dollars

ForecastCity

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...

ForecastCity

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (106.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....

KonstantinAnissimov

The $1.32 Resistance Rejects Sterling’s Uptrend Throughout the Week The British Pound has been able to recover quite nicely against the U.S. dollar. After the massive nosedive it took in early March amid fears over COVID-19, Sterling began trending up. Prices rose to a high of $1.317 on Friday, July 31st, only a few cents below where GBP was trading before the...

ForecastCity

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2901). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XRPUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...

ForecastCity

Trade Setup summary: Profit targets=19400 pip (7300 + 12100) Stop Loss =5400 pip Reward/Risk > 3.6: 1 Current Status: Total Profit: 19500 pip Closed trade(s): 4300 pip Profit Open trade(s): 15200 pip Profit Trade Setup: We opened 3 BUY trade(s) @ 0.014 based on 'previous Forecast' at 2020.05.10 : ...

ForecastCity

Trading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of down trend is expected. . The price is above the 21-Day...

Trade_Simple_FX

USDJPY H4 - Nice Double top in sight, rejections of 106.300 would be ideal, two heavy monthly key levels and a week, local H4 resistance, should see a reaction at 106.300 price for hopefully this bearish USD downside continuation after a recent relief rally.

B1GFUDG3Y

CURRENCYCOM:US30

ForecastCity

Midterm forecast: 1939.45 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses to support(s) 2000.00, 1970.20 and minimum to Major Support (1939.45) is...

ForecastCity

Trading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (1.1819). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...

AlkalineFX

After Friday's daily candle closed as a bearish engulfing candlestick we are very interested in the possibility of aggressive selling opportunities. I would like to see a pullback into the previous structure before placing a sell for a maximum risk to reward trade but It is rare to see this happen nowadays with the current market conditions. I have illustrated the...

VasilyPonomarev

USDCAD is currently trading in a strong bearish trend . during the last few days, we saw a nice pullback though. friday's candle closed on a resistance line of a falling channel . matching with fib.levels of the last legs and a horizontal structure on the left, the price is now clearly trading within a strong structure...

ForecastCity

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.664). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...

ForecastCity

Midterm forecast: 18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 18.95 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to...

ForecastCity

Midterm forecast: . While the price is below the resistance 43.60, beginning of downtrend is expected. . We make sure when the support at 30.85 breaks. . If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...

ForecastCity

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3333). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...

Wicktator

We could be seeing a correction for DXY leading to the descending timeline where we'll either see a break or bounce

ForecastCity

Trade Setup summary: Profit targets=32250 pip (2350 + 5620 + 9320 + 14960) Stop Loss =11600 pip Reward/Risk > 2.8 : 1 Current Status: Total Profit: 29400 pip Closed trade(s): 5400 pip Profit Open trade(s): 24000 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 339.00 based on 'previous Forecast' at 2020.08.02 : ...