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Australiandollar

AUDUSD Intraday ForecastAs 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=0.7155. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
AUDUSD Intraday ForecastAs 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=0.722. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
A great opportunity to buy in AUDUSDMidterm 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 Support (0.7020) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 57. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.71800 to 0.70850). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (0.71800) Ending of entry zone (0.70850) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 : @0.7230 TP2: @0.7320 TP3 : @0.7445 TP4 : @0.7575 TP5 : @0.7655 TP6 : @0.7805 TP7 : @0.8135 TP8 : Free
Long
by ForecastCity
A great opportunity to buy in AUDUSDMidterm 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) is 43. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.7085 to 0.7020). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. While the price is below the level 0.7105, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.7105 and expect to reach short-term targets. Beginning of entry zone (0.7085) Ending of entry zone (0.7020) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 : @0.7160 TP2 : @0.7230 TP3 : @0.7320 TP4 : @0.7445 TP5 : @0.7575 TP6 : @0.7655 TP7 : @0.7805 TP8 : @0.8135 TP9 : Free
Long
by ForecastCity