stop 7290. Target1 @7220, T2 @ 7190 then 7160.

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.

Written by: http://www.daytradeideas.com

audusd1audusd2

USD/JPY Spot Daily Forecast – 17 September 2015

USD/JPY Spot Daily Forecast - 17 September 2015
USD/JPY Spot Daily Forecast - 17 September 2015
USDJPY beat 120.50 as we edge closer to strong resistance at 120.85/90 today. Try shorts expecting a high for the day, with stops at 121.10. An unexpected & SUSTAINED break above 121.15 is much more positive for today however & a close above 120.90 would be the first time for September. Be ready to buy a break above 121.15 to target last week’s high at 121.32. If we continue higher look for 2 week highs at 121.74. Just be aware of strong Fibonacci resistance & 2 weeks highs at 121.91/122.01.

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.

Written by: http://www.daytradeideas.com

Usdjpy 2Usdjpy 3

S&P September contract Daily Forecast – 17 September 2015

S&P September contract Daily Forecast - 17 September 2015
S&P September contract Daily Forecast - 17 September 2015
Emini S&P strong resistance at 1999 is key to direction in the medium term. Our shorts need stops at 2005. Bear in mind a break & close above 2000 would be a short term positive signal for this week & we could accelerate gains to 2016/18. If we continue higher look for 2024/25 then 2029/30. Exit longs here & try shorts up to strong resistance at 2035. *This is a major longer term resistance.*

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.

Written by: http://www.daytradeideas.com

SP 2SP 3

Gold Spot Daily Forecast – 17 September 2015

Gold Spot Daily Forecast - 17 September 2015
Gold Spot Daily Forecast - 17 September 2015
Gold strong resistance at 1124/25 is key to direction as we become overbought short term. Sell here, stop 1128. Target1 @1119, T2 @1116. However be ready to buy a break above 1128 to target 1132/33. If we continue higher look for 1136 then strong resistance at 1140/41 for a selling opportunity. A good chance this will hold the bear trend bounce.

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.

Written by: http://www.daytradeideas.com

Gold 2Gold 3

GBP/USD Daily Forecast – 17 September 2015

GBP/USD Daily Forecast - 17 September 2015
GBP/USD Daily Forecast - 17 September 2015
GBPUSD beat 1.5495/1.5500 unexpectedly but ran in to strong moving average resistance at 1.5525. We are getting overbought & the pattern lately is up one day down the next. If we turn lower today look for look for first target & support at 1.5485/80. Below targets 1.5453/50 which could hold the downside but further losses target 1.5430/25 then support at 154.05/00. Buy here, stop 1.5375. Target1 @1.5430, T2 @1.5450 then 1.5475.

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.

Written by: http://www.daytradeideas.com

Gbpusd 2Gbpusd 3

EUR/USD Spot Daily Forecast – 17 September 2015

EUR/USD Spot Daily Forecast - 17 September 2015
EUR/USD Spot Daily Forecast - 17 September 2015
EURUSD holding below first resistance at 1.1325/30 risks a slide to minor support at 1.1270/65. If we continue lower look for good support at 1.1230/25 but the outlook is more negative so buying here is more risky today & further losses target minor support at 1.1200/1.1195. Any further moves to the downside meet good support at 1.1150/45 & a bounce from here expected.

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.

Written by: http://www.daytradeideas.com

Eurusd 2Eurusd 3

Emini Dow Jones September contract Daily Forecast – 17 September 2015

Emini Dow Jones September contract Daily Forecast - 17 September 2015
Emini Dow Jones September contract Daily Forecast - 17 September 2015
Emini Dow Jones must now hold above 16,680 to prove yesterday was not a false break (as I suspect). First target is yesterday’s high at 16,770 but resistance at 16,795/810 is the main challenge for bulls today. We are getting overbought, so I do not trust the break higher yesterday & gains are likely to be limited today. However the reaction to FOMC is unpredictable so be ready to buy a break above 16,825 to target short term trend line resistance at 16,940. If we continue higher look for Fibonacci resistance at 17,010.

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.

Written by: http://www.daytradeideas.com

emini dow 2emini dow 3

E Mini Nasdaq September contract Daily Forecast – 17 September 2015

E Mini Nasdaq September contract Daily Forecast - 17 September 2015
E Mini Nasdaq September contract Daily Forecast - 17 September 2015
Emini Nasdaq retested crucial strong resistance at 4370/80. As stated yesterday the reaction here is important & will likely decide direction in to the end of the month. We need a wide stop above 4400 as this is such a major level. Only a break & CLOSE above 4400 turns the outlook positive in the slightly longer term & targets 4430/35 then 4450/55.

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.

Written by: http://www.daytradeideas.com

emininasdaq 2emininasdaq 3

Dax September contract Daily Forecast – 17 September 2015

Dax September contract Daily Forecast - 17 September 2015
Dax September contract Daily Forecast - 17 September 2015
Dax direction & unable to follow US markets higher. An open above 10,230/240 allows another recovery to resistance at 10,310/320. Watch for a high for the day. However a break above 10,340 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.

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.

Written by: http://www.daytradeideas.com

Dax 2Dax 3