As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=144.95.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=145.9.
TP4: R2=146.35.
Set the stoploss of these orders at breakout of S2=144.75.
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=145.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=147.
TP4: R2=147.75.
Set the stoploss of these orders at breakout of S2=145.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.2). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
After completing the Elliot Waves, the pair shifted in momentum and is currently in a downtrend.
We can see an inverse H&S getting formed and we can capitalize in the formation of the right shoulder as shown in the chart.
During Friday’s trading session, the currency exchange rate ended the day at the 110.00 level, as it was expected! On Monday morning, the rate was located at the 110.17 mark.
It is expected that the rate will depreciate towards the 50.00% Fibonacci retracement level at the 109.60 mark.
Besides, the resistance level of the 55-hour simple moving average will...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=146.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.2.
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=142.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.2.
TP4: R2=144.15.
Set the stoploss of these orders at breakout of S2=141.95.
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=125.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.85.
TP4: R2=126.1.
Set the stoploss of these orders at breakout of S2=124.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Posted this set up last week, however due to technical factors not aligning the trade set-up was cancelled. Following Friday's bullish engulfing closure breaking out of the range-play, Euro now looks set to advance into the 126.000 weekly key region.
The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of...
we have 2 potentials here.....
1. new have our first reversal zone ranging between 74.100-74.400. we have a already had one rejection in that zone. the TP we have is 140 pips. mini head and shoulders
2. our second reversal zone which ranges between 75.550-75.100. back towards the end of september we see this level reverse so if the first idea breaks I will see...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=139.55.
TP4: R2=140.1.
Set the stoploss of these orders at breakout of S2=138.55.
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=124.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.
TP4: R2=125.25.
Set the stoploss of these orders at breakout of S2=123.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=112.9.
TP4: S2=112.6.
Set the stoploss of these orders at breakout of R2=113.5.
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=113.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=113.8.
TP4: R2=114.2.
Set the stoploss of these orders at breakout of S2=113.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
- EMAs crossover on the H1.
- 38.2 fibonacci level fulfilled, retracement could be over and EUR/JPY should fly and form a new higher high towards 134.00 region.
- Daily support level of 131.81 has held up and price has rejected this on the D1.
- Both EMAs acting as a dynamic support on the H4.
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