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EURUSD 1.1165 breakdown levelThe euro currency has fallen to a fresh weekly trading low against the US dollar after yet another technical failure above the 1.1200 resistance level. If EURUSD sellers can hold price the 1.1165 level the pair is likely to weaken towards the 1.1130 support level. Buyers will need to move price above the 1.1216 resistance level in order to change the bearish intraday sentiment towards the EURUSD. The EURUSD pair is heavily bearish while below the 1.1165 level, key technical support is found at the 1.1130 and 1.1110 levels. If the EURUSD pair moves above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1264 levels.
by OctaFX_Official
USDJPY rejected from 110.00The US dollar is once turning lower against the Japanese yen currency after the recent rally in the pair found strong resistance from the 110.00 level. If sellers can move price back under the 109.66 level technical selling in the USDJPY pair is likely to increase. Technical indicators on the four-hour time frame have now corrected back to neutral and are ready for the next directional move. 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 110.20 levels.
by OctaFX_Official
Don't miss the great buy opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1292.95). 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 57. Take Profits: TP1= @ 1303.25 TP2= @ 1310.50 TP3= @ 1324.45 SL= @ 1281.00
FX:XAUUSDLong
by ForecastCity_EU
EURUSD bearish below 1.1216The euro is testing towards the 1.1200 level against the US dollar after bulls once again failed to break above the pairs former weekly trading high. The overall sentiment towards the EURUSD pair is intraday bearish while trading below the 1.1216 level. Buyers need to stabilize the EURUSD pair above the 1.1230 resistance level to encourage the next wave of strong buying interest. The EURUSD pair is only bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1230 and 1.1264 levels. If the EURUSD pair moves below the 1.1216 level, key technical support is found at the 1.1190 and 1.1164 levels.
by OctaFX_Official
GBPUSD 1.2890 support now keyThe British pound has erased its strong weekly gains against the US dollar following renewed demand for the greenback amongst investors. The 1.2890 level is the key downside level to watch intraday, with technical selling likely to increase if bears hold price below this key area. Bulls now need to move price above the 1.2950 level to stabilize the GBPUSD pair from further intraday declines. The GBPUSD pair is bearish while trading below the 1.2950 level, key support is located at the 1.2890 and 1.2866 levels. If the GBPUSD pair trades above the 1.2950 level, key intraday resistance is found at the 1.2966 and 1.2990 levels.
by OctaFX_Official
USDJPY 108.49 next big levelThe US dollar has fallen to a fresh monthly trading low against the Japanese yen currency after the Chinese government announced retaliatory measures to US trade tariffs. The 108.49 level is major weekly support if sellers move the USDJPY pair below the 109.00 support level. The USDJPY pair offers only limited technical support until the 107.90 level if the 108.49 level is breached. The USDJPY pair is heavily bearish while trading below the 109.50, key support is found at the 109.00 and 108.49 levels. If the USDJPY pair trades above the 109.50 level, key intraday resistance is found at the 109.80 and 110.00 levels.
by OctaFX_Official
GBPUSD awaiting key dataThe British pound has started to recover higher against the US dollar ahead of the release of important United Kingdom Wage and Earnings data later this morning. The GBPUSD pair has a bullish intraday bias while trading above the 1.3064 level and could start to target the 1.3100 level. If the GBPUSD pair falls below the 1.2990 level, sellers are likely to target the 1.2966 support level. The GBPUSD pair is intraday bullish while trading above the 1.3064 level, key resistance is located at the 1.3100 and 1.3155 levels. If the GBPUSD pair trades below the 1.2990 level, key intraday support is found at the 1.2966 and 1.2925 levels.
by OctaFX_Official
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.01. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.0045. TP4: S2=1. Set the stoploss of these orders at breakout of R2=1.013. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.013. In this situation, there is an expectation to reach the target R3=1.0215. Set the stoploss of reverse orders at breakout of R1=1.01. 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
There is a trading opportunity to buy 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 46. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.09934000 to 0.08942000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.09934000) Ending of entry zone (0.08942000) 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= @ 0.11930000 TP2= @ 0.13400000 TP3= @ 0.14770000 TP4= @ 0.17342000 TP5= @ 0.18912000 TP6= @ 0.20730000 TP7= @ 0.23610000 TP8= @ 0.28670000 TP9= @ 0.33745000 TP10= Free
SLong
by ForecastCity_EU
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.0065. TP4: S2=1.0045. Set the stoploss of these orders at breakout of R2=1.0115. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.0115. In this situation, there is an expectation to reach the target R3=1.018. Set the stoploss of reverse orders at breakout of R1=1.0105. 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
EURUSD buyers now in controlThe euro has opened the new trading week with a bullish bias against the US dollar after the pair closed the former trading week well above the 1.1200 level. If EURUSD buyers can move price above the 1.1264 level the 1.1290 level is then key breakout technical resistance. If sellers can move price under the 1.1216 level the EURUSD pair may start to come under pressure. The EURUSD pair is only bullish while trading above the 1.1216 level, key technical resistance is found at the 1.1264 and 1.1290 levels. If the EURUSD pair moves below the 1.1216 level, key technical support remains at the 1.1190 and 1.1164 levels.
by OctaFX_Official
USDJPY still weakThe US dollar has opened the trading week under pressure against the Japanese yen as Asian equity markets suffer early week losses. The USDJPY pair is likely to come under additional downside selling pressure if the 109.40 level is broken with conviction. If the USDJPY pair advances above the 110.00 level, buyers could force price back towards the 110.30 technical level. The USDJPY pair is bearish while trading below the 110.00, key intraday support is found at the 109.40 and 108.80 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
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: A peak is formed in daily chart at 66.50 on 04/23/2019, so more losses to support(s) 60.15, 58.05 and minimum to Major Support (55.20) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 46. 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: 3111 point Closed trade(s): 822 point Profit Open trade(s): 2289 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) - 61.84(current price) = 327 point 7 trade(s) still open, therefore total profit for open trade(s) is 327 x 7 = 2289 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
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=1.125. TP4: R2=1.1265. Set the stoploss of these orders at breakout of S2=1.1185. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1185. In this situation, there is an expectation to reach the target S3=1.111. Set the stoploss of reverse orders at breakout of S1=1.1205. 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
USDCAD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.344. TP4: S2=1.341. Set the stoploss of these orders at breakout of R2=1.3515. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.3515. In this situation, there is an expectation to reach the target R3=1.3585. Set the stoploss of reverse orders at breakout of R1=1.35. 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 heavily bearish below 1.3064The British pound is coming under renewed downside pressure against the US dollar on Wednesday due to political uncertainty in the United Kingdom. The GBPUSD pair is heavily bearish while trading below the 1.3064 and may weaken towards the 1.2990 level. If buyers hold price above the 1.3064 level the GBPUSD pair may drift back towards the 1.3100 resistance level. The GBPUSD pair is heavily bearish while trading below the 1.3064 level, key support is found at the 1.3039 and 1.2990 levels. If the GBPUSD pair trades above the 1.3064 level, key intraday resistance is found at the 1.3100 and 1.3135 levels.
by OctaFX_Official
USDJPY 109.80 now keyThe US dollar continues to tumble lower against the Japanese yen on Wednesday as global equity markets come under a fresh round of selling pressure. The USDJPY pair is moving closer to the important 109.80 now that the 110.00 level support level has been broken. The bullish pattern on the four-hour time frame has now been invalidated by the recent drop in the USDJPY pair. The USDJPY pair is heavily bearish while trading below the 110.25, key intraday support is found at the 109.80 and 109.50 levels. If the USDJPY pair trades above the 110.25 level, key intraday resistance is found at the 110.80 and 111.10 levels.
by OctaFX_Official
GBPUSD only intraday bearish below 1.3100The British pound is trading above to the 1.3100 level against the US dollar in early Tuesday trade as the pair attempts to recover back towards the 1.3174 resistance level. The GBPUSD pair still has a bullish weekly trading bias while trading above the important 1.3064 level. Traders remain cautious about GBPUSD positioning, due to the much-anticipated release of the United Kingdom first-quarter GDP report later this week. The GBPUSD pair is only intraday bearish while trading below the 1.3100 level, key support is found at the 1.3064 and 1.3000 levels. If the GBPUSD pair trades above the 1.3100 level, key intraday resistance is found at the 1.3150 and 1.3174 levels.
by OctaFX_Official
EURUSD 1.1250 strong resistanceThe euro is attempting to recover bullish momentum against the US dollar in early Tuesday trade after the pair stabilized above the 1.1190 support level. The EURUSD pair is likely to target the 1.1265 level, although the 1.1250 level still offers strong intraday technical resistance. The four-hour time frame is starting to show a potential head and shoulders pattern taking shape. The EURUSD pair is only intraday bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1250 and 1.1264 levels. If the EURUSD pair moves below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.122. TP4: R2=1.126. Set the stoploss of these orders at breakout of S2=1.117. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.117. In this situation, there is an expectation to reach the target S3=1.1105. Set the stoploss of reverse orders at breakout of S1=1.118. 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 heavily bearish below 110.90The US dollar has come under renewed downside pressure against the Japanese yen on Monday, following bearish comments surrounding Sino-US trade talks from President Trump. The USDJPY pair has a strong bearish intraday bias while trading below the 110.90 level and may target the 110.00 level. Traders should be aware that the large inverted head and shoulders pattern on the four-hour time frame still remains valid. The USDJPY pair is heavily bearish while trading below the 110.90, key intraday support is found at the 110.40 and 110.00 levels. If the USDJPY pair trades above the 110.90 level, key intraday resistance remains at the 111.30 and 111.60 levels.
by OctaFX_Official
3
EURUSD bullish above 1.1190The euro continues to recover higher against the greenback after the pair found strong dip-buying interest from the 1.1135 support level. The EURUSD pair could advance back towards the 1.1250 level of bulls can maintain price above the 1.1190 support level. Technical indicators across the four-hour time frame also suggest that the EURUSD pair can continue to trade higher. The EURUSD pair is only intraday bullish while trading above the 1.1190 level, key technical resistance is found at the 1.1216 and 1.1250 levels. If the EURUSD pair moves below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.
by OctaFX_Official
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.30793). 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.31810 TP2= @ 1.32600 TP3= @ 1.3350 SL= @ 1.30427
Long
by ForecastCity_EU