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USDJPY awaiting trade talks updateThe US dollar has pulled back from the 109.00 level against the Japanese yen currency, following bearish comments from President Trump towards Sino-US trade talks. A bullish inverted head and shoulders remain in play, with the 110.00 level still the favored target. Continued technical failure before the 109.00 resistance level will eventually start to weigh on the USDJPY pair. The USDJPY pair is bullish while trading above the 108.60 level, key resistance is found at the 109.00 and 110.00 level. The USDJPY pair is only bearish while trading below the 108.60 level, key technical support is found at the 108.40 and 108.00 levels.
by OctaFX_Official
EURUSD 1.1187 breakout neededThe euro is continuing to move higher against the US dollar after sellers failed to move price below the key 1.1100 support level. EURUSD bulls need to move price above the 1.1187 level to encourage further buying towards the 1.1215 resistance level. Overall, bearish momentum will start to grow if bulls fail to overcome interim resistance around EURUSD pairs former technical base, at 1.1160. The EURUSD pair is only bearish while trading below the 1.1160 level, key support is found at the 1.1100 and 1.1050 levels. If the EURUSD pair trades above the 1.1160 level, bulls could test back towards the 1.1187 and 1.1215 levels.
by OctaFX_Official
USDJPY 110.00 likely targetThe US dollar continues to move higher against the Japanese yen, with the pair moving to a fresh monthly trading high on Tuesday. The 110.00 level is the preferred upside target for the USDJPY pair now that the 109.00 resistance level has been breached. USDJPY bears may also be looking to sell into strength around the 110.00 level if Sino-U.S trade talks fail to find a resolution. The USDJPY pair is bullish while trading above the 108.60 level, key resistance is found at the 109.55 and 110.00 level. The USDJPY pair is only bearish while trading below the 108.60 level, key technical support is found at the 108.40 and 108.00 levels.
by OctaFX_Official
EURUSD bulls need to defend 1.1100The euro has started the new trading week slightly firmer against the US dollar as bulls continue to defend the current yearly trading low. If bulls continue to defend the 1.1100 support level the EURUSD pair could eventually reverse back towards the 1.1215 area. A move under the 1.1100 level should see the EURUSD pair performing a bearish breakout towards the 1.1050 level. The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1100 and 1.1050 levels. If the EURUSD pair trades above the 1.1160 level, bulls could test back towards the 1.1185 and 1.1215 levels.
by OctaFX_Official
GBPUSD 1.2350 major supportThe British pound has opened the week on the back foot against the greenback after a heavily bearish price close below its former yearly trading low. The 1.2350 level offers the most significant technical support for the GBPUSD pair below the 1.2380 level. Bulls have major work ahead to move the GBPUSD pair back the 1.2525 resistance level to shift the bearish weekly bias. The GBPUSD pair is only bullish while trading above the 1.2525 level, key resistance is located at the 1.2570 and 1.2610 levels. If the GBPUSD pair trades below the 1.2400 level, key support is found at the 1.2350 and 1.2310 levels.
by OctaFX_Official
There is a possibility for the beginning of an uptrend in NEOUSDTechnical analysis: . Neo/Dollar 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 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (10.3100 to 8.4295). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (10.3100) Ending of entry zone (8.4295) 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= @ 14.26790 TP2= @ 17.63851 TP3= @ 20.75000 TP4= @ 24.99556 TP5= @ 31.86434 TP6= @ 43.90000 TP7= @ 93.13590 TP8= Free
NLong
by ForecastCity_EU
1
A trading opportunity to buy in ARKUSDTechnical analysis: . ARK/Dollar 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 52. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.37116000 to 0.26149000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.37116000) Ending of entry zone (0.26149000) 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= @ 0.51643000 TP2= @ 0.65827000 TP3= @ 0.82500000 TP4= @ 1.19200000 TP5= @ 1.65500000 TP6= @ 2.45283000 TP7= @ 3.81600000 TP8= @ 4.91800000 TP9= Free
ALong
by ForecastCity_EU
There is a trading opportunity to buy in IOTAUSDTechnical analysis: . IOTA/DOLLAR 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 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2660 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.2660) Ending of entry zone (0.2045) 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= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
by ForecastCity_EU
EURUSD squeeze continuesThe euro is starting to probe the middle of its three-day trading range against the US dollar as financial markets remain unimpressed with the lack of action from the ECB on Thursday. The risk is now to the upside for the EURUSD pair, with a further short squeeze towards at least the 1.1210 level still possible. US GDP later today is likely to prompt the next strong directional move in the EURUSD pair. The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1100 and 1.1050 levels. If the EURUSD pair trades above the 1.1160 level, bulls could test back towards the 1.1185 and 1.1210 levels.
by OctaFX_Official
GBPUSD 1.2440 criticalThe British pound is starting to lose its recent gains against the US dollar after sellers forced the pair below the 1.2480 support level. The GBPUSD pair may launch its next upside move towards the 1.2550 level if bulls can hold price above the 1.2440 level. Bears need to hold price below the 1.2440 level to encourage more traders to enter back into the GBPUSD short trade. The GBPUSD pair is only bullish while trading above the 1.2480 level, key resistance is located at the 1.2525 and 1.2550 levels. If the GBPUSD pair trades below the 1.2480 level, key support is found at the 1.2460 and 1.2440 levels.
by OctaFX_Official
A trading opportunity to buy in DASHUSDTechnical analysis: . Dash/Dollar 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. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (104.00 to 84.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (104.00) Ending of entry zone (84.00) 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= @ 139.000 TP2= @ 175.000 TP3= @ 210.000 TP4= @ 280.000 TP5= @ 410.000 TP6= @ 530.000 TP7= @ 640.000 TP8= @ 806.000 TP9= @ 982.000 TP10= Free
KRAKEN:DASHUSDLong
by ForecastCity_EU
There is a possibility for the beginning of an uptrend in STRUSDTechnical analysis: . Stellar/Dollar 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 39. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.08495 to 0.07211). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.08495) Ending of entry zone (0.07211) 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= @ 0.10213 TP2= @ 0.11930 TP3= @ 0.13400 TP4= @ 0.14993 TP5= @ 0.17345 TP6= @ 0.20730 TP7= @ 0.23610 TP8= @ 0.28670 TP9= @ 0.33745 TP10= Free
SLong
by ForecastCity_EU
GBPUSD only bullish above 1.2480The British pound staged a solid rebound above the 1.2500 level against the US dollar on Wednesday, after bears failed to hold price below the 1.2440 level. The GBPUSD pair could start to test towards at least the 1.2600 level if bulls break through the 1.2525 resistance later today. Sellers need to hold price below the 1.2480 level to change the intraday sentiment towards the GBPUSD pair. The GBPUSD pair is only bullish while trading above the 1.2480 level, key resistance is located at the 1.2525 and 1.2600 levels. If the GBPUSD pair holds below the 1.2480 level, key support is found at the 1.2460 and 1.2430 levels.
by OctaFX_Official
EURUSD key levels to watchThe euro remains under constant downside pressure against the US dollar on Thursday as expectations remain high that the ECB will announce the timing of the next QE package. The key EURUSD downside levels to watch are the 1.1107 and 1.1050 levels. To the upside, a sustained move above the 1.1160 level could prompt a rally towards the 1.1200 level, although the 1.1240 level is the key upside resistance level. The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1107 and 1.1050 levels. If the EURUSD pair trades above the 1.1160 level, bulls could test back towards the 1.1200 and 1.1240 levels.
by OctaFX_Official
EURUSD PMI data in focusThe euro currency has turned heavily bearish over the medium-term against the US dollar after breaking through the 1.1160 support level on Tuesday. Continued weakness below the 1.1160 level may prompt a test of the 1.1110 support level during today’s European trading session. Market participants are now waiting for the release of PMI Manufacturing data from the eurozone. The EURUSD pair is heavily bearish while trading below the 1.1160 level, key support is found at the 1.1110 and 1.1050 levels. If the EURUSD pair trades above the 1.1160 level, bulls could test back towards the 1.1180 and 1.1200 levels.
by OctaFX_Official
GBPUSD still on the ropesThe British pound remains under downside pressure against the US dollar after bears broke through the 1.2440 support zone on Tuesday. The current monthly and yearly low is the key level that GBPUSD sellers need to soon break, or short-term sellers may start to lose patience. The 1.2480 level is the immediate upside barrier that bulls need to break in order to encourage another test of the 1.2510 level. The GBPUSD pair is only bullish while trading above the 1.2480 level, key resistance is located at the 1.2510 and 1.2530 levels. If the GBPUSD pair holds below the 1.2480 level, key support is found at the 1.2380 and 1.2350 levels.
by OctaFX_Official
USDCHF Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9825. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.9865. TP4: R2=0.9905. Set the stoploss of these orders at breakout of S2=0.9805. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9805. In this situation, there is an expectation to reach the target S3=0.973. Set the stoploss of reverse orders at breakout of S1=0.9825. 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_EU
1
There is a possibility for the beginning of an uptrend in WTCUSDTechnical analysis: . Walton/US Dollar 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 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.644 to 1.281). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.644) Ending of entry zone (1.281) 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= @ 2.522 TP2= @ 3.315 TP3= @ 5.105 TP4= @ 6.34 TP5= @ 7.63 TP6= @ 10.05 TP7= @ 11.80 TP8= @ 18.58 TP9= Free
WLong
by ForecastCity_EU
EURUSD remains oversoldThe euro currency continues to trade on the back foot against the US dollar as pair fails to attract buying interest ahead of Thursday’s ECB meeting. Technical indicators across the lower and higher time frames remain oversold, although a bounce in the EURUSD pair is not forthcoming. The 1.1230 resistance level is the main area short-term bulls need to break for another attempt a the 1.1248 level. The EURUSD pair is only bearish while trading below the 1.1230 level, key support is found at the 1.1190 and 1.1175 levels. If the EURUSD pair trades above the 1.1230 level, bulls could test back towards the 1.1248 and 1.1280 levels.
by OctaFX_Official
GBPUSD 1.2440 major supportThe British pound remains in the doldrums against the US dollar on Tuesday as the pair continues to meet fresh waves of selling around the 1.2500 resistance area. The GBPUSD pair could fall sharply if the 1.2440 support level is broken over the coming sessions. To the upside, bulls need to move price above the 1.2660 level to change the negative technical bias towards the pair. The GBPUSD pair is only bullish while trading above the 1.2510 level, key resistance is located at the 1.2530 and 1.2560 levels. If the GBPUSD pair holds below the 1.2510 level, key support is found at the 1.2440 and 1.2410 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2455. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2515. TP4: R2=1.2555. Set the stoploss of these orders at breakout of S2=1.2435. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2435. In this situation, there is an expectation to reach the target S3=1.2345. Set the stoploss of reverse orders at breakout of S1=1.2455. 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_EU
USDJPY holding bear attackThe US dollar has started the new trading week testing the 108.00 handle against the Japanese yen currency despite escalating geopolitical tension in the Strait of Hormuz. The USDJPY suffered a strong rejection from just below the 109.30 area last week, bears will be looking for a lower weekly high. Overall, USDJPY sellers are likely to target the 107.00 to 106.80 support zone. The USDJPY pair is bearish while trading below the 108.00 level, key support is found at the 107.00 and 106.80 levels. The USDJPY pair is only bullish while trading above the 108.00 level, key technical resistance is found at the 108.93 and 109.23 levels.
by OctaFX_Official
EURUSD decisive week aheadThe euro has opened the new trading week slightly weaker against the US dollar after the pair suffered heavy losses after moving below the 1.1248 level. Going forward, the EURUSD faces a decisive week ahead as the ECB decides on rates and possibly QE timing. Over-delivering or underwhelming are all real risks ahead for the EURUSD pair. In the short-term, a breakout from between the 1.1200 to 1.1248 price range will be the next big mover for the EURUSD pair. The EURUSD pair is only bearish while trading below the 1.1248 level, key support is found at the 1.1200 and 1.1175 levels. If the EURUSD pair trades above the 1.1248 level, bulls could test back towards the 1.1285 and 1.1310 levels.
by OctaFX_Official
There is a trading opportunity to buy in RDDUSDTechnical analysis: . Reddcoin/Dollar 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 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00139200 to 0.00090200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00139200) Ending of entry zone (0.00090200) 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= @ 0.00214000 TP2= @ 0.00270300 TP3= @ 0.00375000 TP4= @ 0.00507000 TP5= @ 0.00598000 TP6= @ 0.00714000 TP7= @ 0.00840000 TP8= @ 0.01169000 TP9= @ 0.00089900 TP10= Free
RLong
by ForecastCity_EU