💡Don't miss the great buy opportunity in USDSGDMidterm forecast:
While the price is above the support 1.3400, beginning of uptrend is expected.
We make sure when the resistance at 1.3885 breaks.
If the support at 1.3400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1.3549 on 2020-09-01 and the trough at 1.3512 on 2020-10-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.3510 on 10/22/2020, so more gains to resistance(s) 1.3550, 1.3675, 1.3785 and maximum to Major Resistance (1.3885) 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 35.
Take Profits:
TP1 @ 1.3550
TP2 @ 1.3675
TP3 @ 1.3785
TP4 @ 1.3885
TP5 @ 1.4270
TP6 @ 1.4635
TP7 Free
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Dollar
💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY 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 75.
Take Profits:
TP1= @ 105.65
TP2= @ 106.05
TP3= @ 106.50
SL= Break below S2
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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 22.15, resumption of uptrend is expected.
We make sure when the resistance at 26.20 breaks.
If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is increased.
A trough is formed in daily chart at 22.58 on 10/29/2020, so more gains maximum to Major Resistance (26.20) 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 60.
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💡 Two buy opportunity in XAUUSD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1920.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD 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 60.
Take Profits:
TP1= @ 1975.00
TP2= @ 2000.00
TP3= @ 2015.30
TP4= @ 2075.00
SL= Break below S2
-------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1926.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1955.5
TP2= @ 1977.0
TP3= @ 1992.2
TP4= @ 2015.2
TP5= @ 2075.0
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (13601.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD 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 66.
Take Profits:
TP1= @ 13747.0
TP2= @ 13840.0
TP3= @ 14055.0
TP4= @ 14290.0
SL= Break below S2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1790.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1931. 40 on 10/21/2020, so more losses to support(s) 1851.00, 1817.75 and minimum to Major Support (1790.00) 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 44.
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💡Don't miss the great buy opportunity in DASHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (63.65).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DASHUSD 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 50.
Take Profits:
TP1= @ 75.30
TP2= @ 79.90
TP3= @ 87.90
TP4= @ 104.40
TP5= @ 117.10
TP6= @ 142.15
TP7= @ 184.55
TP8= @ 260.75
TP9= @ 399.65
TP10= @ 622.50
TP11= @ 803.35
TP12= @ 984.00
TP13= @ 1568.35
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3255). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 75.
Take Profits:
TP1= @ 1.3335
TP2= @ 1.3370
TP3= @ 1.3400
SL= Break below S2
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💡Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7155). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.7100
TP2= @ 0.7070
TP3= @ 0.7020
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.313). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 56.
Take Profits:
TP1= @ 1.3220
TP2= @ 1.3285
TP3= @ 1.3340
TP4= @ 1.3420
TP5= @ 1.3505
SL= Break below S3
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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 26.20, beginning of downtrend is expected.
We make sure when the support at 19.65 breaks.
If the resistance at 26.20 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the RSI resistance #2 at 56 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 25.50 on 10/12/2020, so more losses to support(s) 23.05, 22.15, 21.00 and minimum to Major Support (19.65) 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 50.
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💡ETHUSDT Second Chance: Profit=40% SL=7.5% Reward/Risk > 5.3:1Second Chance Trade Setup summary:
Profit targets=40% = {TP3= 4% + TP4= 12% + TP5= 24%}
Stop Loss =7.5%
Reward/Risk > 5.3:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (394.10) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP4= @ 444.50
TP5= @ 489.00
SL= Break below 383.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 50%
Closed trade(s): 22% Profit
Open trade(s): 28% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 367.00 based on 'previous Forecast' at 10.20.2020 :
Closed Profit:
TP1 @ 383.50 touched at 10.21.2020 with 4% Profit.
TP2 @ 394.10 touched at 10.21.2020 with 7% Profit.
TP3 @ 408.80 touched at 10.22.2020 with 11% Profit.
4% + 7% + 11% = 22%
Open Profit:
Open trade is 418.00(current price) - 367.00(open price) = 14%
2 trade(s) still open, therefore total profit for open trade(s) is 14% x 2 = 28%
Technical analysis:
. ETHUSDT is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3105). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 60.
Take Profits:
TP1= @ 1.3175
TP2= @ 1.3200
TP3= @ 1.3250
SL= Break below S2
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💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 07.28.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1851.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1932.20 on 10/12/2020, so more losses minimum to Major Support (1851.00) 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 48.
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.318). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 65.
Take Profits:
TP1= @ 1.3260
TP2= @ 1.3280
TP3= @ 1.3330
SL= Break below S2
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💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.663). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6570
TP2= @ 0.6510
TP3= @ 0.6445
TP4= @ 0.6375
TP5= @ 0.6240
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.311). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 52.
Take Profits:
TP1= @ 1.3160
TP2= @ 1.3180
TP3= @ 1.3250
SL= Break below S2
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💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 1.1725
TP2= @ 1.1680
TP3= @ 1.1610
TP4= @ 1.1490
TP5= @ 1.1375
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDCHFTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9120).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF 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 54.
Take Profits:
TP1= @ 0.9161
TP2= @ 0.9197
TP3= @ 0.9244
TP4= @ 0.9295
TP5= @ 0.9371
SL= Break below S2
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💡Don't miss the great sell opportunity in GBPUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3003).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 1.2911
TP2= @ 1.2800
TP3= @ 1.2680
TP4= @ 1.2595
TP5= @ 1.2481
SL: Break Above R2
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💡BTCUSDT Second Chance: Profit=22% SL=7% Reward/Risk > 3.1:1Second Chance Trade Setup summary:
Profit targets=22% = {TP3= 3% + TP4= 7% + TP5= 12%}
Stop Loss = 7%
Reward/Risk > 3.1 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (11111) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 11442
TP4= @ 11886
TP5= @ 12468
SL= Break below 10840
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 39%
Closed trade(s): 21% Profit
Open trade(s): 18% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 10371.00 based on 'previous Forecast' at 2020.10.02:
Closed Profit:
TP1 @ 10840 touched at 2020.10.08 with 4% Profit.
TP2 @ 11111 touched at 2020.10.09 with 7% Profit.
TP3 @ 11442 touched at 2020.10.09 with 10% Profit.
4% + 7% + 10% = 21%
Open Profit:
Open trade is 11333.00(current price) - 10371.00(open price) = 9%
2 trade(s) still open, therefore total profit for open trade(s) is 9% x 2 = 18%
Technical analysis:
. BTCUSDT is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
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💡Don't miss the great buy opportunity in ETHUSDT💡Don't miss the great buy opportunity in ETHUSDT Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (367.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT 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 70.
Take Profits:
TP1= @ 383.50
TP2= @ 394.10
TP3= @ 408.80
TP4= @ 444.50
TP5= @ 489.00
SL= Break below S3
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ForecastCity English Support Team ❤️