Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 1.1741
TP2= @ 1.1699
TP3= @ 1.1602
TP4= @ 1.1506
TP5= @ 1.1420
SL: Break Above R2
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E-DOLLAR
Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6614). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6575
TP2= @ 0.6505
TP3= @ 0.6446
TP4= @ 0.6376
TP5= @ 0.6333
SL: Break Above R2
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ZECUSD Update: Profit=124950 SL=11600 Reward/Risk > 10.7:1 Trade Setup summary:
Profit targets=124950 pip (2100 + 3965 + 5205 + 7040 + 8640 +9870 + 14980 + 19540 + 23670 + 29940)
Stop Loss =11600 pip
Reward/Risk > 10.7 : 1
Current Status:
Total Profit: 7732 pip
Closed trade(s): 4192 pip Profit
Open trade(s): 3540 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.12 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.22 with 1516 pip Profit.
TP2 @ 75.60 touched at 2020.08.01 with 2676 pip Profit.
1516 + 2676 = 4192
Open Profit:
Profit for one trade is 84.24(current price) - 48.84(open price) = 3540 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3540 x 1 = 3540 pip
Technical analysis:
. ZECUSD 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 73.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (75.60) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 96.60
TP2= @ 115.25
TP3= @ 127.65
TP4= @ 146.00
TP5= @ 162.00
TP6= @ 174.30
TP7= @ 225.40
TP8= @ 271.00
TP9= @ 312.30
TP10= @ 375.00
SL= Break below 64.00
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Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF 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= @ 0.9260
TP2= @ 0.9362
TP3= @ 0.6937
TP4= @ 0.9455
TP5= @ 0.9585
SL= Break below S2
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Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (105.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY is in a range bound and the beginning of uptrend is expected.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 105.05
TP2= @ 106.90
TP3= @ 108.17
TP4= @ 109.73
TP5= @ 111.50
SL= Break below S2
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SILVER Weekly Technical Analysis UpdateMidterm forecast:
18.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 18.95 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 25.10, 26.20, 27.00 and more heights 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 77.
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ETHUSD Update: Profit=46750 SL=15500 Reward/Risk > 3:1 Trade Setup summary:
Profit targets=46750 pip (2900 + 5250 + 8520 + 12220 + 17860)
Stop Loss =15500 pip
Reward/Risk > 3 : 1
Current Status:
Total Profit: 13929 pip
Closed trade(s): 13929 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit.
TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit.
TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit.
TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit.
TP5 @ 286.79 touched at 2020.07.24 with 5745 pip Profit.
800 + 1543 + 2405 + 3436 + 5745 = 13929
Technical analysis:
. ETHUSD 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 83.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 393.00
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL= Break below 333.00
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BTCUSD Update: Profit=340900 SL=78800 Reward/Risk > 4.3:1 Trade Setup summary:
Profit targets=340900 pip (28000 + 56500 + 91400 + 165000)
Stop Loss =78800 pip
Reward/Risk > 4.3 : 1
Current Status:
Total Profit: 111758 pip
Closed trade(s): 38558 pip Profit
Open trade(s): 73200 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 11367.21 based on 'previous Forecast' at 2020.07.31 :
Closed Profit:
TP1 @ 11420.0 touched at 2020.08.01 with 5279 pip Profit.
TP2 @ 11700.0 touched at 2020.08.01 with 33279 pip Profit.
5279 + 33279 = 38558
Open Profit:
Profit for one trade is 11611.21(current price) - 11367.21(open price) = 24400 pip
3 trade(s) still open, therefore total profit for open trade(s) is 24400 x 3 = 73200 pip
Break Even 11223.00
Technical analysis:
. BTCUSD 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 69.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (11420.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6671). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.6611
TP2= @ 0.6578
TP3= @ 0.6521
TP4= @ 0.6450
TP5= @ 0.6384
SL= Break Above R2
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BTCUSD Update: Profit=622900 SL=94000 Reward/Risk > 6.6:1 Trade Setup summary:
Profit targets=622900 pip (56400 + 84400 + 112900 + 147800 + 221400)
Stop Loss =94000 pip
Reward/Risk > 6.6 : 1
Current Status:
Total Profit: 272400 pip
Closed trade(s): 272400 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 9285.00 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.00 touched at 2020.07.21 with 17200 pip Profit.
TP3 @ 9475.00 touched at 2020.07.22 with 26300 pip Profit.
TP4 @ 9712.00 touched at 2020.07.25 with 50000 pip Profit.
TP5 @ 9900.00 touched at 2020.07.26 with 68800 pip Profit.
TP6 @ 10240.0 touched at 2020.07.26 with 102800 pip Profit.
7300 + 17200 + 26300 + 50000 + 68800 + 102800 = 272400
Technical analysis:
. BTCUSD 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.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (10856.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 11420.0
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0
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Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY 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 70.
Take Profits:
TP1= @ 105.30
TP2= @ 105.65
TP3= @ 106.05
TP4= @ 106.70
TP5= @ 107.25
SL= Break below S2
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XRPUSD Update: Profit=37000 SL=11000 Reward/Risk > 3.3:1 Trade Setup summary:
Profit targets=37000 pip (2000+ 4000 + 6000 + 10000 + 15000)
Stop Loss =11000 pip
Reward/Risk > 3.3: 1
Current Status:
Total Profit: 22700 pip
Closed trade(s): 12000 pip Profit
Open trade(s): 10700 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.19 based on 'previous Forecast' at 2020.07.16 :
Closed Profit:
TP1 @ 0.21 touched at 2020.07.20 with 2000 pip Profit.
TP2 @ 0.23 touched at 2020.07.26 with 4000 pip Profit.
TP3 @ 0.25 touched at 2020.07.29 with 6000 pip Profit.
2000 + 4000 + 6000 = 12000
Open Profit:
Profit for one trade is 0.24350(current price) - 0.19000(open price) = 5350 pip
2 trade(s) still open, therefore total profit for open trade(s) is 53500 x 2 = 10700 pip
Break Even 0.19
Technical analysis:
. XRPUSD 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 79.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.223) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP3= @ 0.25
TP4= @ 0.29
TP5= @ 0.34
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Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9156). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF 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 50.
Take Profits:
TP1= @ 0.9185
TP2= @ 0.9210
TP3= @ 0.9235
TP4= @ 0.9285
TP5= @ 0.9320
SL= Break below S2
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Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.669). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.6635
TP2= @ 0.6615
TP3= @ 0.6580
SL: Break Above R2
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AUDUSD . Weekly Technical Analysis UpdateMidterm forecast:
. 0.7030 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
. While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 0.7176 on 07/22/2020, so more losses minimum to Major Support (0.7030) 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 66.
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Don't miss the great buy opportunity in LTCUSDMidterm forecast:
. While the price is above the support 22.50, beginning of uptrend is expected.
. We make sure when the resistance at 50.65 breaks.
. If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 41.30 on 07/16/2020, so more gains maximum to Major Resistance (50.65) 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 67.
Total Profit: 22 pip
Closed trade(s): 0 pip Profit
Open trade(s): 22 pip Profit
Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.
Open Profit:
Profit for one trade is 47.51(current price) - 47.49(open price) = 2 pip
11 trade(s) still open, therefore total profit for open trade(s) is 2 x 11 = 22 pip
Take Profits:
TP1= 50.65
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
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GOLD Weekly Technical Analysis UpdateMidterm forecast:
. 1818.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses minimum to Major Support (1818.00) 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 83.
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Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.714). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.7085
TP2= @ 0.7060
TP3= @ 0.7035
SL: Break Above R2
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Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.6630
TP2= @ 0.6600
TP3= @ 0.6580
TP4= @ 0.6530
TP5= @ 0.6495
SL: Break Above R2
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Platinum Update: Profit=128513 SL=19901 Reward/Risk > 6.5:1 Trade Setup summary:
Profit targets=128513 pip (4059 + 6584 + 9744 + 15994 + 23224 + 29189 + 39719)
Stop Loss =19901 pip
Reward/Risk > 6.5: 1
Current Status:
Total Profit: 122387 pip
Closed trade(s): 20387 pip Profit
Open trade(s): 51000 pip Profit
Trade Setup:
We opened 7 BUY trade(s) @ 805.00 based on 'previous Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 837.90 touched at 2020.07.06 with 4059 pip Profit.
TP2 @ 863.15 touched at 2020.07.21 with 6584 pip Profit.
TP3 @ 894.75 touched at 2020.07.22 with 9744 pip Profit.
4059 + 6584 + 9744 = 20387
Open Profit:
Profit for one trade is 907.00(current price) - 805.00(open price) = 10200 pip
4 trade(s) still open, therefore total profit for open trade(s) is 10200 x 4 = 51000 pip
Break-Even 805.00
Technical analysis:
. Platinum 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 70 .
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (863.15) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP4= @ 957.25
TP5= @ 1029.55
TP6= @ 1089.20
TP7= @ 1194.50
SL= Break below S2
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BTCUSD Update: Profit=373800 SL=81600 Reward/Risk > 4.6 : 1Trade Setup summary:
Profit targets=373800 pip (24200 + 34100 + 43200 + 66900 + 85700 + 119700)
Stop Loss =81600 pip
Reward/Risk > 4.6 : 1
Current Status:
Total Profit: 70348 pip
Closed trade(s): 24500 pip Profit
Open trade(s): 45848 pip Profit
Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 9285.0 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.0 touched at 2020.07.21 with 17200 pip Profit.
7300 + 17200 = 24500
Open Profit:
Profit for one trade is 9326.62(current price) - 9212.00(open price) = 11462 pip
4 trade(s) still open, therefore total profit for open trade(s) is 11462 x 4 = 45848 pip
Break Even 0.658
Technical analysis:
. BTCUSD 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 59.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (9220.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 9285.00
TP2= @ 9384.00
TP3= @ 9475.00
TP4= @ 9712.00
TP5= @ 9900.00
TP6= @ 10240.0
SL= Break below S2
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in AUDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD 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 74.
Take Profits:
TP1= @ 0.7145
TP2= @ 0.7190
TP3= @ 0.7220
SL= Break below S2
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ForecastCity English Support Team ❤️
There is a trading opportunity to buy in BNBUSDMidterm forecast:
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 16.500 on 07/16/2020, so more gains maximum to Major Resistance (18.880) 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 59.
Trade Setup:
We opened 5 BUY trade(s) @ 17.713 based on 'Valley' entry method at 2020.07.21.
Take Profits:
TP1= 18.880
TP2= 20.800
TP3= 22.600
TP4= 26.580
TP5= Free
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Trade well, ❤️
ForecastCity English Support Team ❤️