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Forex Analysis: Key Levels – Major Pairs, Gold, Bitcoin – 27 Sep 2021

Check the weekly forex analysis and top events in the financial markets.

  • 27th Sep – US – Durable Goods
  • 28th Sep – GBP – Governor Bailey Speech, AUD – Retail Sales, US – Consumer Confidence
  • 29th Sep – EUR, GBP, JPY, USD – ECB Forum on Central Banking
  • 30th Sep – US – Gross Domestic product & Unemployment Claims1st Oct – CAD – Gross Domestic product & US – ISM Manufacturing PMI

For more insights check our weekly market outlook to review the top events of the economic calendar.

Forex Analysis

Technical analysis and trade ideas for the major currency pairs, gold, and Bitcoin, can be used to establish suitable objectives and manage risk by identifying regions in a chart where the price is expected to approach.

  • EURUSD, I’m expecting a break of 1.17500 level and will rise to test the 1.18000 level.
  • GBPUSD, If the price managed to close above the 1.36800 level any of these days, then there is a high probability for the market to rise to test the 1.37600 and 1.38000 levels.
  • AUDUSD, I’m expecting a break of 0.73000 level and if that happens then the next level for the market to test is the 0.74000 level.
  • NZDUSD, I’m expecting a rise from the current level to test the 0.71000 level. 
  • USDCHF, If the price managed to close below the 0.92000 level any of these days, then there is a high probability for the market to drop further to test the 0.91500 level.
  • USDCAD, if the price manages to break the 1.26000 level then there is a high probability for the market to drop further to test the 1.25000 level.
  • USDJPY, there is a high probability for the market to drop to test the 110.300 level and if that level is broken then the next possible level will be 110.000 level.
  • GOLD, I’m expecting the market to rise again to test the 1780 level.
  • BTCUSD, I’m expecting a rise to test the 46200 levels and if that level is broken then the next possible level will be the 50000 level.
DISCLAIMER: The publication of market analysis is a marketing communication and does not constitute investment recommendations. This content provides a general views of our experts and does not consider the individual circumstances, investment experience or current financial situation. AximTrade is not liable for any losses incurred due to the use of analysis.
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. 

Learn more about technical analysis

Forex technical analysis is a very common method of forex analysis used by investors to analyze the financial markets. The main benefit of learning forex technical analysis is to identify the relationships between price/volume and market indicators such as the moving average and MACD, etc. Why technical analysis is important for forex trading? According to studies, most successful forex traders rely on technical analysis to study the market. In the forex market, traders can use forex analysis to analyze the major pairs, Gold, and cryptocurrencies.

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