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There is a possibility for the beginning of an uptrend in USDCHFMidterm forecast: While the price is above the support 0.9180, beginning of uptrend is expected. We make sure when the resistance at 0.9900 breaks. If the support at 0.9180 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. A peak is formed in daily chart at 0.9783 on 05/07/2020, so more losses to support(s) 0.9625, 0.9500, 0.9360 and minimum to Major Support (0.9180) 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 52. Supports and Resistances S1: 0.9625 S2: 0.9500 S3: 0.9360 S4: 0.9255 S5: 0.9180 R1: 0.9785 R2: 0.9900 R3: 1.0025 R4: 1.0115 R5: 1.0235
Long
by ForecastCity_EU
19
Don't miss the great buy opportunity in USDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.967). 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 63. Take Profits: TP1= @ 0.9730 TP2= @ 0.9755 TP3= @ 0.9800 SL= Break below S2
Long
by ForecastCity_EU
8
Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.098). 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 47. Take Profits: TP1= @ 1.0936 TP2= @ 1.0902 TP3= @ 1.0872 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great buy opportunity in AUDUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.657). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.6645 TP2= @ 0.6680 TP3= @ 0.6760 SL= Break below S2
Long
by ForecastCity_EU
14
Don't miss the great buy opportunity in USDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (107.5). 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 58. Take Profits: TP1= @ 108.10 TP2= @ 108.50 TP3= @ 109.05 SL= Break below S2
Long
by ForecastCity_EU
14
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2181). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. Take Profits: TP1= @ 1.2024 TP2= @ 1.1888 TP3= @ 1.1409 SL: Break Above R2
Short
by ForecastCity_EU
9
Don't miss the great buy opportunity in USDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.40400). 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 57. Take Profits: TP1= @ 1.4115 TP2= @ 1.4170 TP3= @ 1.4200 SL= Break below S2
Long
by ForecastCity_EU
10
Don't miss the great buy opportunity in USDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (106.85). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Take Profits: TP1= @ 107.40 TP2= @ 107.75 TP3= @ 108.50 SL= Break below S2
Long
by ForecastCity_EU
6
Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6511). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 0.6443 TP2= @ 0.6375 TP3= @ 0.6263 SL: Break Above R2
Short
by ForecastCity_EU
21
Don't miss the great buy opportunity in USDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (106.95). 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 78. Take Profits: TP1= @ 107.45 TP2= @ 107.65 TP3= @ 108.00 SL= Break below S2
Long
by ForecastCity_EU
16
Don't miss the great sell opportunity in USDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4035). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 31. Take Profits: TP1= @ 1.3950 TP2= @ 1.3915 TP3= @ 1.3860 SL: Break Above R2
Short
by ForecastCity_EU
7
Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6475). 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 dynamic support. . The RSI is at 47. Take Profits: TP1= @ 0.6410 TP2= @ 0.6370 TP3= @ 0.6255 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.252). 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 47. Take Profits: TP1= @ 1.2405 TP2= @ 1.2360 TP3= @ 1.2255 SL: Break Above R2
Short
by ForecastCity_EU
5
Don't miss the great sell opportunity in NZDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6075). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 0.5975 TP2= @ 0.5910 TP3= @ 0.5850 SL: Break Above R2
Short
by ForecastCity_EU
10
A trading opportunity to buy in USDCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4040). 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 62. Take Profits: TP1= @ 1.4115 TP2= @ 1.4261 TP3= @ 1.4667 SL= Break below S2
Long
by ForecastCity_EU
6
Don't miss the great sell opportunity in USDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4020). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Take Profits: TP1= @ 1.3920 TP2= @ 1.3854 TP3= @ 1.3760 SL: Break Above R2
Short
by ForecastCity_EU
Don't miss the great buy opportunity in USDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9725). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 0.9775 TP2= @ 0.9800 TP3= @ 0.9840 SL= Break below S2
Long
by ForecastCity_EU
4
Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0830). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 66. Take Profits: TP1= @ 1.0885 TP2= @ 1.0930 TP3= @ 1.0990 SL= Break below S2
Long
by ForecastCity_EU
3
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2406). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 1.2000 TP2= @ 1.1840 TP3= @ 1.1410 SL: Break Above R2
Short
by ForecastCity_EU
9
Don't miss the great buy opportunity in BTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (7152.05). 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 60. Take Profits: TP1= @ 8236.90 TP2= @ 9162.55 TP3= @ 10476.45 SL= Break below S2
BITSTAMP:BTCUSDLong
by ForecastCity_EU
8
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.239). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.2285 TP2= @ 1.2245 TP3= @ 1.2165 SL: Break Above R2
Short
by ForecastCity_EU
6
Don't miss the great sell opportunity in AUDUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6370). 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 dynamic support. . The RSI is at 40. Take Profits: TP1= @ 0.6310 TP2= @ 0.6265 TP3= @ 0.6205 SL: Break Above R2
Short
by ForecastCity_EU
8