FxWirePro: AUD/USD gains some ground but outlook is bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD drifts lower after BOE rate decision 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
Previous Week
US dollar was trading weak in the previous week and lost more than 120 pips from temporary top around 99.37 on account of weak US economic data and easing US-China trade war. US ISM manufacturing index fell to 49.1% in August compared to 51.2% in Jul slightly below 50 which indicates contraction. The Nonfarm payroll came at 130000 slightly less to forecast of 163000 and unemployment rate steady at 3.7%. DXY hits a low of 98.01 and is currently trading around 98.42. But positive comments from Powell on US economic growth supported the US dollar index at lower levels.
Canadian dollar performed well against all majors on slightly hawkish BOC and better than expected employment data.
The precious metal has lost more than $50 previous week after hitting a 6-year high. It has shown a minor decline in US-China trade optimism and a slight recovery in bond yield. It hits low of $1503 and is currently trading around $1509.73.
US 10 year bond yield shown a minor recovery of more than 13% after hitting a 3-year low. It is currently trading at 1.536%. The yield curve inversion between US 10 year and 2-year has gone and spread narrowed to 3 bps.
Weekly Technical:
EURUSD:
Major trend reversal level- 1.10980
Near term support- 1.0930/1.0850
Near term resistance – 1.10980/1.1140
USDJPY:
Major trend reversal level- 107.20
Near term support- 106.20/105.49
Near term resistance – 107.20/108.30
USDCHF
Major trend reversal level- 0.9955
Near term support- 0.9850/0.9770
Near term resistance – 0.9955/1.000
USDCAD
Major trend reversal level- 1.3090
Near term support- 1.31400/1.3090
Near term resistance – 1.3245/1.3300
Gold
Major trend reversal level- $1500
Near term support- $1500/$1478
Near term resistance – $1565/$1600
WTI Crude
Major trend reversal level- $57.50
Near term support- $56.15/$54.80
Near term resistance – $57.50/$60
Major Economic events for the week
ECB policy meeting – Thursday (11:45 AM GMT)
US CPI m/m- Thursday (12:30 PM GMT)
US retail sales m/m - Friday (2:00 PM GMT)
