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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 28, 2020, here. Forex analysis, forecasts, trading signals, and commentary on major and exotic currency pairs. The RSI resistance #1 at 50 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.8997 on 07/22/2020, so more gains to resistance(s) 2.0255, 2.0765, 2.1035 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic ... FOREX Forecasts, Analysis & Daily market News. In this section of our site we publish a daily analysis of the forex market. As a rule, any trader gets into a situation where it is necessary to know the opinion of professional traders on the market situation. The EURUSD found a bid last week at 1.1610. While it may not be evident from the daily chart, a view of the monthly time frame going back to mid-2016 shows why 1.1610 is significant. However, the monthly chart also shows a bearish engulfing candle for September. That could trigger additional losses later this year.
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