The dollar showed an increase in U.S. Treasury Yields last week due to the possibility of the end of US-China Trade war. That came after the comment of President Trump on upcoming US-China Trade talks in October. Another factor adding in the U.S. Dollar Strength was a report of a possible ceasefire in Yemen by Saudi Arabia, created hope for a reduction in prevailing political tensions in the Middle East. On Sunday, Boris Johnson vowed that he would continue to stay as Prime Minister even if he failed to secure a deal to leave the European Union. He also said to his party that he would deliver Brexit on Oct 31 with or without any agreement.   The leading cryptocurrency continues it's bearish momentum following much inkling of a critical move. Bitcoin has undoubtedly taken a direction for the short-term dumping within the asymmetrical triangle support. Prevailing market price broke the $8,000 support and now looks poised to drop further. Bitcoin is now in a new trading range of 8200 - 7700. The 50 periods exponential moving average on the 4-hour chart is signaling selling trend in the BTC/USD. One of the leading technical tool, the Relative Strength Index (RSI) is steady at 77, entering in the bullish zone, suggesting odds of the buying trend in the BTC/USD. The BTC/USD is now having a current trading range of 8200 - 7720. The bearish breakout of 7700 can extend bearish rally until 7425. Support Resistance 7,727.14 8,447.94 7,372.57 8,814.17 6,651.77 9,534.97 Pivot Point 8,093.37 The BTC/USD continues to trade in a narrow trading range of 8,235 - 7,780. Sideways trading is expected today. A drop below 7,780 is likely to drive further selling until 7,460. Whereas, a bullish breakout of 8,200 can lead BTC/USD towards 8,595. During the previous week, EUR/USD closed at $1.09411 after placing a high of $1.09586. Overall, this pair showed a bearish trend last week. EUR/USD placed a new two-year low of $1.09038 at the end of last week. The pair continued to drop due to the strength of the US Dollar. Also, the US Dollar was out of control last week due to High U.S. Treasury Yields and the auspicious headline from US-China trade talks. That pushed the EUR/USD to a 2-year fresh low. At the beginning of last week, weak European Economic data related to French & German Manufacturing & Services PMI also created a selling sentiment in the market for EUR/USD. The possibility of Germany falling into recession is also making it hard for EUR/USD to pull its prices upward. Later, there was a lack of Economic releases from Europe for the rest of the week and made the movement of pair dependent on Strong U.S. Dollar. At the end of last week, the resignation of Sabine Lautenschlaeger from the executive board of European Central Bank in an act of protest against the decision of reviving quantitative easing and loose monetary policy by ECB's President Mario Draghi, caused further downward movement in EUR/USD. Support Resistance 1.0895 1.0954 1.0872 1.099 1.0814 1.1049 Pivot Point 1.0931 The EUR/USD is still trading in the bearish channel, which is providing it a substantial resistance at 1.0966. It's the same level which kept the EUR/USD supported during the previous week, and since it's violated, we may see this level extending resistance to the EUR/USD today. On the lower side, the targeted support stays at 1.0907 today. On Thursday, GBP/USD opened at 1.23504 and is currently moving at 1.23243 after placing a high of 1.23800 and low of 1.23029. GBP/USD showed mixed movement today as it has been moving in up and down throughout the day. On Wednesday, the pair dropped sharply due to U.S. Dollar strength. However, on Thursday the GBP/USD toned-down its losses due to the votes given by M.P.s against granting a mini-recess for Conservative Party Conference. However, the economic reports issued by the U.S. showing results as expected made it difficult for GBP/USD to create an upward trend. The release of whistleblower allegation on President Trump on Thursday also made U.S. Dollar weak and moved from GBP/USD up a little. The downward movement of GBP/USD was mainly due to the rise of political anxiety in the U.K. Parliament. The resisting calls for the resignation of U.K.'s President, Boris Johnson, gave the potential for early general elections and put pressure on Sterling. The Pound is likely to remain under pressure until there are hopes for political certainty. On Friday, the U.K. consumer Confidence index is due to release, in case of failure to impress the market, we may see Sterling trading further bearish. Under the ongoing Brexit uncertainty, the GBP/USD will remain biased to the downside. Even if the Consumer Confidence came positive, any political development could easily overshadow its effect due to the sensitivity of Sterling towards the events of Parliament. However, on the other hand, on 17;30 GMT the U.S. Final GDP, came as expected 2.0% along with GDP Price index as 2.4%. The U.S. Goods Trade Balance -72.8B came higher than expected -73.3B. U.S. Unemployment Claims 213K also came slightly more than expected 210K. The only data which was not in favor of USD was the preliminary Wholesale Inventories which came as 0.4% as compared to 0.1%. At 19:00 GMT, the U.S. Pending Home Sales came as 1.6% was in favor of U.S. Dollar. Investors almost ignored the U.S. data released on Thursday because all came as expected. The pair is showing signs of further downward trend because of persistent lack of development towards a Brexit deal settlement between E.U. & U.K. with a little over month time left for its Deadline. Support Resistance 1.2295 1.2368 1.2263 1.2409 1.2189 1.2482 Pivot Point1.2336 GBP/USD – Daily Forecast The GBP/USD has crossed below 38.2% Fibonacci retracement level of 1.2340 and currently, it's holding below this level at 1.2280. As shared in the previous forecast, such a scenario could lead the Cable further lower towards the 50% Fibo levels at 1.2270, and it's right on the spot. Today 1.2270 is a basic level, and below this, the GBP/USD may trade bearish until 61.8% Fibonacci retracement level of 1.2195. All the best for today.

On Friday, the U.S. dollar climbed to a three-week peak versus the basket of six major currencies. Most of the bullish trend was boosted by tightness in the money markets of the United States. Whereas traders came out of their positions in Euro due to intensified political tightness, and a depressing economic outlook pondered on the Sterling and Euro. Consequently, the dollar index, which gauges the buck's power against other currencies, traded bullish adding 0.16% at 99.2, its highest since Sept 3. Get ready for   The leading cryptocurrency continues it's bearish momentum following much inkling of a critical move. Bitcoin has undoubtedly taken a direction for the short-term dumping within the asymmetrical triangle support. Prevailing market price rests on $8,000 support but looks poised to drop further. Bitcoin is now in a new trading range of 8200 - 7720. The 50 periods exponential moving average on the 4-hour chart is signaling selling trend in the BTC/USD. The Relative Strength Index (RSI) is trading at 77, entering in the bullish zone, suggesting odds of the buying trend in the BTC/USD. The BTC/USD is now having a current trading range of 8200 - 7720. The bearish breakout of 7700 can extend bearish rally until 7425. Support Resistance 7,727.14 8,447.94 7,372.57 8,814.17 6,651.77 9,534.97 Pivot Point 8,093.37 The BTC/USD continues to trade lower amid a stronger dollar. The pair is trading at 7,980 after testing the support of around 7,790. Bitcoin recently violated the support level of 8,250, and now the same level is working as a resistance. Overall sentiment for the BTC/USD remains bearish. Therefore, the violation of 7,790 support can trigger more sell-off until 7,460. The market sentiment may change from next week as the BTC/USD seems to close a Doji candle on daily timeframe today, which has a potential to drive bullish retracement probably until 8,500 and 8700 area in the coming week. The EUR/USD opened at 1.09415 and placed a high of 1.09673. It is currently moving at 1.09284. On Thursday strong USD made EUR/USD weaker and on Thursday the drop of pair prices, despite robust EUR Economic data was likely to be followed by the yesterday's trend. However, the decline was caused by the resignation of Sabine Lautenschlaeger on late Wednesday. She resigned from the executive board of European Central Bank in the act of protest, against the decision of reviving quantitative easing and loose monetary policy by ECB's President Mario Draghi. The news caused Euro to hit a new low for this year against the dollar and made EUR/USD to move down further. On 11:00 GMT, The German GfK Consumer Climate came as 9.9 against expected 9.7 was in favor of Euro. On 13:00 GMT, the M3 Money Supply of Europe the same as 5.7% against 5.1% expected was also in favor of Euro. The Private Loans showed 3.4% figure the same as expected. On 17;30 GMT the U.S. Final GDP, came as expected 2.0% along with GDP Price index as 2.4%. The U.S. Goods Trade Balance -72.8B came greater than anticipated -73.3B. U.S. Unemployment Claims 213K also came slightly more than expected 210K. The only data which was not in favor of USD was the prelim Wholesale Inventories which came as 0.4% as compared to 0.1%. At 19:00 GMT, the U.S. Pending Home Sales came as 1.6% was in favor of U.S. Dollar. Investors almost ignored the U.S. data released on Thursday because all came as expected. EUR/USD pair rose at the beginning, but it was pulled back afterward. The EUR/USD moved high because of active EUR data release on Thursday, but when American data came on board, it started to fall again. Support Resistance 1.0895 1.0954 1.0872 1.099 1.0814 1.1049 Pivot Point 1.0931 The single currency Euro has violated the double bottom support level of 1.0945 and managed to close the daily candle below this level. It's suggesting further sell-off looming around 1.0945 area. Continuation of selling may lead the EUR/USD towards 1.0850 today. On Thursday, GBP/USD was opened at 1.23504 and is currently moving at 1.23243 after placing a high of 1.23800 and low of 1.23029. GBP/USD showed mixed movement today as it has been moving in up and down throughout the day. On Wednesday, the pair dropped sharply due to U.S. Dollar strength. However, on Thursday the GBP/USD toned-down its losses due to the votes given by M.P.s against granting a mini-recess for Conservative Party Conference. However, the economic reports issued by the U.S. with expected results made it difficult for GBP/USD to create an upward trend. The release of whistleblower allegation on President Trump on Thursday also made U.S. Dollar weak and moved from GBP/USD up a little. The downward movement of GBP/USD was mainly due to the rise of political anxiety in the U.K. Parliament. The resisting calls for the resignation of U.K.'s President, Boris Johnson, gave the potential for early general elections and put pressure on Sterling. The Pound is likely to remain under pressure until there are hopes for political certainty. On Friday, the U.K. consumer Confidence index is due to release, in case of failure to impress the market, we may see Sterling trading further bearish. Under the ongoing Brexit uncertainty, the GBP/USD will remain biased to the downward trend. Even if the Consumer Confidence came positive, any political development could easily overshadow its effect due to the sensitivity of Sterling towards the events of Parliament. However, on the other hand, on 17;30 GMT the U.S. Final GDP, came as expected 2.0% along with GDP Price index as 2.4%. The U.S. Goods Trade Balance -72.8B came higher than expected -73.3B. U.S. Unemployment Claims 213K also came slightly more than expected 210K. The only data which was not in favor of USD was the prelim Wholesale Inventories which came as 0.4% as compared to 0.1%. At 19:00 GMT, the U.S. Pending Home Sales came as 1.6% was in favor of U.S. Dollar. Investors almost ignored the U.S. data released on Thursday because all came as expected. The pair is showing signs of further downward trend because of persistent lack of development towards a Brexit deal settlement between E.U. & U.K. with a little over month time left for its Deadline. Support Resistance 1.2295 1.2368 1.2263 1.2409 1.2189 1.2482 Pivot Point1.2336 GBP/USD – Daily Forecast The GBP/USD has completed 38.2% Fibonacci retracement at 1.2340, and currently, it's holding below this level. Typically such scenario should lead the Cable further lower towards 1.2270, the 50% Fibo level. Today 1.2336 is a stable level, and below this, the GBP/USD may trade bearish, and it may turn bullish above 1.2340. All the best for today.

During the previous session, the U.S. dollar went dramatically bullish, putting gold and other rival currencies on to their knees. The greenback gained extensive support on Thursday as traders welcomed the U.S. President Donald Trump's indications of progress toward a trade agreement with China. Moreover, President Trump also doubted the possibility of an impeachment inquiry, making much progress in the short term. Consequently, the greenback posted its sharpest intraday gain in three months during the late New York sessions. However, it's trading sideways in Asian trade session today. A day before, the Bitcoin price made a sharp bearish move, sinking almost 16% from the daily open at $9,691 to a fresh low at $8,164. In the meantime, the BTC/USD price violated reliable support at $9,090 and broke out of a long-held trading range of 10,250 - 9,810. Let us recall, one of the major reasons behind such a massive fall in Bitcoin is that the traders pulled out around $30 billion from the market. Well, what's next? On the 4-hour chart, you can see the Bitcoin is now facing sturdy resistance at 38.2% Fibonacci trading level of 8656 The intraday Relative Strength Index (RSI) is trading at 44, still holding in the bearish zone, suggesting odds of the further bearish trend in the BTC/USD. The BTC/USD is now maintaining a new trading range of 8656 - 8200. Whereas, the bearish breakout of 8200 can extend bearish rally until 7975. Support Resistance 9,554.67 10,281.34 9,238.5 10,691.84 8,511.83 11,418.51 Pivot Point 9,965.17 The Bitcoin hasn't changed much after it's recent drop to 7761 area. Lately, the BTC/USD has tried to retrace back upward, but the 50% Fibonacci at 8767 area is keeping BTC under pressure. On the lower side, the BTC/USD may continue to gain support at 8240 area. While the bearish breakout could extend sell-off until 7800 zones. A day before, the EUR/USD opened at 1.10192 and is currently trading at 1.09456 after placing a low of 1.09373. It is showing a strong bearish trend today. Due to lack of data release from Europe Side, the movement of EUR/USD was decided by U.S. Dollar this day. US Dollar was in high demand today against Euro and other currencies because of its High Yield on 10-yr & 5-yr Bonds. The political disturbance in Washington due to President Trump's Impeachment by white house speaker, Nancy, was in highlights early this day, but after the call summary release, the U.S. Dollar demand further raised. At the same time, the statement by Trump about a deal between the U.S. and China for ending trade disputes soon released and heightened the upward trend of USD. All news in favor of U.S. Dollar on Wednesday along with high yields made the EUR/USD to move downward actively. At 19:00 GMT, the release about U.S. New Homes sales showed a sharp increase by 713K which were expecting as 652K made U.S. Dollar even more robust and EUR/USD weaker, causing its movement further down. On Thursday 26th September at 18:30 GMT, the ECB President Mario Draghi will speak which will affect the prices of EUR/USD. Support Resistance 1.0978 1.1074 1.0936 1.1129 1.0839 1.1226 Pivot Point1.1032 The major currency pair EUR/USD has formed a triple bottom pattern on the daily timeframe, which is extending its support around 1.093. The pair is expected to surge to complete 38.2% retracement at 1.0960, and above this level, it can also go after 1.0990. The GBP/USD pair opened at 1.24922 and is currently moving at 1.23562 after placing a low of 1.23474. After the failed attempt to suspend the parliament by the U.K. President, Boris Johnson, he was given with an almighty task to get the Brexit deal approved before 19 October, a deadline which was set by lawmakers. The supreme court ruled the act to suspend parliament as an unlawful act. Judges said that with the Brexit deadline 31st October ahead, it was wrong to delay the parliament and stop the M.P.s from carrying out their duties. Boris Johnson disagreed with the ruling by supreme court but said that he respected it. Johnson, who faced the calls to resign, will probably have to ask the European Union for another delay in 2019. That seems unavoidable because with the deadline coming in a few weeks it would be difficult to work out the Irish Border issue that soon. Boris is likely to call for general elections once again in the speech of parliament today. At 13:30 GMT, the High Street lending of U.K. showed that it was low in September as 42.6K from previous month's 43.3K made the sterling slightly weak today. However, the release of CBI Realized sales at 15:00 GMT, as -16 came greater than last month's -49 gave little strength to Pound. So, the economic data release had a muted effect on GBP/USD prices this day. Like all other currencies, GBP also faced the pressure of the U.S. Dollar, and the pair GBP/USD moved according to the stronger currency. The pair moved under pressure and fell to 1.23474 the lowest point in the past eight trading days due to strong USD. U.S. Dollar was in high demand on Wednesday due to increased yields, political disturbance in Washington from U.S. President impeachment and the comment by Trump on making a deal sooner to end the trade war between U.S. & China. Support Resistance 1.2382 1.2572 1.2292 1.2672 1.2103 1.2861 Pivot Point1.2482 GBP/USD – Daily Forecast The GBP/USD is also dipped 1.2340 level on stronger U.S. dollar. For now, the Cable has formed a tweezers bottom pattern on the 4-hour chart, which may drive a bit of bullish trend in the Cable. With that being said, the immediate bullish targets can be 1.2398, marking a 38.2% Fibonacci level. A bullish retracement is expected today. However, the violation of 1.2340 can lead the GBP/USD to 1.2285. All the best for today.

On Wednesday, the U.S. dollar index that measures the dollar's strength against a basket of peer currencies surged 0.2% to 98.10. Traders are now looking for further developments in the United States after House Speaker Nancy Pelosi announced a formal impeachment probe into President Donald Trump. The risk appetite rose after Trump's trussed at Iran, along with oil-related geopolitical tensions in the Middle East, also sent yellow metal gold toward the $1,550 zone.   What a day for the bitcoin, the leading crypto fell dramatically to trade at 8,537.5, losing around -1227.1 and -12.57% for the day. Over the period of just 30 minutes, starting at 16:00 UTC on Sept 24, bitcoin prices fell beneath $8,000 — its weakest point since June 12 of this year. Besides, $30 billion has been pulled out of the market across 24 hours as traders attempted to close their trades amid a frenzied sell-off. On the 4-hour timeframe, the BTC/USD is now facing substantial resistance at 38.2% Fibo level of 8650 area. Sights are now steadily set on the 200-day moving average (MA) that would formally consider the inauguration of a fresh bear market should a firm close below $8,311 occur. Support Resistance 9,554.67 10,281.34 9,238.5 10,691.84 8,511.83 11,418.51 Pivot Point 9,965.17 The BTC/USD has violated and broken below the descending triangle pattern support of 9300 on the daily chart. It has placed a low of around 7761, while the support level stays at 7600 levels. For now, the bitcoin is likely to continue trading in a new trading range of 9300 - 7600. Technically, the BTC/USD has completed 50% retracement at 8765, and bullish breakout of this level can lead BTC towards 9040 area. Below this, 8500 and 8320 remain the support for BTC/USD.   The EUR/USD opened at 1.1022 and lost around -0.17% during the Asian session to trade at 1.0990. The pair was under pressure at the beginning of the new trading week due to weak economic data release about German & French PMI on Monday. However, today after the positive release about German Business Climate, the pair pulled back and started to move upward. At 13:30 GMT, the German Business Climate came as 94.6 for the month of September greater than 94.3 of August's improved the mood around Euro and created a bullish trend for pair. At 19:00 GMT, the release of C.B. Consumer Confidence by U.S. based Conference Board Incorporation showed a figure of 125.1 in comparison of expected 134.1 weakened the U.S. Dollar hence, gave further strength to EUR/USD pair. The pair was under pressure for past two consecutive days, but the economic data release related to EUR & USD on Tuesday came in favor of EUR/USD pair and created a robust bullish trend in the market. EUR/USD is currently trading at $1.10036 after placing a high of $1.10198. Despite all favorable economic data releases, Euro is still under pressure due to the presence of possibility for Germany to fall into recession and because of the emerging hopes for a substantial agreement between U.S. & China trade talks in the coming month. Support Resistance 1.0994 1.1035 1.0969 1.105 1.0928 1.109 Pivot Point1.1009 On the hourly timeframe, the EUR/USD is testing bullish trendline at 1.1000 area, which is likely to push it upward. The bounce off above 1.1000 level can drive buying until 1.1020 and 1.1045. Conversely, the violation of 1.1000 support can bring sell-off until 1.0985 and 1.0970. Bullish bias seems stronger above 1.1000, and bears can dominate below the same level today. The GBP/USD opened with1.24294. On Tuesday, the Supreme Court of the United Kingdom ruled that the shut down of Parliament by the government was illegal. This news gave hope to the idea of British leaving the European Union; as a result, the British Pound rallied. All of this was about the impending deadline of Brexit on Oct 31. In August, Boris Johnson, the Prime Minister of United Kingdom, vowed that U.K. would leave European Union on Oct 31 with or without any deal settlement with E.U. However, many lawmakers were against no-deal Brexit and wanted to stop it at any cost. Later, on Aug 28, Johnson announced the prorogation of Parliament to be executed until mid-October. Prorogation or discontinuing a session of Parliament is a power that can only be carried out by the Queen on the advice of prime minister. On Sept 10, the Parliament was suspended on the basis that Johnson has advised the Queen about prorogation, so it was legal. The rivals claimed that prime minister was trying to stop the opposition through such action. However, Johnson insisted that it was just an act of following standard procedures for a new leader. However, the supreme court decided today that Boris Johnson acted illegally, and the shutdown of Parliament was unlawful. The market immediately reacted to a court decision on Tuesday, and the British Pound gained strength after the pressure of two consecutive days. At 13:30 GMT, the data release about U.K. public sector net borrowing showed the amount of 5.8B which was expected as 6.5B, also gave strength to Sterling. At 19:00 GMT, the release of C.B. Consumer Confidence by U.S. based Conference Board Incorporation showed a figure of 125.1 in comparison of expected 134.1 weakened the U.S. Dollar hence, gave further strength to GBP/USD pair. The pair is currently trading at 1.24781 after placing a high of 1.25026. Support Resistance 1.2436 1.2526 1.2381 1.2559 1.2291 1.2648 Pivot Point 1.247 GBP/USD – Daily Forecast The GBP/USD has tested 1.2500 area and now its heading towards 1.2470 support area. The bearish breakout of this level can extend it's selling until 1.2446 today. It's likely to be B to C level for the Cable. While C to D wave is expected to initiate from 1.2445 area to meet 1.2535 area. All the best for today.

A day before on Monday, the dollar spiked higher while global shares slipped as European stock indices clocked their severest day in a month after dark business activity figures in Europe escalated the fears of a potential recession. On Tuesday, the single currency euro is trading into losses after soft economic figures on German manufacturing knocked down the trader's confidence. Whereas, the greenback found broad support as investors watched for indications of progress from Sino-U.S. trade negotiations. The BTC/USD seems to have violated the support level of 9,800 as it trades at 9,700 area during the Asian session. Lately, the leading cryptocurrency pair fell dramatically from 10,000 trading area to 9,600 zones. On the 4-hour timeframe, the BTC/USD is facing support at the "double bottom" level of 9,600. Closing of BTC/USD above this level is signaling chances of a bullish reversal. Below this, the BTC/USD has a probability of going after 9,475. The relative strength index is finally peaking out of the oversold zone, suggestings odds of a bullish retracement in the BTC/USD today. On the chart, you can also see the Fibonacci indicator. The BTC/USD may gain bullish momentum until 38.2% Fibo levels at 9,785 while above this 50% Fibo level will be extending resistance at 9,850. Support Resistance 9,554.67 10,281.34 9,238.5 10,691.84 8,511.83 11,418.51 Pivot Point 9,965.17 Bitcoin's medium-term range continues to be the same 9297 - 10250. However, the BTCUSD bearish rally hit previously suggested target level of 9565 area. For now, the previously violated 9816 support is likely to work as a resistance. On the lower side, the closer support is expected to be found at 9565 and 9350 zones. A day before, the EUR/USD pair opened with $1.10120 and has placed a low of $1.09660. Most of the selling triggered on weaker than expected economic data. The French Flash Services PMI came as 51.6 which were supposed to be 53.1. At 12:30 GMT, German Flash Manufacturing PMI came as 41.4 which were expected to be 44.6. The German Flash Services PMI came as 52.5 and were supposed to be 54.3. The Purchasing manager’s Index (PMI) summarizes the market conditions from the viewpoint of purchasing managers. It tells about the prevailing directions of economic trends in both the manufacturing & service sectors. These sectors cover more than about 2/3rd of the economy and the data about PMI released today showed that both French & German’s private areas are weakening. This data release also raised concerns over the odds of the German economy falling into recession. The weak euro caused EUR/USD to fell after the data release and created a bearish trend for the pair at the beginning of the new week. At 18:00 GMT, European Central Bank’s President, Mario Draghi said that the growth momentum of the Eurozone has slowed significantly more than expected. He said that under current uncertain geopolitical circumstances the international trade has become weaker and causing the slowdown of Eurozone’s economic growth. He mentioned that there was a need for accommodative monetary policy in the current uncertain period. He also mentioned his concerns by saying that if the global political and trade situations remained the same for a more extended period, they could affect the growth of other sectors of the economy as well. Draghi repeated that European Central Bank would adjust all its instruments if needed because such an uncertain period demands a stronger contribution of fiscal & monetary policy. After ECB President’s speech, the pair rebound a little and took the price to $1.09954. At 18:45 GMT, the U.S. Flash Manufacturing PMI came as 51.0 which were expected to be 50.3; the secure data release made the USD move upward, causing the EUR/USD pair weak. The pair is currently trading at $1.09892. Support Resistance 1.0978 1.1074 1.0936 1.1129 1.0839 1.1226 Pivot Point1.1032 The EUR/USD continues to farm lower's low and lower's high, suggesting a bearish bias among traders. With that being said, the EUR/USD pair is likely to trade bearish below 1.0999 area. The bullish breakout can lead its prices towards 1.1025 area. On the lower side, the bearish targets are likely to be 1.1.0965 and 1.0930. Yesterday, the GBP/USD opened at $1.24644 and had placed a low of $1.24124 by the end of the day. The pair is showing a downward trend today. In last week GBP/USD moved in mixed directions due to both currencies’ healthy behavior. Sterling strengthened last week due to the speculation about the possibility of a new Brexit deal by the UK government. However, the statement by Irish official that both sides EU and UK were far away from making a deal weighed the growth of EUR/USD pair at the end of the week. Hence it closed the market last week in a bearish trend. Ahead this week, Mark Carney, Bank of England Governor, will be making a speech on Thursday, 26th Sept. at 18:45 GMT. Traders will be looking forward to his speech as it can affect the pound directly. The USD was also stronger last week as the demand for a single currency was high because of prevailing geopolitical tensions and China-US trade-related issues. US Dollar is considered safe money in safe-haven circumstances, so its demand rose in previous weeks. Saudi Arabia and Iran tensions, along with the refusal of the Chinese delegate to visit US farms, created a safe-haven sentiment in the market. The release of Flash Manufacturing PMI at 18:45 GMT as 51.0 was higher than expected strengthened the US dollar and made the pair GBP/USD to move downward. The pair is currently trading at $1.24318. The lack of release of critical economic data related to GBP next week shows, that the pair GBP/USD will be moving forward in a direction set by the geopolitical situations & international trade relations for now. Any development in the Brexit deal could also influence this pair highly in the future as the upcoming talks between the UK and EU are due in the coming days. Support Resistance 1.2382 1.2572 1.2292 1.2672 1.2103 1.2861 Pivot Point 1.2482 GBP/USD – Daily Forecast As forecasted, the GBPUSD traded bearishly below 1.2570 area, and it had already hit the support level of 1.2435. For now, the Cable may find an immediate resistance at 1.2415, and below this, the GBP/USD may fell deeper towards 1.2395 area. On the upper side, resistance stays at 1.2440, and bullish breakout may lead this pair towards 1.2465 and 1.2480. All the best for today.

On Monday, the U.S. dollar is supported as the market's appetite for risk cautiously restored following discussions in Washington between U.S. and China. Investors feel more confident about the market, primarily because the trade talks are described as "productive." The greenback overtook against the safe-haven yen but trimmed lower against the trade-exposed forex currencies, for instance, the Australian and New Zealand dollars, which surged on the wary risk-on mood. Today's one of the major highlights includes the ECB President Draghi Speech which may help us drive some movements in the market. During the previous week, there were big moves in BTC/USD which finally fell below the $10,400 resistance area against the U.S. Dollar. The BTC/USD dipped distinctly beneath the $10,000 support level to test the $9,650 point. Lately, the leading crypto pair bounced off over the $10,000 and $10,200 trading zones. Nevertheless, the price fought to shatter the $10,400 resistance zone and the 100 SMA. Consequently, the BTC/USD formed a double top pattern of around $10,083 area and closed candles below this. Now the same level is driving the bearish trend in the BTC/USD. Support Resistance 10,054.17 10,218.93 9,977.28 10,306.8 9,812.52 10,471.56 Pivot Point 10,142.04 Despite volatile session, the BTC/USD continues to trade in the same trading range of 9297 - 10250. BTC/USD is trading at 9957 right now, with immediate support at 9816. A bearish breakout of 9816 can extend bearish rally until 9565. While on the upper side, 10250 remains the key resistance level. On Friday, EUR/USD closed on $1.10187 after placing a low of $1.09962. The overall trend of this pair remained bearish on the closing day of the week. This pair showed many ups and downs during last week and had no consistent movement. On Friday, September 20 at 11:00 GMT, there was a release of German Producer Price Index (PPI) which came in negative as -0.5% as compared to the forecast 0.0%. It caused the pair movement towards downward making it short sell at closing day. Another reason for EUR/USD Pair to move downward was the rise of U.S. Dollar Index on Friday due to the hopes given by Fed Chairman Powell about no guarantee over further rate cuts. Fed cut interest rates by 0.25% on Wednesday last week but provided mixed signals over any future rate cuts. Support Resistance 1.0988 1.106 1.0956 1.1016 1.0885 1.1171 Pivot Point: 1.1028 The EUR/USD is forming a bearish setup below 1.1025 resistance area. We may see a bearish trend in EUR/USD if the pair manages to hold below 1.1025 area, with a bearish target of 1.0995. Whereas, the bullish bias can be seen over 1.1025 zones with an immediate goal of 1.1045. On Friday, The GBP/USD pair closed on $1.24670 after placing a low of $1.24590. The overall trend of pair for that day remained downward. Last week on Thursday, Jean Claude Junker, European Commissioner President said in an interview that there was still hope that U.K. and E.U. could make a deal to avoid a disorderly Brexit by the end of October. He also mentioned about the latest proposal from the U.K. to break the deadlock over "Irish Backstop." According to that proposal in future, Northern Ireland, a UK Province, would be likely to stay aligned with E.U. Regulations. This made the GBP currency to move upward on Thursday and created a bullish trend for the pair GBP/USD. In response to which on Friday, Simon Coveney, an Irish Foreign Minister called the progress mentioned by the U.K. as "spin" and said that there was still a "large gap" between E.U. and U.K. to make a deal. The latest proposals by the U.K. mentioned by Juncker were not legally binding, yet they do not meet the .. E.U.'s legal guarantee protocols. Support Resistance 1.2540 1.2544 1.2539 1.2547 1.2536 1 .2548 Pivot Point 1.2543 GBP/USD – Daily Forecast Sterling is facing a hard time crossing over 1.2570 area as it marks the double top pattern here. Whereas, the GBP/USD has also formed a tweezers top pattern which is adding further hurdles in for bulls. Below 1.2570, the GBP/USD may continue to trade bearish with immediate support at 1.2465 and 1.2435 areas. All the best for today.

The U.S. Dollar kept trading within a tight range, as investors were divided on the U.S. interest-rate outlook. The Dollar Index slipped 0.2% on the day to 98.34 on Thursday, and it moved to 97.847, losing 0.2% for the day. The British pound rose 0.4% to $1.2523 after media reported that European Commission President Jean-Claude Juncker expects a Brexit deal to be reached by October 31. The Bank of England held its benchmark rate unchanged at 0.75% as expected, reiterating that the future rate path would largely depend on the outcome of Brexit. U.K. official data showed that retail sales fell 0.2% on month in August (expected to be flat). On Wednesday when Federal Reserve cut the Interest rates by 0.25%, the Gold fell immediately. The Fed left traders with uncertainty about any further monetary easing as Fed Chairman Jerome Powell said that the cut was made to support the economy through weakened global growth and to boost the inflation and there was no guarantee over any further rate deductions. Gold was supposed to move in bullish trend after the fed decision and interest rates cut should have weakened the greenback. However, the lack of commitment towards further monetary easing by the Federal Reserve gives strength to the US Dollar and put pressure on Gold, making it shortly after the news. Two more Fed Policy meetings are remaining in October and December this year. The chances for further interest rate cuts are uncertain, or we can say they are 50% or less. Existing Home Sales and sufficient job numbers along with strong U.S spending are also strengthening the Dollar Index. On Thursday 17:30 GMT, US Unemployment Claims release showed 208K, which was less than expected as 210K on 19:00 GMT, the Existing Home Sales showed a figure of 5.49M which was expected as 5.39M. Further, Gold is likely to be showing moves after talks between the United States and China about the ongoing trade tensions. Traders were also looking over the possibility of a safe haven event after the evidence of Iran involved in the Saudi oil fields attack. However, on Wednesday when the U.S President Donald Trump said that sanctions would be announced soon instead of taking any military action, the possibility of a safe haven event also faded away with that. Gold is currently trading at $1498 and showing a slightly bullish trend for now. Support Resistance 1,505.65    1,506.15 1,505.45    1,506.45 1,505.15     1,505.65 Pivot Point: 1,505.95 XAU/USD – Daily Forecast Gold is consolidating in the widened range since the hawkish FOMC and Fed Rate Cute of 2.25% to 2% has come out. For the moment, it's range is 1, 510 - 1,485. The precious metal gold can trade upward upto 1509/10 today. Whereas, we can expect a selling somewhere around this level. Above 1510 area, the next target is likely to be 1,522. The euro edged up 0.1% to $1.1044 over a weaker dollar. Later today, the eurozone's Consumer Confidence Index for September will be released (vs. -7.0 expected). The interest rates were cut to a range of 1.75% to 2% by the US Federal Reserve on Wednesday (23:00 GMT) as expected. According to FED Chair Powell, the cut was made to support the economy through weakened global growth and to boost inflation. He also mentioned that there was no guarantee over any further rate deductions. This news made the currency pair moved down on Wednesday, but today there has been a move back higher after the traders changed their minds and adjusted with the Fed’s policy statement. However, there is still hope for further rate cuts by Fed this year because of mixed opinions of officials of Federal Reserve about easing the policy. According to Bloomberg, five of the officials wanted one more cut in interest rates this year, seven of them expected two more cuts and five expected no reduction by the end of the year. Support Resistance 1.1054 1.1057 1.1053 1.1059 1.1050 1.1061 Pivot Point 1.1056 The single currency Euro awaits the Eurozone's consumer confidence data. However, the pair is likely to stay bearish below 1.1070 and bullish above 1.1020 today. Let's trade the choppy sessions today. GBP/USD opened on Thursday with $1.24692; the pair is showing a bullish trend. Sterling is rising sharply after Jean Claude Juncker’s Sky News Interview. The latest Brexit headline has made the GBP/USD to move upward for around 50 pips. According to the European Commissioner President, Jean Claude Juncker, there is no need for Irish backstop if there are alternative arrangements. He said that as long as all of the objectives are met, he is very much prepared to get rid of the backstop from withdrawal agreement. He also said that he is doing everything to get a deal because a no-deal Brexit would be catastrophic. The interview suggested that there could be a deal by 31st October. GBP/USD has placed a high of 1.25599 after this news. Earlier today, the British pound fell initially, but then it started to move upward. However, it did not show the signs to break above the level $1.25 till Juncker’s interview. On Thursday 16:00 GMT, the official UK bank rates remain unchanged. Bank of England (BOE) held the interest rates on 0.75% as expected. The release of Retail Sales data on 13:30 GMT showed that monthly retail sales of UK have declined to -0.2%. On Wednesday 13:30 GMT, the inflation data of the UK revealed that it has dropped to 1.7%. The staff of BOE stated that they expect the inflation to stay below the 2% target until the end of the year. They also said that they would try to avoid the UK from falling into recession this year. Regarding USD, on Thursday 19:00 GMT, the existing home sales showed a figure of 5.49M which was expected as 5.39M & Natural gas storage came as 84B which were scheduled to be 75B. Support Resistance 1.2540 1.2544 1.2539 1.2547 1.2536 1 .2548 Pivot Point 1.2543 GBP/USD – Daily Forecast The Sterling has violated the ascending triangle pattern. This pattern was providing resistance at 1.2515, and now the same level is proving support to the Cable. Investors will be looking for buying trades above 1.2520 area to aim for 1.2600. All the best for today.

On Wednesday, the Greenback strengthened and traded around a seven-week high versus the yen, following the Federal Reserve slashes in the interest rates. The rate cut is done by a quarter of a percentage point, as anticipated, but gave an ambiguous viewpoint on future easing. On the other hand, the U.S. greenback reached session top against the yen following the Fed rate cute, standing in seven of the previous eight sessions. The U.S. Fed extended the nod to continuing global risks and "vulnerable" market investment and exports, therefore, the lowering interest rates by 25 basis points may help the U.S. economy getting a bit of stability. On Thursday, we have monetary policy decisions due from the BOE, SNB, and BOJ. It's going to be a busy day, so let's get prepared for it. Bitcoin is yet nearby the supply-demand junction area of $10,200 – $10,400. This region also includes the two major moving average lines: The 50-days and the 100-days. In the event of a bullish breakout of the triangle discussed previously and moving average ranges $10,500, we can assume the next critical point to be $10,800. Above this, we may see BTC going towards $11,000 resistance level. Let's say, if Bitcoin plans to violate the 11K level, the same level may work as a support, instead of resistance. On the bearish side, a decline of $10,200 (the prevailing price range) will carry Bitcoin to retest $10,000. Farther beneath is $9,875 and $9610 ere the notable supporting trend-line at $9410. The RSI is losing momentum, as it's showing bullish and bearish trends without a clear indication about the market. However, it's holding below the 50 bullish areas. Support Resistance 10,140.17 10,401.01 9,978.03 10,499.71 9,717.19 10,760.55 Pivot Point 10238.87 On Thursday, the BTC/USD continues to trade within the Symmetric Triangle Pattern, which is supporting it around 10,000 points along with resistance at 10,400. A bearish breakout can prompt sell-off unto 9910 area, and the bullish breakout is expected to promote BTC towards 10,500 and 10,700. On Thursday, the single currency Euro is trading lower versus the U.S. Dollar as traders are pricing in the latest release of the U.S. Federal Reserve’s interest rate decision, monetary policy statement and interest rate cuts. The Fed released the interest rates as assumed, lowering the federal funds rate by 25 basis points from 2.25% to 2% range. However, here the hawkish thing is that the two voting members voted for a no-change. The Fed's dot-plot exhibits that there are no additional interest rate cuts expected this year. Economic growth has undergone an inadequate upward review, although there remained no adjustments to inflation forecasts when related to June’s estimate. Technically, the pair is holding just above a substantial support area of 1.1020, and closing of candles above this level are indicating chances of a bullish reversal. This level is extended by the 61.8% Fibonacci retracement, which is suggesting odds of a bullish reversal above 1.1020 area. Whereas, below this, the EUR/USD may fall towards 1.0990. Support Resistance 1.0969 1.1058 1.0936 1.1115 1.0847 1.1204 Pivot Point 1.1026 The EUR/USD is likely to stay bullish above 1.1020 area, having placed the stop loss around 1.1000 and take profit around 1.1040 and 1.1065. The GBP/USD is trading around 1.2465 zones, not far from yesterday's opening price. Traders now seem to shift their focus on the Bank of England's interest rate decision. A day before, the British Pound trimmed lower after rising to a new six-week top on optimism for a last-minute Brexit agreement, while traders shifted their focus to the Bank of England conference which is due later today. The GBP/USD dropped 0.2% in early European trade to $ 1.2476, but that resulted in a modest increase on Tuesday to $1.2528 on the back of confidence that Prime Minister Boris Johnson was attempting to achieve a Brexit deal with the European Union ere the Oct. 31 deadline. The GBP/USD pair continues to trade the as ascending triangle pattern, which is supporting the GBP/USD above 1.2460, and the bearish breakout can lead its prices towards 1.2395 area. The RSI has entered the bearish zone, suggesting odds of a bearish trend continuation. The 50 periods EMA is staying at 1.2440 area and may provide an extra layer of support to the GBP bulls. Support Resistance 1.239 1.2471 1.2354 1.2516 1.2274 1.2597 Pivot Point 1.2435 GBP/USD – Daily Forecast I would be looking to stay bullish above 1.2435 support area to target 1.2500 and 1.2520 levels. While selling can be seen below 1.2430 regions today. All the best for today.

It's a big day, traders. The market has waited for this day since ECB cut the interest rate and now we have Federal Reserve monetary policy meeting. The U.S. dollar slipped in sideways trading on the verge of an anticipated cut in the U.S. interest rate by the Federal Reserve. Moreover, a drop in crude oil prices and stronger Euro are also weighing on the U.S. dollar. Lately, the crude oil prices slumped nearly 6% on Tuesday following Saudi Arabia's energy minister announced the Kingdom had wholly recovered its oil out. Consequently, the news managed to invert some of the dollar's gains.   Bitcoin hasn't changed much as investors continue to trade the crude oil fundamentals, ECB and now the focus shifts to Federal Reserve. The BTC/USD is trading in a tight trading range of 10,400 - 10,100 and still trying to determine the momentum, either bullish or bearish, above the $10,400 resistance area versus the Greenback. The latest wave was made around $10,280, but it's even below the previous swing high of around 10,480. On the technical front, the 50 periods moving average is showing the bearish bias of traders for the BTC/USD as its extending resistance at 10,250 area. Above this level, BTC may find strength at $10,437 level, the previous swing high. While support prevails around 10,170 and below this, it has a chance to fall further. Support Resistance 10,138.49 10,399.33 9,977.19 10,498.87 9,716.35 10,759.71 Pivot Point 10,238.03 BTC/USD is still trading in the Symmetric Triangle Pattern, which is supporting it around 10,000 level along with resistance at 10,400 level. A bearish breakout can drive sell-off until 99100 area, and the bullish breakout is likely to push BTC towards 10,500 and 10,700. The single currency Euro surged sharply to trade at 1.1070 area, as the U.S. dollar weakened ahead of FOMC meeting today. A day before, better than expected U.S. Industrial Production and Capacity Utilization disappointed to gratify the U.S. Dollar (USD) bulls. Moreover, the investors paid more attention to the better than anticipated data of the Germany ZEW Economic Sentiment, helping Eurozone gaining significant support. Technically, the pair is holding just below a solid resistance area of 1.1070, and closing of candles below this level are signaling to trigger a sell-off in the market. The Fibonacci retracement is suggesting odds of a bearish reversal below 1.1070 area, while the pair can go after 23.6% support area of around 1.1050 and below this 38.2%, Fibo level of 1.1040 will be on the radar. Support Resistance 1.1016 1.1101 1.0961 1.113 1.0876 1.1215 Pivot Point 1.1045 The EUR/USD is trading sideways, testing the intraday resistance level of around 1.1075, having formed a Doji candle on the 4-hour timeframe. It's suggesting chances of a bearish reversal in EUR/USD. On the lower side, support stays at 1.1020 and 1.9998. Violation of 1.1090 can drive strong bullish moves in EUR/USD today. The GBP/USD is trading around 1.2485 area, mostly following the bullish trend as investors felt optimistic about the Brexit delay and no Brexit deal. Besides, the U.S. dollar is also under pressure due to FOMC and Fed rate cut sentiments. The Sterling traded lower a bit early during the early Asian session on Tuesday, but it continued to find support around 1.2400 is along with resistance at 1.2520. While the GBP/USD hold's around 1.2500 regions, investors are confused about buying it as it looks too expensive at the moment. So there's a chance that people will wait for the FOMC and Fed rate decision before taking further bullish positions in the GBP/USD. Short term trend seems bullish for GBPUSD with an immediate resistance at 1.2510 area. The bullish breakout can lead the Cable towards 1.2570 today. Most of the moment depends upon the Federal Reserve today. The rate cut may drive the bullish trend, while no rate cut can drive sharp bearish movements in the market. The RSI is coming out of the bullish zone, suggesting chances of a bearish retracement. While the EMA has left far away around 1.2420, which is giving functional enough space for the retracement. Support Resistance 1.2392 1.2472 1.2355 1.2516 1.2274 1.2597 Pivot Point 1.2436 GBP/USD – Daily Forecast I will be considering to stay bearish below 1.2500 area to target 1.2460 and 1.2425 levels. While buying can be seen above 1.2525 regions today. All the best for today.

On Tuesday, the U.S. dollar index surged versus the basket of currencies. One of the primary reason was the U.S. President Donald Trump's permission of the utilization of an emergency crude inventories in reply to assaults on Saudi Arabian refining facilities reduced a rush in WTI crude oil prices. On the other hand, the safe-haven currencies such as Japanese yen and Swiss franc gave up much of their original gains. Investors felt less uncertain about the markets after crude prices started heading lower. Nevertheless, traders continued to be nervous about another assault, which is keeping the demand for safe-haven assets underpinned, along with the crude oil prices. Lately, the leading cryptocurrency strived to achieve bullish momentum above the $10,400 resistance area versus the Greenback. The last swing high was made around $10,437 right before the BTC/USD pair started a downside correction. On the technical side, it seems like the 61.8% Fib retracement level of the fresh drop from the $10,437 high to $10,270 low is working as a resistance. More specifically, there is a breakout pattern on the 4-hour timeframe with resistance near $10,400 on the hourly chart of the BTC/USD pair. In case, the bitcoin violates the trend line support around $10,300 along with the 100 periods EMA; we may see a further downward movement in the BTC/USD pair. Immediate support is around the $10,250 level, and the bearish breakout of this can extend bearish trend until $10,000. Support Resistance 10,138.49 10,399.33 9,977.19 10,498.87 9,716.35 10,759.71 Pivot Point 10,238.03 The leading cryptocurrency BTC/USD continues to trade in the Symmetric Triangle Pattern, which is supporting it around 10,000 level along with resistance at 10,400 level. A bearish breakout can drive sell-off until 9,910 area, and a bullish breakout is likely to push BTC towards 10,500 and 10,700. The EUR/USD currency pair slipped on Monday has traders seems to do profit-taking to settle at pre-ECB levels around 1.1000. The drop was triggered by a risk-averse sentiment which was driven from Saudi Arabia oil facilities attack during the weekend. It has affected up to 50% of the Kingdom's production. Secondly, the news that pressured the shared currency originated from the World Trade Organization, as the organization ordered in support of the U.S. in the case of unauthorized aids awarded to European aerospace Airbus. Concerns are that the U.S. will now inflict tariffs to E.U. goods for as much as $21billion. Lastly, the dovish ECB, which announced to deliver an asset purchase program of around EUR 20bn along with the negative interest rate, is also weighing on the single currency Euro. . On Monday, the single currency Euro took the slight bearish turn to complete the 61.8% Fibonacci retracement at 1.0959 area. Let's look at the technical side of the market below. Support Resistance 1.0971 1.1061 1.0938 1.1116 1.0849 1.1205 Pivot Point 1.1027 The EUR/USD traded lower to test the support level of around 1.0997 and has closed Doji candles here. It's signaling odds of a bullish reversal. We may see buying above 1.0997 until 1.1045 and 1.1075. However, the bearish breakout will lead EUR/USD towards 1.0935. The GBP/USD is trading around 1.2415 area, mostly keeping the bearish trend as investors seem to follow our previous forecast. It's mostly trading in line with our forecast of bearish retracement. Overall, the Sterling corrected on the downside on the back of a risk-off market. Traders reacted to a cocktail of negative national and international headlines at the start of what guarantees to be a fully loaded week for the British Pound. The Sterling traded mostly bearish against all significant rivals on Monday as traders left 'risk' assets and retreated to safety after a drone attack on a Saudi Aramco oilfield. The offense has sidelined around 6% of global output, stoking fears of a conflict in the Gulf. Investors will also be focusing on the BOE rate decision and Inflation figures later. Support Resistance 1.2392 1.2472 1.2355 1.2516 1.2274 1.2597 Pivot Point 1.2436 GBP/USD – Daily Forecast The Cable is trading slightly lower in the wake of bearish retracement which is likely to be completed around 1.2390 and 1.2368, the 50% and 61.8% Fibonacci retracement levels. These are the levels where we can expect a bullish reversal in GBP/USD. On the upper side, resistance stays at 1.2445 and 1.2485 areas. All the best for today.