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EURUSD 1.1165 upcoming supportThe euro is starting to retrace recent gains against the US dollar following renewed financial market fears about the Italian economy. Sustained weakness below the 1.1190 level will likely prompt a further technical test of the important 1.1165 support level. Overall, weaker than expected economic data coming from the United States economy is needed to boost the EURUSD pair higher. The EURUSD pair is only bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1235 and 1.1265 levels. If the EURUSD pair trades below the 1.1190 level, key technical support is found at the 1.1165 and 1.1135 levels.
by OctaFX_Official
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6525. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.656. TP4: R2=0.658. Set the stoploss of these orders at breakout of S2=0.6515. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6515. In this situation, there is an expectation to reach the target S3=0.645. Set the stoploss of reverse orders at breakout of S1=0.6525. 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 Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1185. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.122. TP4: R2=1.124. Set the stoploss of these orders at breakout of S2=1.1175. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1175. In this situation, there is an expectation to reach the target S3=1.111. Set the stoploss of reverse orders at breakout of S1=1.1185. 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 bulls need to break 1.1265The euro is gaining traction above the 1.1190 level against the US dollar as the pair continues to benefit from weakness in the greenback. EURUSD bulls are now testing the pairs 200-period moving average on the four-hour time frame, with the 1.1235 level the next key resistance area to watch above. A sustained move above the 1.1265 level will likely trigger heavy technical buying towards at least the 1.1290 level. The EURUSD pair is only bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1235 and 1.1265 levels. If the EURUSD pair trades below the 1.1190 level, key technical support is found at the 1.1165 and 1.1135 levels.
by OctaFX_Official
109.00 major supportThe US dollar has opened early Monday trading under downside pressure against the Japanese yen after the pair suffered its softest weekly price close since January 2019. If USDJPY sellers can force price below the 109.00 support level, the 108.40 level will then start to come into focus. USDJPY bulls need to move price above the 109.80 level to negate the heavily bearish sentiment surrounding the pair. The USDJPY pair is heavily bearish while trading below the 109.00 level, key support is found at the 108.40 and 107.70 levels. If the USDJPY pair trades above the 109.80 level, key intraday resistance is found at the 110.00 and 110.30 levels.
by OctaFX_Official
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis: . 0x/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 (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.289000) Ending of entry zone (0.227000) 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= @ 0.415000 TP2= @ 0.484000 TP3= @ 0.618000 TP4= @ 0.700000 TP5= @ 0.861000 TP6= @ 1.056000 TP7= @ 1.253000 TP8= Free
BINANCE:ZRXUSDLong
by ForecastCity_EU
USDJPY bearish below 110.00The US dollar is now under heavy selling pressure against the Japanese yen, following much weaker than expected PMI manufacturing data from the United States economy. The USDJPY pair has a bearish intraday bias while trading below the 110.00 level and could soon target the 109.00 level. If the 109.00 level is broken the 108.40 level then offers the strongest form of weekly support. The USDJPY pair is intraday bearish while trading below the 110.00 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 110.00 level, key intraday resistance is found at the 110.30 and 110.60 levels.
by OctaFX_Official
EURUSD bullish above 1.1190The euro currency has reversed direction against the US dollar, following much weaker than expected economic data from the United States economy on Thursday. The EURUSD pair has an intraday bullish bias while trading above the 1.1190 level and would only perform a key technical breakout above the 1.1265 level. Sentiment remains mixed ahead of the EU election result, while a weekly price close below the 1.1130 level will be taken as a bearish sign for the EURUSD pair. The EURUSD pair is bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1230 and 1.1265 levels. If the EURUSD pair moves under the 1.1165 level, key technical support is found at the 1.1130 and 1.1100 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.12. TP4: R2=1.1225. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114. In this situation, there is an expectation to reach the target S3=1.1065. Set the stoploss of reverse orders at breakout of S1=1.116. 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
Don't miss the great buy opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1279.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD 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 65. Take Profits: TP1= @ 1288.15 TP2= @ 1292.95 TP3= @ 1303.25 SL= @ 1275.80
FX:XAUUSDLong
by ForecastCity_EU
GBPUSD 1.2623 now key supportThe British pound has staged a minor technical recovery against the US dollar after the pair quickly fell towards the 1.2623 level over reports that British PM Theresa May could soon quit. Further medium-term weakness is still expected while the GBPUSD pair trades below the 1.2660 level, with the 1.2550 level is still the overall bearish target. Bulls will need to move price above the 1.2756 resistance level to shift the extreme negative sentiment surrounding the pair. The GBPUSD pair is heavily bearish while trading below the 1.2660 level, key support is located at the 1.2623 and 1.2550 levels. If the GBPUSD pair trades above the 1.2660 level, key intraday resistance is found at the 1.2710 and 1.2756 levels.
by OctaFX_Official
USDJPY slight bearish biasThe US dollar is under slight downward pressure against the Japanese yen currency on Thursday as the pair continues to correct lower after finding strong resistance above the 110.60 level. Further losses below the 110.20 support level should trigger additional intraday weakness towards the psychological 110.00 level. The 110.90 level is now the strongest form of weekly technical resistance for the USDJPY pair above the 110.60 level. The USDJPY pair is intraday bullish while trading above the 110.30 level, key resistance is found at the 110.60 and 110.90 levels. If the USDJPY pair trades below the 110.30 level, key intraday support is found at the 110.20 and 110.00 levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=110.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=110.05. TP4: S2=109.8. Set the stoploss of these orders at breakout of R2=110.65. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=110.65. In this situation, there is an expectation to reach the target R3=111.3. Set the stoploss of reverse orders at breakout of R1=110.45. 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!
Short
by ForecastCity_EU
GBPUSD awaiting inflationThe British pound has reversed back towards 1.2700 level against the US dollar after briefing spiking above the 1.2800 after reports that the UK may hold a second Brexit referendum. The GBPUSD pair has a bearish intraday bias while trading below the 1.2756 level and may remain weak due to uncertainty over the European elections. Technical indicators on the four-hour time frame still suggest that the GBPUSD pair can trade lower. The GBPUSD pair is bearish while trading below the 1.2756 level, key support is located at the 1.2690 and 1.2660 levels. If the GBPUSD pair trades above the 1.2756 level, key intraday resistance is found at the 1.2772 and 1.2810 levels.
by OctaFX_Official
USDJPY bullish above 110.60The US dollar has staged a strong upside recovery against the Japanese yen currency, with the pair reaching its upside corrective target. The USDJPY pair has a weekly bullish bias while trading above the 110.60 level and may target the 111.00 level if buyers can maintain upside pressure. Technical failure around the 110.60 level will likely prompt a test of the 110.20 support level. The USDJPY pair is intraday bullish while trading above the 110.66 level, key resistance is found at the 111.00 and 111.30 levels. If the USDJPY pair trades below the 110.60 level, key intraday support is found at the 110.20 and 109.80 levels.
by OctaFX_Official
There is 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 55. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.559 to 0.426). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.559) Ending of entry zone (0.426) 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= @ 0.8250 TP2= @ 1.0013 TP3= @ 1.1920 TP4= @ 1.6550 TP5= @ 2.4540 TP6= @ 3.8160 TP7= @ 4.9180 TP8= Free
ALong
by ForecastCity_EU
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis: . NEM/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 63. . 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 (0.0850 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0850) Ending of entry zone (0.0634) 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= @ 0.1330 TP2= @ 0.1681 TP3= @ 0.1982 TP4= @ 0.2765 TP5= @ 0.3686 TP6= @ 0.4567 TP7= @ 0.7177 TP8= @ 1.1405 TP9= Free
BITTREX:XEMUSDLong
by ForecastCity_EU
GBPUSD weakness persistsThe British pound has weakened back towards the 1.2700 support level against the US dollar after the pair found strong selling interest from the 1.2756 level on Monday. Technical selling in the GBPUSD pair is likely to accelerate if bears can force price below the 1.2700 level. The 1.2662 level is the major weekly support level to watch below the 1.2700, with the GBPUSD pair below offering only limited technical support below. The GBPUSD pair is heavily bearish while trading below the 1.2700 level, key support is located at the 1.2660 and 1.2600 levels. If the GBPUSD pair trades above the 1.2756 level, key intraday resistance is found at the 1.2772 and 1.2790 levels.
by OctaFX_Official
USDJPY chasing bullish targetThe US dollar has recovered back above 110.00 level against the Japanese yen currency following a brief correction towards the 109.70 support level. USDJPY bulls now appear to be launching a fresh attack towards key breakout resistance, at the 110.60 resistance level. Technical indicators on the four-hour time frame are still pointing higher as short-term bullish momentum continues to grow. The USDJPY pair is bullish while trading above the 109.66 level, key resistance is found at the 110.20 and 110.60 levels. If the USDJPY pair trades below the 110.00 level, key intraday support is found at the 109.66 and 109.00 levels.
by OctaFX_Official
GBPUSD vulnerable below 1.2772The British pound has opened the new trading week on soft footing against the US dollar, with the pair now slipping closer to the 1.2700 level. If the 1.2700 support level is breached, GBPUSD sellers are likely to target towards the important 1.2662 level. Overall, the GBPUSD pair is vulnerable to heavy technical selling while trading below the pivotal 1.2772 resistance level. The GBPUSD pair is heavily bearish while trading below the 1.2772 level, key support is found at the 1.2700 and 1.2662 levels. If the GBPUSD pair trades holds above the 1.2772 level, key intraday resistance is found at the 1.2810 and 1.2830 levels.
by OctaFX_Official
USDJPY 110.60 major resistanceThe US dollar is trading back above the 110.00 level against the Japanese yen currency following a renewed bid tone surrounding the greenback. If USDJPY bulls can continue to hold price above the 110.00 level we may see another technical attempt towards the resistance 110.60 level. The 109.66 support level now becomes the key weekly pivot point for the USDJPY pair. The USDJPY pair is only bearish while trading below the 109.66 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair holds above the 109.66 level, key intraday resistance is found at the 110.00 and 110.60 levels.
by OctaFX_Official
A trading opportunity to sell in USOILMidterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 66.50 on 04/23/2019, so more losses to support(s) 61.85, 60.15, 58.05 and minimum to Major Support (55.20) 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. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (64.70 to 66.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (64.70) Ending of entry zone (66.50) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", 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 special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 9 SELL trade(s) @ 65.11 (day close price) based on 'Peak' at 2019.04.25. Total Profit: 2404 point Closed trade(s): 822 point Profit Open trade(s): 1582 point Profit Closed Profit: TP1 @ 61.85 touched at 2019.05.02 with 326 point Profit. TP2 @ 60.15 touched at 2019.05.06 with 496 point Profit. 326 + 496 = 822 point Open Profit: Profit for one trade is 65.11(open price) - 62.85(current price) = 226 point 7 trade(s) still open, therefore total profit for open trade(s) is 226 x 7 = 1582 point All SLs moved to Break-even point. Take Profit: TP3= @ 58.05 TP4= @ 55.20 TP5= @ 52.80 TP6= @ 49.50 TP7= @ 45.80 TP8= @ 42.60 TP9= Free
TVC:USOILShort
by ForecastCity_EU