forex47_

forex47_

Correction after a strong rally (RSI overbought) Forming a wedge pattern Breaking the bullish pattern should pay attention to the resistances at 1.38084 and 1.38250 Breaking the bearish pattern should pay attention to the supports at 1.3776 and 1.37613

forex47_ Updated 

RSI negative divergence at bottom (1.15286) The resistance area (1.16522-1.16744) still strong The decline (correction) to the Fibonacci Retracements (0.5) area is necessary and does not indicate whether the pair continues to rise or fall So, we expect more of an increase and at least return to the 1.165221.16744 zone, but not to Buy or Sell now! ...

forex47_

This pair has risen from the bottom of RSI Divergence (1.53936) The pair is in the resistance zone of 1.54673-1.54789. We expect the growth up to the zone of 1.55932-1.56165 before declining back to 1.54673-1.54789. And finally complete the Head And Shoulders model with a strong increase in the area of 1.57068 Note: This is an expectation analysis,...

forex47_

Slightly decreasing after a strong rally - RSI > 75 The nearest strong support zone is at 130.342-130,795 It would be great if EURJPY drops in price to this area And especially if the position with a bullish signal is located near the trendline, Fibonacci Retracements (61.8) and RSI ~50 If that happens, we have a great Setup: ...

forex47_

The pair is having a correction after a long time to uptrend RSI can't break above 50, showing a high possibility of decline In case of continued decline, Fibonacci Extension at 1(113.078) and 1.618(112.304) will become strong support areas Sell Stop: 113.366 SL: 113.964 TP1: 113.078 TP2: 112.304

forex47_

AUDCAD is still in a relatively wide price range from 0.91158-0.93768 RSI is still in the range of 30-70 Decline signal has appeared Sell Now (0.926 - 0.928) SL: 0.93865 TP 1: 0.92035 TP2: 0.91141

forex47_ Updated 

It looks like AUDUSD is trying to create a relatively wide price range from 0.91158-0.93768 RSI is still in the range of 30-70 Currently the currency pair is in the middle of the range, there is no exact basis for the move up or down. However, we expect more growth to create a wide-ranging market. Then we can wait for Sell at 0.93498-0.93768 with...

forex47_ Updated 

Negative Divergence RSI (Blue line) created a bullish reaction of USDCAD (H4) last weekend. RSI trendline has formed, however the resistance of 60 is still be there. The downtrend is dominant, the uptrend has not really formed. An uptrend will form if the rate approaches the 1.24724-1.24982 resistance level (Fibonacci Extensions ). Therefore, we wait...

forex47_ Updated 

The downtrend has formed This pair is declining after reaching the Fibonacci Retracement (61.8) Sell now at price 114.030-114.080 SL: 114.419 TP1: 113.903 TP2: 113.716 TP3: 113.415

forex47_ Updated 

Gold dropped suddenly without any unusual news The resistance area 1786.294-1788.097 is showing positive signals, RSI is below 30 The ability to form a Pull Back is very high Ignore the abnormal wave from 21 to 22 o'clock on October 22, the wave bottom area should be noted at 1776,376 Buy current price 1786-1788.1 Stop Loss: 1776,376 Take Profit...

forex47_ Updated 

This pair is moving in a market range from 0.84244-0.84687. Currently, the pair is having a positive bullish reaction from the area of 0.842744-0.84274. RSI is still in the range of 30-70 Make Buy at current price (0.84304-0.84319) Stop Loss at 0.84188 Takeprofit 1 at 0.84423 Takeprofit 2 at 0.84588

forex47_ Updated 

EURUSD has been moving within the Sideway range of 1.16173-1.16642 since Oct 19 Located at the key support of the range at 1.16173-1.16242 Relative Strength Index tends to drop below 50 but the H4 candle is not over yet In case of a sharp drop, the pair will go up to 1.15784 In case of recovery, the pair will drop to 1.16567.

forex47_ Updated 

USDCHF (H4) is in a bearish channel RSI has enered the oversold range at times but the trend cannot be reversed The rate is likely to fall to the support zone 0.91681-0.91754 However, we should wait for the recovery to 0.92194-0.92294 zone and have bearish signal to Sell TP1 price target at 0.91754 and TP2 at 0.91421

forex47_ Updated 

AUDUSD has declined after RSI is above 70 Main trend is still up , RSI is higher than 50 Currently AUDUSD is located at the Fibonacci Retracements 61.8 (0.75095) area . Wait for the downtrend (possibly) to Sell Sell Stop 0.74459 SL: 0.75164 TP1: 0.74187 TP2: 0.73631

forex47_ Updated 

- Negative divergence RSI does not create many spikes after a long decline - EURGBP formed a wedge pattern after a sharp decline. - Sell Stop at 0.84183 Stoploss at 0.84481 Take Profit at 0.83794 (B = A)

forex47_

GBPJPY continues to rise after 18 weeks of price adjustment The correction reached ~5%, showing that the uptrend is still very strong The nearest strong resistance lies at 180.265-181.805 coincides with the Fibonacci Expansion Buy at current price 157.4-157.5 TP at 180.265 SL at 147.304

forex47_ Updated 

Strong downtrend RSI negative divergence Resistance at 0.84535-0.84639 Higher than 0.84639 with clear bullish candlestick signal then Buy with TP at 0.84759 Below 0.84535 with clear candlestick signal, Sell with TP at 0.84297