Technical Analysis market outlook September 25, 2016 Forex Market

Forex Trading For Profit

Technical Analysis market outlook 9-25-16

Technical analysis
No ratings yet.

Share on...


Technical Analysis

We will start off with the Kiwi which is one of my favorite pairs.

With only 5 days left on the M1 chart, price has been rejected off the long term resistance level of .74590 back in February 2005. (see chart).  We will wait and see how the rest of this week plays out and if the monthly candle finishes as a bearish pinbar we are likely to see a continuation of long term down trend. Volume does confirm that buyers lacked commitment towards the end of the past few months. This indicates sellers were waiting for entries. Current weekly and monthly price action does look to the downside.

Monthly NZD/USD

A closer look on the weekly chart following the shooting star price has failed to make a higher high indicating buyers are loosing interest. However price seems to be stalling at current levels. This was a former support in December 2014 though to March 2015. Price is still technically in a weekly up trend and we need to see price under .70 before we can call the end of the trend.

NZD/USD Daily Target range for this week

Friday’s close at .72438 was below current 4H resistance and price has broken and closed below the current uptrend line. This is indicating a bearish out look for the week ahead. Price is resting on June’s resistance. As always we are looking at two possible scenarios for this week. We either wait for a pull back to trend line then sell or we sell at current price.

For a target we will be looking at the green rectangle .71600 and .71300. Sl should be above .73800.

For a longer term target I have my eye on the 200 SMA . A break of the .71300 level and we could be looking at price back to the .69000 level.

Weekly NZD/USD   Daily NZD/USD

AUD/USD Technical Analysis

This pair is always full of surprises. With bearish fundamentals and a bearish technical out look at the start of last week, then just to end with a very bullish weekly candle.  I don’t see too much upside potential with the Aussie but it does look likely to test .77230 resistance level. (see chart).

I would like to see a close below the 200 MA before going short again.


On the Monthly

Price has respected the monthly trend line for the second time. Currently the monthly trend can be drawn in through  the peaks of January 2013, September 2014 and this current month. Price from here can either break the current trend line or continue the long term down trend.

The weekly chart shows a technical symmetrical continuation triangle (see chart). Watch for the .77230 level on the D1 chart. A close above this level could push prices to a new daily high. Essentially when price approaches either side of the triangle watch for volume expansion to look for conviction of the break.

I remain Bearish on the AUD and would be looking for a short signal this week potentially a close below 200 MA on the 4H chart.

AUD/USD weekly


The pound crashed though out last week and I did mention in a post 2 weeks ago key levels to watch @ 1.31815. I favored the upside but as soon as the pound broke the 4H 200 SMA priced crashed as expected and was a nice short entry.

The pound is now nested on support at 1.29700. It failed to close below support on the 4H and finished last week with a bullish pinbar indicating a good long entry point.

I still favor the upside to the pound and take a buy on the dips approach and at current levels is a good time to enter a long. We could see the pound back up to 1.32 during the week.




Currently I am still holding longs on E/A . Current set up still valid from technical analysis done on 10th of September inverse head and shoulders set up . I have gone long at 1.47046 and targeting 1.51800 – 1.52500 levels. Volume confirms buyers are more committed than sellers.

EUR/AUD daily

Price was rejected off the 200 SMA on the 4h chart.



Just remember Risk Management is king any questions please post in the comments section. 🙂

forex trading

Share on...

Please rate this

Leave a Comment

Be the First to Comment!

Notify of
Photo and Image Files
Audio and Video Files
Other File Types

Forex Trading For Profit

Forex TFP

A journey of a retail trader. How to trade on the foreign exchange market and make it a lifstyle.

Comodo SSL
  • Facebook logo
  • Twitter logo
  • YouTube logo
  • Linked in logo

We have been voted in the top 100 Forex Sites


Forex Trading

Forex Trading For Profit, a journey of a retail trader. This website has been set up for retail traders to give answers to those seeking the same information I was when I first started trading. Forex Trading For profit endeavours to bring the most informative approch to trading forex, and shows anyone can become a successful trader no matter what your background, with some dedication, study and determination. Trading CFD's and in the foreign exchange market is a high risk investment so please read the disclaimer.

DISCLAIMER: Any advice or information that has been presented on this website and related accounts on social media forums is only general advice and is not intended for you to invest your money solely based on its contents. By viewing the content on this site you agree that it’s for educational purposes only and will not hold the Author responsible for any loss incurred by the content herein and associated online accounts or paraphernalia. Forex Trading for profit nor do the Author('s) operate under an AFSL and any product or advice sold on this site is only bought or taken as an educational product or guide from my collective experience’s and knowledge trading forex. If you invest any money into forex you do solely at your own risk.

HIGH RISK WARNING: Trading CFD’s such as forex and/or on high leverage is a high risk investment and you must make yourself aware of the potential loses you may incur. Forex trading is not suitable for all investors and you have the potential to lose all of your deposited funds or more. Any opinions or analysis of the financial markets on this site is ONLY commentary in nature and does not solicitate investment advice. Please do not invest any money based on the advice given on this site or associated accounts nor invest money that you cannot afford to lose. Past performance of any trading system or method is not indicative of future results.

Privacy policy

What information do we collect?

We collect information from you when you fill out the form. When ordering or registering on our site, as appropriate, you may be asked to enter your: name, e-mail address or phone number. You may, however, visit our site anonymously.

What do we use your information for?
Any of the information we collect from you may be used in one of the following ways:

For contact purposes and conversing requirements between staff and client.

How do we protect your information?
We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, or access your personal information.

Do we use cookies?
We do not use cookies.

Do we disclose any information to outside parties?
We do not sell, trade, or otherwise transfer to outside parties your personally identifiable or business information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

Third party links
Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

Childrens Online Privacy Protection Act Compliance
We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.

Your Consent
By using our site, you consent to our web site privacy policy.

Changes to our Privacy Policy
If we decide to change our privacy policy, we will post those changes on this page.

Contacting Us
If there are any questions regarding this privacy policy you may contact us using the information below.

Back to top

© 2019 Forex Trading For Profit. · Disclaimer · Privacy policy