As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=122.5.
TP4: R2=122.85.
Set the stoploss of these orders at breakout of S2=121.5.
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=121.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.75.
TP4: R2=122.05.
Set the stoploss of these orders at breakout of S2=120.75.
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=122.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=122.9.
TP4: R2=123.15.
Set the stoploss of these orders at breakout of S2=122.2.
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=122.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=122.7.
TP4: R2=122.9.
Set the stoploss of these orders at breakout of S2=122.
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=142.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.45.
TP4: R2=144.35.
Set the stoploss of these orders at breakout of S2=142.3.
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=122.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=122.5.
TP4: R2=122.65.
Set the stoploss of these orders at breakout of S2=121.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=142.05.
TP4: S2=141.25.
Set the stoploss of these orders at breakout of R2=143.6.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
USDJPY is currently consolidating within a narrow horizontal range.
for now, the future direction of the market is vague.
I believe that the breakout will clarify the sentiment of the market participants.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=121.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.5.
TP4: R2=121.7.
Set the stoploss of these orders at breakout of S2=120.75.
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=121.45.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=122.05.
TP4: R2=122.25.
Set the stoploss of these orders at breakout of S2=121.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
hey traders,
usdjpy is currently consolidating on a key support level 108.5.
on a daily this horizontal support matches perfectly with rising support of a parallel channel .
on 4H the pair has formed a descending triangle formation.
to identify a further market direction be focused on an occasional breakout of a...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.1.
On the other hand, short term forecast is uptrend, so trading is more risky this day and if you tend to set orders, invest less money and expect to reach the following target:
TP4: S1=142.35.
Set the stoploss of these orders at breakout of R2=143.25.
Stop and reverse:
If...
CHFJPY has reached a strong resistance level on 4H/
formation of a double top pattern and rsi divergence leave us a clue that bulls are exhausted.
bets are high that we see a strong bearish reaction from the underlined resistance.
our confirmation will be a bearish violation of minor support on 1H.
Wait and sell the...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=142.8.
TP4: R2=143.4.
Set the stoploss of these orders at breakout of S2=141.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
USDJPY Remains bullish .
I believe that buyers will go even higher and our first pivot point is 110.0 level.
This level combines a horizontal resistance and a rising trendline .
Look for a reversal formation within the underlined area to short the market.
Target levels are: 109.5 / 109.0
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.95.
TP4: R2=121.2.
Set the stoploss of these orders at breakout of S2=120.25.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
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