DJ FXCM Index

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...

The DXY is currently undergoing the retest phase of the break out from the neckline. From here I am expecting price to decline further to the 96.00 level signalling weakness in the Dollar.

I had to change the previous analysis. Because the circumstances have changed. Based on the current ATR data, I expect another rise in the exchange rate. The type and size of the wave structure may be similar to a previous (yellow rectangle) structure. The ratio of its price movement to the ATR is similar to the current wave structure. Therefore, the target price...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

As called in my previous idea, EURUSD completed the inverse H&S and I'm now expecting it to start a new bullish trend due that the previous bearish trend completed the Elliot Waves. Pair is now struggling in a resistance area but the momentum is strong enough to break it.

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.

The exchange rate moves in a declining double wave structure. Currently, it is in the correction phase with the axis of the exchange rate ATR axis. On this axis, the rising correction movement is moving. Although apparently now acts against the theory, I assume that the correction movement at this level can be completed and the second decreasing wave structure is...

USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.

The figure shows a white ATR axis and a green wave axis. I guess the "auxiliary axle" mirrored on the ATR axis can be the current rise resistance level. I look forward to turning this axis. Further wave structure can be determined by the green wave axis. The symmetrical wave motion on this axis may be descending with a target price of 11975 usd.

Midterm forecast: While the price is above the support 0.7080, beginning of uptrend is expected. We make sure when the resistance at 0.7380 breaks. If the support at 0.7080 is broken, the short-term forecast -beginning of uptrend- will be invalid. We will close our open trades, if the Midterm level 0.7080 is broken. Technical analysis: The RSI bounced from the...

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...

After breaking the bullish trend, I called a short on this pair, however, the currency pair shot up stopping me out. Currently, the pair has formed a double top and it looks like a bearish trend is being made due the formation of the most recent trendline. If the currency pair moves down, I will target 150 pips where we have our 61.8 fib level,. Will be risking 50 pips.

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. 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=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. 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...

We can see over the past 3-4 days on the 4h chart that price has been squeezed into a wedge formation ( green trend line and support line ) When this happens price breaks out and explodes so we will be keeping an eye on the breakout to the upside with potential to go up to 1.14800. We will set an order a few pips to the upside just outside this wedge, so if price...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.67. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.675. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...