As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.7245. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.7195. TP4: S2=0.718. Set the stoploss of these orders at breakout of R2=0.726. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.722. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.7265. TP4: R2=0.73. Set the stoploss of these orders at breakout of S2=0.72. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.722. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.7265. TP4: R2=0.73. Set the stoploss of these orders at breakout of S2=0.72. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Midterm forecast: While the price is above the support 0.7020, beginning of uptrend is expected. We make sure when the resistance at 0.7445 breaks. If the support at 0.7020 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is...
Midterm forecast: While the price is above the support 0.7020, beginning of uptrend is expected. We make sure when the resistance at 0.7445 breaks. If the support at 0.7020 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is...
Midterm forecast: 0.7160 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 0.7160 on 10/17/2018, so more losses minimum to Buy Zone (0.7085 to 0.7020) is...
Midterm forecast: 0.7160 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 0.7160 on 10/17/2018, so more losses minimum to Buy Zone (0.7085 to 0.7020) is...