As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.721.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7265.
TP4: R2=0.7295.
Set the stoploss of these orders at breakout of S2=0.719.
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=0.7205.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.7265.
TP4: R2=0.7295.
Set the stoploss of these orders at breakout of S2=0.7185.
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 0.7085, beginning of uptrend is expected.
We make sure when the resistance at 0.7380 breaks.
If the support at 0.7085 is broken, the short-term forecast -beginning of uptrend- will be invalid.
We will close our open trades, if the Midterm level 0.7085 is broken.
Technical analysis:
While the RSI downtrend #1...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:
A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic...
we have a descending triangle that has been respected multiple times.
I'm predicting when price gets to 0.95400 it should reverse and carry on the down trend
im expecting price to hit 0.94330 and possibly break out to further downfall.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7155.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.72.
TP4: R2=0.724.
Set the stoploss of these orders at breakout of S2=0.7145.
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 increased.
A...
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...
After being trapped for over a month between 1.8000 and 1.7750 is GBPAUD ready to drop to new lows?
Well last week we witnessed the pound in the spotlight with wage growth slowing, inflation missing expectations and retail sales surprisingly worse than expected.
The week prior to that we had sudden resignations from David Davis and Boris Johnson, some high...
AudUsd - Daily chart - I see a good oppurtunity to sell all major pairs against the dollar. Audusd here is at the perfect zone to sell for a minimum of 150 pips target to the downside.
After breaking out of the monthly wedge and retesting we are seeing another breakout this time of the daily ascending wedge. Currently we are seeing the pair ranging sideways but I am confident that we will see a break above the box and onto 1.77000s.
EurAud - H4 chart - I prefer shorts due to the current H4 structure which shows many confluences for downside including a H&S pattern, retest of trend lines and supply zones and a fib retracement with targets down to the next H4 support. Decent Risk to Reward on this trade.
Both Currencies are currently weak after they both came into significant resistance levels. We are now seeing consolidation on the 4hr chart. 2 possible scenarios to watch out for, a break to the downside and a re-test of 1.4835 would be suffice to look for a short trade. If we see a break of the trendline resistance to the upside we will be looking for a re-test...
Chart pretty much speaks for itself. Price is still stuck in this ascending channel making higher highs and higher lows. A break of this counter trend line could bring some buys back into play as I can see it continue to make another higher high.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
