Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6735). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
Hello Everyone,
AUDUSD we can clearly see free fall before and after FED rate cut. In Short term corrective 3 waves is forming on this pair. I am expecting Wave C Starts from 0.6753 target for this wave is 0.6877.
AUDUSD is on it's down correction mode.
It looks the final cycle 5 of lower degree is not yet complete. It is possible that it will go further down to make a lower degree 5.
If we consider the Grand impulse cycle, it looks the grand impulse 1 is complete, 2 is in the making. After that 3 could be steep upwards.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.694.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.698.
TP4: R2=0.7.
Set the stoploss of these orders at breakout of S2=0.693.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hi, today we are going to talk about AUD/USD
In this day trade, we observe an excellent opportunity in the short term (Time frame H1). Details are highlighted above.
Thanks for reading, and have good trades.
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...
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...
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...
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...
In 15MIN Time Frame we looking Buy Opportunity.
Risk Disclosures:
Investments in securities are subject to market risks, which includes price fluctuation risk. There is no assurance or guarantee that the objectives of any of the products mentioned in this document will be achieved.
As a business, we offer stock recommendations based on technical research...
KForecast is Looking for long in script AUDUSD.
Risk Disclosures:
Investments in securities are subject to market risks, which includes price fluctuation risk. There is no assurance or guarantee that the objectives of any of the products mentioned in this document will be achieved.
As a business, we offer stock recommendations based on technical research...
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...
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