Short term dollar bottom? Stretched CFTC net long positioning has started to unwind a little as well. Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
Mid-Term Forecast: Midterm forecast: While the price is below the resistance 0.6790, beginning of downtrend is expected. We make sure when the support at 0.6585 breaks. If the resistance at 0.6790 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3245). 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. ....
Midterm forecast: While the price is above the support 1901.20, resumption of uptrend is expected. We make sure when the resistance at 2075.05 breaks. If the support at 1901.20 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle taking shape and as a continuation pattern suggests we will soon...
Third Chance Trade Setup summary: Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%} Stop Loss =24% Reward/Risk > 8.4 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (23.0500) again. if so, traders can set orders based on Price Action and expect to reach short-term...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7325). 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 above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917). 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...
Midterm forecast: While the price is above the support 25.65, resumption of uptrend is expected. We make sure when the resistance at 29.85 breaks. If the support at 25.65 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased. While...
Midterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI...
Short-Term Forecast: Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.3033). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.305). 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....
Second Chance Trade Setup summary: Profit targets=76% = {TP1= 6% + TP2= 8% + TP3= 11% + TP4= 16% + TP5= 20%} Stop Loss =5% Reward/Risk > 15.2 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (10004.00) again. if so, traders can set orders based on Price Action and expect to reach short-term...
Midterm forecast: . While the price is above the support 1.3430, beginning of uptrend is expected. . We make sure when the resistance at 1.3754 breaks. . If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is...
Third Chance Trade Setup summary: Profit targets = 150% = { TP5 = 28% + TP6 = 44% + TP7 = 78% } Stop Loss =12% Reward/Risk > 12.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (0.02780) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (10004.00). . 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 below the 21-Day WEMA which acts as a dynamic...
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1818.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 45 is not broken, the probability of price decrease...
Second Chance Trade Setup summary: Profit targets = 76% = {TP3 = 8% + TP4 = 29% + TP5 = 39%} Stop Loss = 30% Reward/Risk > 2.5 : 1 New Trading suggestion: " It is still possible to see a temporary retracement when the price falls to the uptrend line that will support and reject the price. if so, traders can set orders based on Price Action and expect to...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.1965). 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...