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Dollar

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
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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
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2475. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.254. TP4: R2=1.2575. Set the stoploss of these orders at breakout of S2=1.2455. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2455. In this situation, there is an expectation to reach the target S3=1.2365. Set the stoploss of reverse orders at breakout of S1=1.2475. 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
EURUSD important week aheadThe euro currency is once again edging higher against the US dollar in early Monday as the technical recover from the current monthly low continues. The EURUSD faces an important week ahead as the trading range for the pair continues to narrow, pointing to a possible technical breakout. Bulls need to clearly break the 1.1310 resistance level, while sellers need to hold price under the 1.1200 level. The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1200 levels.
by OctaFX_Official
GBPUSD 1.2610 now keyThe British pound has opened the new trading week on solid footing against the US dollar, following a strong weekly price around the 1.2570 level. GBPUSD bulls need to advance the pair above the 1.2610 level to encourage a test of the key 1.2660 area. Sustained weakness below the 1.2530 level may start to trouble the GBPUSD pair, placing the emphasis back on the 1.2505 level. The GBPUSD pair is bullish while trading above the 1.2550 level, key resistance is found at the 1.2610 and 1.2660 levels. If the GBPUSD trades below the 1.2550 level, key support is located at the 1.2530 and 1.2505 levels.
by OctaFX_Official
EURUSD 1.1310 next big levelThe euro is holding firm above the 1.1248 level against the US dollar in early Friday trade after finding interim resistance from the 1.1280 level. The 1.1310 level will be the major short-term bullish target if EURUSD buyers can break through the 1.1280 barrier today. A sustained move under the 1.1248 level may prompt yet another test of the technically important 1.1220 support level. The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.
by OctaFX_Official
GBPUSD recovery continuesThe British pound is holding above critical support against the US dollar as the pair attempts to post a bullish weekly reversal candle and close the trading week back in the green. GBPUSD bulls ideally need to attack the 1.2660 resistance level to cement the pairs improving the short-term outlook. Sustained moves back under the 1.2505 level should be considered technically bearish for the GBPUSD pair. The GBPUSD pair is bullish while trading above the 1.2530 level, key resistance is found at the 1.2610 and 1.2660 levels. If the GBPUSD trades below the 1.2530 level, key support is located at the 1.2505 and 1.2480 levels.
by OctaFX_Official
EURUSD bullish above 1.1248The euro is continuing to move higher against the US dollar in early Thursday trade, following the dovish FOMC meeting minutes and testimony from Jerome Powell. The EURUSD pair has a bullish intraday bias while trading above the 1.1248 level and may target the 1.1310 level. Technically, a bullish higher-low has also been created on the charts, further encouraging EURUSD buyers. The EURUSD pair is only bullish while trading above the 1.1248 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1248 level, key support is found at the 1.1220 and 1.1205 levels.
by OctaFX_Official
GBPUSD 1.2530 now keyThe British pound has made a recovery above the 1.2500 level against the greenback, following FED Chair Powell’s dovish testimony yesterday. Bulls need to hold price above the 1.2530 level in order to advance the GBPUSD pair back towards the 1.2580 resistance level. Failure around the 1.2530 level may prompt another round of heavy technical selling back towards the 1.2480 price zone. The GBPUSD pair is only bearish while trading below the 1.2530 level, key support is found at the 1.2505 and 1.2480 levels. 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.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.123. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1275. TP4: R2=1.1305. Set the stoploss of these orders at breakout of S2=1.121. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.121. In this situation, there is an expectation to reach the target S3=1.1135. Set the stoploss of reverse orders at breakout of S1=1.123. 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 Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=108.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=109.15. TP4: R2=109.35. Set the stoploss of these orders at breakout of S2=108.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=108.45. In this situation, there is an expectation to reach the target S3=107.8. Set the stoploss of reverse orders at breakout of S1=108.65. 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 REPUSDTechnical analysis: . Augur/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 50. . The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.000 to 11.000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.000) Ending of entry zone (11.000) 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: Take Profits: TP1= @ 21.00 TP2= @ 27.40 TP3= @ 32.46 TP4= @ 41.17 TP5= @ 49.15 TP6= @ 62.64 TP7= @ 76.11 TP8= @ 95.30 TP9= @ 119.77 TP10= Free
RLong
by ForecastCity_EU
EURUSD 1.1180 low in focusThe euro has slipped back towards the worst trading levels of the month against the US dollar after the pair failed to move above the 1.1240 resistance area. The EURUSD pair could test towards the last important technical low, at 1.1180, if the 1.1205 level is broken. In summary, the next short-term directional breakout will open once the 1.1205 to 1.1240 range is broken. The EURUSD pair is only bullish while trading above the 1.1240 level, key technical resistance is found at the 1.1255 and 1.1280 levels. If the EURUSD pair trades below the 1.1205 level, key support is found at the 1.1180 and 1.1150 levels.
by OctaFX_Official
USDJPY holding gainsThe US dollar has made a strong upside break against the Japanese yen as the pair looks past the recent declines in global equity markets. The four-hour time frame shows a large bullish pattern, which holds one hundred and seventy point upside projection. Technical indicators are also turning higher and lending support to the recent range breakout in the USDJPY pair. The USDJPY pair is bullish while trading above the 109.60 level, key technical resistance is found at the 109.00 and 110.000 levels. If the USDJPY pair trades below the 108.60 level, key technical support is found at the 108.45 and 108.10 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.25. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2555. TP4: R2=1.259. Set the stoploss of these orders at breakout of S2=1.248. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.248. In this situation, there is an expectation to reach the target S3=1.239. Set the stoploss of reverse orders at breakout of S1=1.25. 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
GBPUSD soft bounceThe British pound is attempting to recover above the 1.2500 level against the US dollar, after finding interim support from the 1.2480 level on Friday. The bullish inverted head and shoulders pattern has been invalidated on the lower time frames, although the multi-year low around the 1.2430 remains unbroken. The 1.2505 level is now the key daily and weekly pivot point to watch for the GBPUSD pair. The GBPUSD pair is heavily bearish while trading below the 1.2505 level, key support is found at the 1.2480 and 1.2445 levels. GBPUSD pair is only bullish while trading above the 1.2570 level, key resistance is found at the 1.2610 and 1.2660 levels.
by OctaFX_Official
EURUSD 1.1255 Key SupportThe euro has opened the new trading week with a bearish tone against the US dollar, following the strong Non-farm payrolls headline number last Friday. EURUSD sellers need to breach the 1.1205 level, while bulls need to move price back above the 1.1255 level encourage technical buying. A sustained move below the 1.1205 support level would be extremely bearish for the EURUSD. The EURUSD pair is only bullish while trading above the 1.1255 level, key technical resistance is found at the 1.1280 and 1.1310 levels. If the EURUSD pair trades below the 1.1205 level, key support is found at the 1.1170 and 1.1135 levels.
by OctaFX_Official
EURUSD testing supportThe euro currency is testing towards the worst levels of the month against the US dollar, following more technical rejections from the 1.1300 resistance level. The four-hour time frame shows that a sustained break under the 1.1280 level is needed to provoke the next round of EURUSD selling. Key bearish targets under the 1.1280 level remain the 1.1255 and 1.1222 support regions. The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels. If the EURUSD pair trades below the 1.1280 level, key support is found at the 1.1255 and 1.1222 levels.
by OctaFX_Official