Forex Daily Forecast

My take on USDCHF
Sept. 29
Forecast: LONG

Current Trend: Bullish
14 EMA: Bullish
20 EMA: Bullish
50 EMA: Bullish
- Previous EMA Crossover, 14 EMA over 20 EMA
- 20 EMA nearing 50 EMA for another possible Crossover to confirm the trend.

MACD: Bullish at 0.003053

Stochastic: Bearish
- above 80 and crossed downwards indicating a price pullback.

Although the Breakout momentum was broken at 0.92954 price level and creating a new 25 candles High, the price could still continue to be Bullish. Expecting current price pullback based on the Stochastic Indicator.

My take on USDCAD
Sept. 28
Forecast: LONG

Current Trend: Bullish
14 EMA: Bullish
20 EMA: Bullish
50 EMA: Bullish
Previous EMA Crossover
- 14 EMA over 20 EMA
- 20 EMA reaching for 50 EMA for a possible crossover

MACD: Bullish
Stochastic: Bullish
- with an indication of possible price pulling down.

Breaks the previous resistance level creating a new 25 candle High.

My take on EURUSD
Sept. 28
Forecast: SHORT

Current Trend: Bearish
14 EMA: Bearish
20 EMA: Bearish
50 EMA: Bearish
Previous EMA Crossover
- 14 EMA under 20 EMA
- 20 EMA reaching down on 50 EMA

MACD: Bearish at -0.002601

Stohastic: Bearish
- with possible pullback

Breaks previous Low at 1.16257 but with a slight pull-up.