Auddollar

A second Chance to Buy in AUDUSD...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 support #1 at 39 and it prevented price from more losses. A peak is formed in daily chart at 0.7295 on 01/31/2019, so more losses to

by ForecastCity

A second Chance to Buy in AUDUSD...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 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 0.7075 on 01/25/2019, so more gains to re

by ForecastCity

AUDUSD Intraday Forecast As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.7155. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.72. TP4: R2=0.724. Set the stoploss of these orders at breakout of S2=0.7145. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.7145. In this situation, there is an expectation to reach the target S3=0.708. Set the stoploss of reverse orders at breakout of S1=

by ForecastCity

AUDUSD Intraday Forecast As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.722. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.7265. TP4: R2=0.73. Set the stoploss of these orders at breakout of S2=0.72. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.72. In this situation, there is an expectation to reach the target S3=0.7125. Set the stoploss of reverse orders at breakout of S1=0.7

by ForecastCity

A great opportunity to buy in AUDUSD Midterm forecast: While the price is above the support 0.7020, beginning of uptrend is expected. We make sure when the resistance at 0.7445 breaks. If the support at 0.7020 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased. A peak is formed in daily chart at 0.7300 on 11/08/2018, so more losses to support(s) 0.7180, 0.7105, 0.7085 and minimum to Major Su

by ForecastCity

A great opportunity to buy in AUDUSD Midterm forecast: 0.7160 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 0.7160 on 10/17/2018, so more losses minimum to Buy Zone (0.7085 to 0.7020) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) i

by ForecastCity