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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
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
GBPUSD watching 1.2550The British pound continues to enjoy fresh buying interest against the US dollar as bulls hold price above the pivotal 1.2530 level. Further intraday gains above the 1.2550 level could propel the GBPUSD pair towards the 1.2610 resistance area. The GBPUSD pair will post a huge bullish weekly reversal candle if the daily candle closes above the former weekly open, at 1.2551. The GBPUSD pair is bullish while trading above the 1.2530 level, key resistance is located at the 1.2580 and 1.2610 levels. If the GBPUSD pair trades below the 1.2530 level, key support is found at the 1.2510 and 1.2480 levels.
by OctaFX_Official
EURUSD 1.1200 holds againThe euro is trading back above the 1.1248 level against the US dollar in early Friday trade after bears once again failed to move the pair below the 1.1200 level. Bulls now need to move price above the 1.1285 level to encourage fresh EURUSD buying interest. Bears need to break the 1.1200 support level over the coming trading sessions or EURUSD sellers may start to lose conviction. The EURUSD pair is only bearish while trading below the 1.1248 level, key support is found at the 1.1200 and 1.1185 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
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2495. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.256. TP4: R2=1.259. Set the stoploss of these orders at breakout of S2=1.2475. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2475. In this situation, there is an expectation to reach the target S3=1.2385. Set the stoploss of reverse orders at breakout of S1=1.2495. 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
There is a possibility for the beginning of an uptrend in XRPUSDTechnical analysis: . Ripple/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 34. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.29000 to 0.26000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.29000) Ending of entry zone (0.26000) 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= @ 0.35000 TP2= @ 0.38230 TP3= @ 0.42415 TP4= @ 0.48000 TP5= @ 0.57000 TP6= @ 0.70580 TP7= @ 0.79100 TP8= @ 0.96780 TP9= @ 1.41240 TP10= Free
BITFINEX:XRPUSDLong
by ForecastCity_EU
USDJPY 107.00 targetThe US dollar is probing the downside against the Japanese yen currency after being strongly rejected from its key weekly pivot point. A sustained bearish breakdown below the 107.80 level is likely to see the USDJPY pair testing towards at least the 107.50 support level. The USDJPY pair also appears vulnerable to risk-off trading sentiment and a steep decline in global equity markets. The USDJPY pair is bearish while trading below the 108.23 level, sellers may test back towards the 107.50 and 107.10 levels. The USDJPY pair is only bullish while trading above the 108.23 level, key technical resistance remains at the 108.45 and 108.60 levels.
by OctaFX_Official
GBPUSD 1.2480 upcoming resistanceThe British pound continues to recovery against the greenback after the pair found solid technical support from the key 1.2380 level. Sterling traders are now awaiting UK retail sales data, with better than expected numbers likely to provoke a strong test of the 1.2480 area. Worse than expected UK retail sales data may see the GBPUSD pair sold back towards the 1.2415 support level. If the GBPUSD trades below the 1.2440 level, key support is located at the 1.2415 and 1.2380 levels. If the GBPUSD pair holds above the 1.2440 level, key resistance is found at the 1.2480 and 1.2510 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1205. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1255. TP4: R2=1.1285. Set the stoploss of these orders at breakout of S2=1.1195. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1195. In this situation, there is an expectation to reach the target S3=1.113. Set the stoploss of reverse orders at breakout of S1=1.1205. 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
GBPUSD 1.2380 now keyThe British pound remains extremely weak against the US dollar on Wednesday, following a breakout move below the current yearly trading low for the pair. If bulls can defend the 1.2380 level the GBPUSD pair could bounce back towards the 1.2470 level over the coming sessions. A breach of the 1.2380 level is likely to see the GBPUSD sold down towards the 1.2340 support region. The GBPUSD pair is only bullish while trading above the 1.2440 level, key resistance is found at the 1.2470 and 1.2510 levels. If the GBPUSD trades below the 1.2440 level, key support is located at the 1.2400 and 1.2380 levels.
by OctaFX_Official
EURUSD vulnerable below 1.1220The euro is back under downside pressure against the US dollar after the pair was sold heavily following much worse than expected German data. The EURUSD pair is vulnerable to further losses while trading below the 1.1220 level and could easily test it's former weekly low. The June monthly trading low is the key support level to watch if the 1.1200 support region is convincingly broken. The EURUSD pair is bearish while trading below the 1.1220 level, key support is found at the 1.1185 and 1.1168 levels. If the EURUSD pair trades above the 1.1220 level, bulls could test back towards the 1.1248 and 1.1270 levels.
by OctaFX_Official
EURUSD higher high neededThe euro is trading above the 1.1250 level against the US dollar, with the pair remaining contained in a relatively narrow trading range since last Wednesday. Bulls need to break above the 1.1285 level, to encourage a key technical test of the 1.1310 level. Continued weakness under the 1.1248 level could prompt EURUSD bears to test towards the important 1.1220 support level. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1200 levels. If bulls break the 1.1285 level, the EURUSD pair could trade towards the 1.1310 and 1.1355 levels.
by OctaFX_Official
GBPUSD 1.2530 keyThe British pound is struggling to recover higher against the US dollar, ahead of the release of key employment and wage data from the UK economy this morning. The GBPUSD pairs weekly pivot point, at 1.2530 is the key level to watch for signs of a directional bias. A lack of interest to hold the GBPUSD pair above the 1.2530 level may prompt a rebound back towards the 1.2580 area. The GBPUSD pair is only bullish while trading above the 1.2530 level, key resistance is found at the 1.2580 and 1.2610 levels. If the GBPUSD trades below the 1.2530 level, key support is located at the 1.2505 and 1.2470 levels.
by OctaFX_Official