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EURUSD 1.1216 upcoming resistanceThe euro is trading towards the best levels of the week against the US dollar after the pair moved above the major technical resistance, at 1.1174. If the EURUSD pair continues to trade above the 1.1174 level, the next key resistance area to watch is the 1.1216 level. EURUSD traders are now awaiting the release of French and eurozone GDP data this morning, with expectations tilted to the upside. The EURUSD pair is only bearish while trading below the 1.1174 level, key technical support is found at the 1.1150 and 1.1135 levels. If the EURUSD pair holds above 1.1174 level, key intraday resistance is found at the 1.1216 and 1.1250 levels.
by OctaFX_Official
USDJPY turning bearishThe US dollar is back under pressure against the Japanese yen currency on Tuesday after the pair found strong resistance from the 111.88 level. The sentiment towards the USDJPY pair is intraday bearish while price trades below the 111.60 technical level. If sellers can move price under the 111.40 level they will trigger a head and shoulders pattern with a downside projection of fifty points. The USDJPY pair is bearish while trading below the 111.60, key intraday support is found at the 111.40 and 110.90 levels. If the USDJPY pair trades above the 111.60 level, key intraday resistance remains at the 111.88 and 112.00 levels.
by OctaFX_Official
EURUSD still bearishThe euro currency is back under downside pressure against the US dollar in early Monday trade after finding strong technical resistance from the 1.1174 level. Weakness below the 1.1135 support level should trigger the next round of technical selling in the EURUSD pair. Traders now await the release of key inflation data from the United States, ahead of Wednesday FOMC interest rate decision. The EURUSD pair is bearish while trading below the 1.1135 level, key technical support is found at the 1.1100 and 1.1050 levels. If the EURUSD pair trades above 1.1135 level, key intraday resistance is found at the 1.1174 and 1.1200 levels.
by OctaFX_Official
GBPUSD neutral intraday biasThe British pound is attempting to trade above the 1.2900 level against the US dollar in early week trade as technical indicators continue to correct from oversold conditions. The GBPUSD pair has so far found resistance from the 1.2943 level, although the 1.2975 level is critical weekly resistance. To the downside, weakness below the 1.2900 is likely to trigger a technical test of the 1.2865 level. The GBPUSD pair is only bearish while trading below the 1.2900 level, key support is then found at the 1.2865 and 1.2840 levels. If the GBPUSD pair trades above 1.2900 level, key intraday resistance is found at the 1.2943 and 1.2975 levels.
by OctaFX_Official
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 38. . 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= @ 0.11080000 TP2= @ 0.11930000 TP3= @ 0.13807000 TP4= @ 0.17342000 TP5= @ 0.18912000 TP6= @ 0.20730000 TP7= @ 0.23610000 TP8= @ 0.28670000 TP9= @ 0.33745000 TP10= Free
SLong
by ForecastCity_EU
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 39. . 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 (104.000 to 84.000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (104.000) Ending of entry zone (84.000) 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: 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
EURUSD 1.1116 key supportThe euro currency has suffered another bearish daily price close against the US dollar, with the pair so far finding weekly support from the 1.1116 level. If the EURUSD pair breaks the 1.1116 level the 1.1100 level now offers the strongest form on intraday support. If the EURUSD pair corrects higher, the 1.1175 level is now key upside technical resistance on an intraday basis. The EURUSD pair is intraday bearish while trading below the 1.1175 level, key technical support is found at the 1.1116 and 1.1100 levels. If the EURUSD pair trades above 1.1150 level, key intraday resistance is found at the 1.1175 and 1.1200 levels.
by OctaFX_Official
USDJPY bearish below 111.60The US dollar is coming under pressure against the Japanese yen currency following a fake technical breakout above the 112.00 level. The intraday sentiment towards the USDJPY pair remains bearish while price trades below the 111.60 support level. Overall, the next large directional move in the USDJPY is likely to come after the release of first quarter GDP from the US economy later today. The USDJPY pair is only bullish while trading above the 111.60, key intraday resistance is found at the 112.00 and 112.40 levels. If the USDJPY pair trades below the 111.60 level, key intraday support remains at the 111.30 and 111.10 levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=111.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=111.35. TP4: S2=111.25. Set the stoploss of these orders at breakout of R2=111.8. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=111.8. In this situation, there is an expectation to reach the target R3=112.35. Set the stoploss of reverse orders at breakout of R1=111.7. 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
1
GBPUSD testing 1.2900 levelThe British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate immediate bear pressure. The GBPUSD pair is heavily bearish while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels. If the GBPUSD pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.
by OctaFX_Official
EURUSD targeting 1.1100The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the 1.1100 support level. The EURUSD pair is heavily bearish while trading below the 1.1175 level, key technical support is found at the 1.1135 and 1.1100 levels. If the EURUSD pair trades above 1.1175 level, key intraday resistance is found at the 1.1216 and 1.1230 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.119. In this situation, there is an expectation to reach the target R3=1.1255. Set the stoploss of reverse orders at breakout of R1=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!
Short
by ForecastCity_EU
EURUSD heavily bearish below 1.1216The euro has come back under pressure against the greenback as the US dollar index advances to its highest level since June 2017. The EURUSD pair is heavily bearish while trading below the 1.1216 level, with the 1.1175 level critical support below. The bearish head and shoulders pattern on the four-hour time frame is showing that the EURUSD pair could fall towards the 1.1000 level. The EURUSD pair is heavily bearish while trading below the 1.1216 level, key technical support remains at the 1.1175 and 1.1130 levels. If the EURUSD pair trades above 1.1230 level, key intraday resistance is found at the 1.1250 and 1.1280 levels.
by OctaFX_Official
GBPUSD further downside expectedThe British pound is under heavy downside pressure against the US dollar, with the pair now trading at its weakest level in over eight weeks. The GBPUSD pair is heavily bearish while trading below the 1.2960 level and is likely to fall towards the 1.2880 level. The four-hour time frame is showing a large head and shoulders pattern, with the GBPUSD pair now trading below the neckline. The GBPUSD pair is bearish while trading below the 1.2960 level, key support is found at the 1.2880 and 1.2840 levels. If the GBPUSD pair trades above 1.2960 level, key intraday resistance is found at the 1.2975 and 1.3000 levels.
by OctaFX_Official
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.664. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6675. TP4: R2=0.6705. Set the stoploss of these orders at breakout of S2=0.663. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.663. In this situation, there is an expectation to reach the target S3=0.6565. Set the stoploss of reverse orders at breakout of S1=0.664. 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 testing weekly pivotThe US dollar has fallen back towards its weekly pivot point against the Japanese yen currency after buyers failed to move price above the 112.00 level. The move lower is currently seen as a technical correction, as bulls have been able to maintain the USDJPY pair above the pivotal 111.68 level. The inverted head and shoulders pattern on the four-hour time frame remains valid while price trades above the 110.30 level. The USDJPY pair is intraday bullish while trading above the 111.68, key intraday resistance is found at the 112.00 and 113.20 levels. If the USDJPY pair trades below the 111.68 level, key intraday support is found at the 111.30 and 110.90 levels.
by OctaFX_Official
EURUSD edging higherThe euro currency continues to edge higher against the US dollar in early Tuesday trade, following a breakout above the 1.1250 level. If buyers hold price above the 1.1250 level the EURUSD pair faces strong weekly technical resistance from the 1.1280 level. Both the Momentum and the MACD indicators on the four-hour time frame are correcting from oversold conditions. The EURUSD pair is only intraday bearish while trading below the 1.1250 level, key technical support remains at the 1.1230 and 1.1216 levels. If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1280 and 1.1300 levels.
by OctaFX_Official
EURUSD + GBPUSDEURUSD 1.1216 major support The euro currency is attempting to correct higher against the US dollar in early week trading, amidst quiet market conditions. Technical indicators on the lower time frames have now corrected from oversold conditions, with EURUSD the pair still struggling to break past the 1.1250 resistance level. Sellers need to breach the 1.1216 support level to further encourage selling towards critical weekly support, at 1.1175. The EURUSD pair is intraday bearish while trading below the 1.1250 level, key technical support is found at the 1.1216 and 1.1175 levels. If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1280 and 1.1300 levels. GBPUSD bears targeting 1.2940 The British pound currency has opened the new trading week under pressure against the US dollar following a bearish weekly price close below the 1.2985 level. The 1.2940 level is the next downside target for sellers, with the 1.2880 level the overall downside objective. Only a sustained move above the 1.3030 level can negate intraday selling pressures surrounding the GBPUSD pair. The GBPUSD pair is heavily bearish while trading below the 1.2985 level, key support is found at the 1.2940 and 1.2880 levels. If the GBPUSD pair trades above 1.2985 level, key intraday resistance is found at the 1.3000 and 1.3030 levels.
by OctaFX_Official
Don't miss the great sell opportunity in GoldTrading suggestion: . There is a possibility of temporary retracement to resistance support line (1280.90). 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 downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 29. Take Profits: TP1= @ 1272.90 TP2= @ 1260.60 TP3= @ 1240.55 SL= @ 1285.25
FX:XAUUSDShort
by ForecastCity
14
NZDUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6785. TP4: R2=0.68. Set the stoploss of these orders at breakout of S2=0.6715. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.6715. In this situation, there is an expectation to reach the target S3=0.664. Set the stoploss of reverse orders at breakout of S1=0.6735. 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
2
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.128. In this situation, there is an expectation to reach the target S3=1.1215. Set the stoploss of reverse orders at breakout of S1=1.129. 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
2