Hello Traders US 10Yr sounds interesting in next few weeks. Right now it formed an inverse head and shoulders but stuck in monthly resistance. Either Upward or Downward, this move will be big and can affect USD. Thanks for Reading Team Fortuna -RC
Hello Traders Charts say that DXY is Gaining momentum. as you can see it broke a downward trendline and also triggered a W pattern. We believe DXY will continue upward after a very short term correction. Thanks for Reading Team Fortuna -RC
Hello Traders Overall Trend for EUR/USD is bearish but as a corrective wave it's moving inside of a ascending channel. We believe to see another wave upward but we should consider drop possibility too. So wait for breakout or breakdown to execute a position. Thanks for Reading Team Fortuna -RC
Hello Traders As we can see Gold/USD is moving inside of Ascending Channel. Price attempted to break above 1787 several times but it wasn't successful and ended with a drop. Also RSI trendline in 2hr TF has broken. We believe that price will retrace a bit toward 1782- 1784 zone and will continue to drop further. Targets has been shown in chart. Thanks for...
Hello Traders CAD/CHF has reached a Strong Resistance that had touched it multiply times before. RSI and price trendlines both has been broken so we just need a confirmation to make a short position. Thanks for Reading Team Fortuna -RC
Hello Traders EUR/CHF is moving in a big descending channel. It has broken a bear channel and pulled back on it and then kept moving downward in a small descending channel. Right now small support zone hold price from falling but it will be broken soon. Last week price tried to break small descending channel but that was a fake breakout. We expect price to...
Hello Traders Price reached strong resistance zone after a nice upward move. Also RSI reached overbought zone and we can see RD- in 4h TF. We expect to see some correction from here(shown in chart). Thanks for Reading Team Fortuna
Hello Traders USD/CHF has broken rising wedge and price is trying to pull back on it. Seems like price and RSI are moving in a downward channel. Wait for a 1Hr bearish confirmation to execute a short position. Thanks for Reading Fortuna Team
Hello Traders GBP/JPY had been caught in a big triangle for long time then after breaking out of triangle it did a decent rally. We expect a correction in this zone because: 1. Right now price is playing in pervious high zone(resistance). 2. RSI has broken its upward trendline and trying to pullback on it. Our prediction says that we may have another rally...
Hello Traders We have detected a Bearish Bar Pattern in NZD/USD chart. Pattern is almost completed and then we expect a correction after it. RSI is rising and nearly in overbought zone. We are waiting for a bearish signs for more confirmations, before setting any position. Next possible moves has been shown in chart. Thanks for Reading Fortuna Team
Hello Traders Its seems GOLD (XAU/USD) has completed its wave 3 and now it is going to start correction wave 4. RSI reached overbought zone and need a correction for a healthy upward momentum. Also there is a big resistance in 1798-1801 zone (MA 200 & 100 days) We predict 1778 zone will be end of wave 4. Thanks for reading
Hello Traders We detected a bearish butterfly pattern in NZD/JPY. its final target is about 80. Right now Price is above resistance zone but we should consider a pullback to resistance zone again. RSI is declining and hit the overbought zone so a correction needed for RSI. buying in resistance zone is recommended if you are going to try this setup. Thanks for Reading
Hello Traders After a decent upward move, price got rejected by Big Resistance Zone in 1.061. RSI upward trendline is broken and price built a LL in lower TFs. At this time we expect a corrective wave in a flag formation shape. Also R:R 1:2 is already shown in chart. Thanks for Reading
Hello Traders After a long drop, GBP/CAD reached a support zone at last. Right now price is consolidating a bit on support zone and that is good for a long setup but its still moving in a descending channel. Positively we can see RD+ on RSI, also RSI has broken downward trendline. a break and pull back on channel will confirm a long entry. Thanks for...