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EURUSD bullish above 1.1110The euro currency is gathering strength against the US dollar, following the recent bullish breakout above the 1.1110 resistance level. The EURUSD pair is increasingly likely to trade towards the 1.1160 level if bulls continue to hold price above the 1.1110 level. Brexit developments over the weekend could traders booking profits, leaving the 1.1070 level as major near-term support. • The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels. • The EURUSD pair is bullish while trading above the 1.1110 level, key resistance is found at the 1.1160 and 1.1190 levels.
by OctaFX_Official
GBPUSD rally fadesThe British pound is starting to trade towards the 1.2850 level against the US dollar, after the pair hit its highest trading level since May 2019 on Thursday. A medium-term price high could be in place for sterling if UK lawmakers fail to approve the new Brexit deal over the weekend. Overall, the GBPUSD pair is vulnerable to further selling while trading below the 1.2850 level. • The GBPUSD pair is only bearish while trading below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2920 and 1.3000 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.114. TP4: R2=1.116. Set the stoploss of these orders at breakout of S2=1.108. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.108. In this situation, there is an expectation to reach the target S3=1.1015. Set the stoploss of reverse orders at breakout of S1=1.109. 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
1
GBPUSD 1.2900 resistanceThe British pound is moving away from the 1.2876 level against the US dollar after the pair traded to a new monthly high on Wednesday. The recent breakout above the 1.2720 level is a bullish development for the GBPUSD pair and has increased dip-buying interest. Overall, medium-term analysis is still showing that the GBPUSD is unlikely to break the 1.2900 resistance level this week. • The GBPUSD pair is only bearish while trading below the 1.2720 level, key support is found at the 1.2660 and 1.2515 levels. • If the GBPUSD pair trades above the 1.2720 level, key resistance is found at the 1.2878 and 1.2900 levels.
by OctaFX_Official
2
EURUSD 1.1110 weekly targetThe euro continues to enjoy strong buying interest against the US dollar, with the pair trading around the best levels of the week so far. According to technical analysis for the daily time frame, the 1.1110 level is currently the weekly bullish target for EURUSD bulls. Only a sustained loss of the 1.0990 support level will turn the intraday sentiment towards the EURUSD pair bearish. • The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0940 and 1.0920 levels. • The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1110 and 1.1160 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1105. TP4: R2=1.113. Set the stoploss of these orders at breakout of S2=1.104. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.104. In this situation, there is an expectation to reach the target S3=1.097. Set the stoploss of reverse orders at breakout of S1=1.1055. 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
1
EURUSD Brexit bounceThe euro currency has received a much-needed boost against the US dollar, following the release of bullish Brexit news of Tuesday. The EURUSD pair has reversed from the 1.0990 technical area and may start to target the 1.1070 resistance area if bulls can maintain the advance. Overall, the EURUSD pair has recently become a strong buy on any short-term technical pullbacks. • The EURUSD pair is only bearish while trading below the 1.0990 level, key support is found at the 1.0940 and 1.0920 levels. • The EURUSD pair is bullish while trading above the 1.0990 level, key resistance is found at the 1.1070 and 1.1110 levels.
by OctaFX_Official
USDJPY 109.30 major resistanceThe US dollar has moved to fresh multi-month trading high against the Japanese yen currency after buyers broke through the 108.60 level on Tuesday. The USDJPY pair may test the 109.30 resistance level if bulls can maintain price above the 108.60. Overall, medium-term analysis shows that the USDJPY pair could reach the 110.00 level if bullish momentum continues to build. • The USDJPY pair is only bearish while trading below the 108.60 level, key technical support remains at the 107.90 and 106.90 levels. • The USDJPY pair is only bullish while trading above the 108.60 level, key resistance is found at the 109.00 and 109.30 levels
by OctaFX_Official
GBPUSD awaiting UK dataThe British pound is trading back above the 1.2600 resistance level against the US dollar after the pair found strong dip-buying demand from the 1.2515 support level. GBPUSD traders are now awaiting a raft of UK macroeconomic data this morning, which should provide the next short-term directional move. The 1.2770 level offers extended resistance, while the 1.2480 level offers strong technical support. • The GBPUSD pair is only bearish while trading below the 1.2580 level, key support is found at the 1.2515 and 1.2480 levels. • If the GBPUSD pair trades above the 1.2580 level, key resistance is found at the 1.2660 and 1.2770 levels.
by OctaFX_Official
EURUSD still a buyThe euro currency is holding above the 1.1000 level against the US dollar in early Tuesday trade, as selling momentum in the EURUSD pair starts to fade. EURUSD bulls may use any pullbacks towards the 1.1000 level as a buying opportunity. EURUSD buyers now need to force price above the 1.1044 level in order to encourage a technical test of the 1.1070 resistance level. • The EURUSD pair is only bearish while trading below the 1.0980 level, key support is found at the 1.0950 and 1.0920 levels. • The EURUSD pair is bullish while trading above the 1.0980 level, key resistance is found at the 1.1044 and 1.1070 levels.
by OctaFX_Official
USDJPY 108.90 breakThe US dollar is trading towards the best levels of the month against the Japanese yen currency, following the recent announcement of a Sino-US trade deal. The USDJPY pair could soar toward the 110.20 level if we see a sustained break above the 108.90 level this week. Any technical pullbacks in the USDJPY pair should find strong technical support from the 107.45 level. The USDJPY pair is only bearish while trading below the 107.45 level, key technical support remains at the 106.90 and 106.00 levels. The USDJPY pair is only bullish while trading above the 107.45 level, key resistance is found at the 108.80 and 110.20 levels
by OctaFX_Official
GBPUSD key pullback levelThe British pound is starting to give back gains against the US dollar after the pair found strong resistance from its 200-day moving average, around the 1.2720 level. A sustained break under the 1.2580 level could the GBPUSD pair falling towards the 1.2485 level this week. Dip-buyers are likely to move in strongly from the 1.2485 level if we see a pullback in the GBPUSD pair. The GBPUSD pair is only bearish while trading below the 1.2480 level, key support is found at the 1.2410 and 1.2350 levels. If the GBPUSD pair trades above the 1.2480 level, key resistance is found at the 1.2720 and 1.2800 levels.
by OctaFX_Official
Don't miss the great buy opportunity in USDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (108.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . There is a divergence in RSI and price between the trough at 106.775 on 2019-06-25 and the trough at 104.45 on 2019-08-26, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. . USDJPY 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 61. Take Profits: TP1= @ 109.00 TP2= @ 110.70 TP3= @ 112.15 SL= Break below S2
Long
by ForecastCity_EU
2
EURUSD moment of truthThe euro is holding above the 1.1000 level against the US dollar in early Friday trade, although the pair is struggling to move past the 1.1030 resistance level. The EURUSD pair faces a moment of truth, with sellers poised to move if the 1.1000 support level is broken. Overall, buyers are still in control while the EURUSD pair starts to stabilize above the psychological 1.1000 level. • The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0950 and 1.0920 levels. • The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1030 and 1.1070 levels.
by OctaFX_Official
USDJPY 108.45 importantThe US dollar is trading towards the best levels of the week against the Japanese yen, following reports that a minor Sino-US trade deal may be on the cards. The 108.50 level is now the key technical area that bulls will need to break to encourage a test of the 108.80 level. Overall, the USDJPY pair now has a strong bullish bias while trading above the 107.45 resistance level. • The USDJPY pair is only bearish while trading below the 107.45 level, key technical support remains at the 106.90 and 106.00 levels. • The USDJPY pair is only bullish while trading above the 107.45 level, key resistance is found at the 108.50 and 108.80 levels
by OctaFX_Official
Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1000). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 1.1070 TP2= @ 1.1108 TP3= @ 1.11900 SL= Break below S2
Long
by ForecastCity_EU
2
EURUSD ECB minutes keyThe euro is holding firm against the US dollar in early Thursday trade, ahead of the release of the ECB Meeting Minutes later this morning. Any commentary towards increasing QE purchases will likely be bearish for the EURUSD pair. To the upside, if ECB members are seen to be divided about further QE purchases, it will likely be taken as bullish for the EURUSD pair. • The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels. • The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
by OctaFX_Official
USDJPY moving higherThe US dollar is moving higher against the Japanese yen currency after bearish momentum faded below the pivotal 106.90 support level. If USDJPY bulls can maintain price above the 107.45 level the pair could advance towards at least the 108.00 technical region. Overall, the resumption of Sino-US trade talks later today is likely to decide the overall direction of the USDJPY pair. • The USDJPY pair is only bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels. • The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 108.00 levels
by OctaFX_Official
There is a trading opportunity to buy in TRXUSDTechnical analysis: . Tron/US 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 60. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.014500 to 0.011100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.014500) Ending of entry zone (0.011100) 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= @ 0.018000 TP2= @ 0.021000 TP3= @ 0.025000 TP4= @ 0.032170 TP5= @ 0.040000 TP6= @ 0.045200 TP7= @ 0.055750 TP8= @ 0.066290 TP9= @ 0.081300 TP10= @ 0.100410 TP11= Free
BITFINEX:TRXUSDLong
by ForecastCity_EU
EURUSD 1.0950 is keyThe euro currency is edging lower against the greenback as recent bullish momentum fades ahead of the release of the FOMC meeting minutes later today. EURUSD bulls need to maintain the pair above the 1.0950 level to encourage dip-buying this week. A loss of the 1.0950 support level could see the EURUSD pair quickly sold back towards its former weekly trading low. • The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels. • The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
by OctaFX_Official
GBPUSD 1.2200 breakdownThe British pound is back under selling pressure against the US dollar as the chances of a hard-Brexit scenario appear to have increased. A sustained break below the 1.2200 support level could trigger a major technical sell-off in the GBPUSD pair, with the yearly trading low the initial target. Overall, moves back towards the 1.2275 level are likely to be met with strong counter selling. • The GBPUSD pair is only bearish while trading below the 1.2275 level, key support is found at the 1.2200 and 1.2100 levels. • If the GBPUSD pair trades above the 1.2200 level, key resistance is found at the 1.2250 and 1.2275 levels.
by OctaFX_Official
EURUSD 1.1000 struggleThe euro is struggling to move above the 1.1000 resistance level against the US dollar as traders remain cautious ahead of the release of the FOMC meeting minutes. Bearish Sino-US trade news has also previously failed to send the EURUSD pair higher. Overall, unless the 1.1025 level is broken, traders may be considering initiating short positions from just above the 1.1000 area. • The EURUSD pair is only bearish while trading below the 1.0950 level, key support is found at the 1.0920 and 1.0880 levels. • The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1025 and 1.1070 levels.
by OctaFX_Official
GBPUSD traders uncertainThe British pound is consolidating the 1.2300 level against the US dollar after traders failed to hold price below the important 1.2275 level. Uncertainty towards Brexit developments is keeping the GBPUSD pair contained, leaving traders to scalp the short-term range. Overall, traders will be looking to short the GBPUSD pair this week on a break of the 1.2275 level in anticipation of a much larger decline. • The GBPUSD pair is only bearish while trading below the 1.2275 level, key support is found at the 1.2245 and 1.2200 levels. • If the GBPUSD pair trades above the 1.2275 level, key resistance is found at the 1.2375 and 1.2410 levels.
by OctaFX_Official