Market Analysis – September 26, 2016

Hi, There are always potential opportunities in the Forex markets so get ready for another exciting week… Of course, the easiest way to take advantage of these opportunities are to subscribe to our signals, delivered directly to your inbox and mobile device. Here’s a quick summary of the market but remember that the market can change quickly and dramatically so it’s important to regularly monitor what’s happening with trades that you’re involved with. The video has more indepth insights but as of today, the following may provide some guidance to what the markets are more likely to do;

* GOLD: Long provided that price breaks & closes above 1345.39
* EURUSD: Long unless strong resistance at 1.1270
* GBPUSD: Short as long as it remains below the 1.3120 Macro Level
* EURGBP: Long provided price remains above 0.8636
* AUDUSD: Short unless it closes above 0.7676
* NZDUSD: Short unless it pushes up above 0.7369
* AUDNZD: Long provided price stays above 1.0492
* USDCAD: Long provided it stays supported above 1.3062
* USDCHF: Short as long as price remains below 0.9751

marketanalysis-sep26-2016

* USDJPY: Consolidating but long if price pushes above 101.65
* EURJPY: Long if price can push and remain above 113.61
* GBPJPY: Short as long as price remains within H4 downtrend
* AUDJPY: Consolidating but long if price supported at 76.19
* NZDJPY: Short provided that price remains below 73.18
* CHFJPY: Long while in current H4 uptrend
* CADJPY: Short unless a price pushes and remains above 76.78
* EURAUD: Long provided price remains supported above 1.4705
* GBPAUD: Short unless new 4-hour uptrend forms and price breaks above 1.7214
* EURNZD: Long while price remains above 1.5410
* GBPNZD: Long while 4-hour uptrend remains in place
* GBPCHF: Short while price remains below 1.2647
* AUDCAD: Long unless resistance at 1.0048
* EURCAD: Long while 4-hour uptrend in place
* GBPCAD: Short provided new 4-hour uptrend does not form and only while price remains below 1.7192

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Good trading & we’ll see you soon!

Regards,
The Traders Elite Team

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