Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7315). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF 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.
. The RSI is at 55.
Take Profits:
TP1= @ 0.7425
TP2= @ 0.7475
TP3= @ 0.7630
SL= Break below S2
Canadiandollar
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.74917). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.76150
TP2= @ 0.77145
TP3= @ 0.78658
SL= @ 0.73500
A trading opportunity to Buy in AUDCADMidterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9610 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 0.9395 on 06/04/2019, so more losses to support(s) 0.9170 and minimum to Major Support (0.9105) 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 32.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.9170 to 0.9105). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.9170)
Ending of entry zone (0.9105)
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 the 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= @ 0.9225
TP2= @ 0.9310
TP3= @ 0.9395
TP4= @ 0.9480
TP5= @ 0.9610
TP6= @ 0.9775
TP7= @ 0.9915
TP8= @ 1.0090
TP9= @ 1.0350
TP10= Free
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.348.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.343.
TP4: S2=1.3395.
Set the stoploss of these orders at breakout of R2=1.349.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.349.
In this situation, there is an expectation to reach the target R3=1.3555.
Set the stoploss of reverse orders at breakout of R1=1.348.
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!
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3175.
TP4: S2=1.3155.
Set the stoploss of these orders at breakout of R2=1.3245.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3245.
In this situation, there is an expectation to reach the target R3=1.332.
Set the stoploss of reverse orders at breakout of R1=1.3225.
Set the stoploss of reverse orders at breakout of R1=0.996. 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!
A trading opportunity to Sell in USDCADMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.3170 would begin in Midterm.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.3050 on 11/02/2018, so more gains to resistance(s) 1.3225 and maximum to Sell Zone (1.3290 to 1.3385) 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 64.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.3290 to 1.3385). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
Beginning of entry zone (1.3290)
Ending of entry zone (1.3385)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", 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 special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1 : @1.3225
TP2 : @1.3170
TP3 : @1.3080
TP4 : @1.2885
TP5 : @1.2805
TP6 : @1.2730
TP7 : @1.2565
TP8 : @1.2250
TP9 : @1.2060
TP10 : Free
USDCAD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.308.
TP4: R2=1.3125.
Set the stoploss of these orders at breakout of S2=1.2995.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2995.
In this situation, there is an expectation to reach the target S3=1.2925.
Set the stoploss of reverse orders at breakout of S1=1.301.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2865.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.278.
TP4: S2=1.276.
Set the stoploss of these orders at breakout of R2=1.289.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.289.
In this situation, there is an expectation to reach the target R3=1.297.
Set the stoploss of reverse orders at breakout of R1=1.2865.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
While 1.2885 is not broken, bullish wave in price would begin.Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) 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 41.
Supports and Resistances:
1: 1.4690
2: 1.4200
3: 1.3795
4: 1.3385
5: 1.3260
6: 1.3000
7: 1.2805
8: 1.2730
9: 1.2665
10: 1.2545
11: 1.2465
12: 1.2250
13: 1.2060