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GBPUSD 1.2520 in focusThe British pound has dropped sharply lower against the US dollar, following bearish comments from Bank of England Governor Mark Carney. The 1.2520 support level is likely to come into focus now that the 1.2610 level has been convincingly breached. UK PMI Services data is likely to be the main mover for the GBPUSD pair this morning, with a negative number expected to weigh heavily on the GBPUSD pair. The GBPUSD pair is heavily bearish while trading below the 1.2610 level, key support is found at the 1.2520 and 1.2460 levels. GBPUSD pair is only bullish while trading above the 1.2660 level, key resistance is found at the 1.2710 and 1.2730 levels.
by OctaFX_Official
EURUSD bearish below 1.1321The euro is back under pressure against the US dollar in early Tuesday trade, following slightly better Manufacturing data from the United States economy. The 1.1280 level is now key intraday support, with a sustained breakout under this level likely to spark weakness towards the 1.1255 level. The 1.1321 level now becomes the key intraday pivot point for the EURUSD pair. The EURUSD pair is only bullish while trading above the 1.1321 level, key technical resistance is found at the 1.1355 and 1.1400 levels. If the EURUSD pair trades below the 1.1321 level, key support is found at the 1.1280 and 1.1255 levels.
by OctaFX_Official
USDJPY 108.45 breakout neededThe greenback is once again firming against the Japanse yen currency, as the US dollar index climbs back above its key 200-day moving average. A sustained breakout above the 108.45 level is needed on an intraday basis to encourage further buying in the USDJPY pair. The key weekly upside targets for the USDJPY pair extended towards the 109.00 and 109.80 resistance levels. The USDJPY pair is only bearish while trading below the 108.45 level, key support is found at the 108.00 and 107.70 levels. If the USDJPY pair trades above the 108.45 level, key technical resistance is found at the 109.00 and 109.80 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1315. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1265. TP4: S2=1.124. Set the stoploss of these orders at breakout of R2=1.1335. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1335. In this situation, there is an expectation to reach the target R3=1.141. Set the stoploss of reverse orders at breakout of R1=1.1315. 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
USDJPY risk-on boostThe US dollar has opened the new trading monthly strongly against the Japanese yen after a positive outcome from the G20 leaders meeting over the weekend. The 109.00 resistance level still remains the overall upside short-term objective for USDJPY bulls this week. USDJPY sellers may attempt to enter around this area, following the heavily bearish candle formation on the monthly time frame. The USDJPY pair is only bearish while trading below the 108.10 level, key support remains at the 107.80 and 107.00 levels. If the USDJPY pair trades above the 108.10 level, key technical resistance remains at the 108.44 and 109.00 levels.
by OctaFX_Official
GBPUSD 1.2685 near-term supportThe British pound has opened the new trading month on the back foot against the US dollar, following a heavy technical rejection from the 1.2730 area on Friday. UK PMI Services data and ISM Manufacturing data are the big drivers for the GBPUSD pair today. Continued weakness is likely to prompt a technical test of the key 1.2660 level, which is likely to act as a key defense or the next bearish trigger level for the pair. The GBPUSD pair is only bullish while trading above the 1.2685 level, key resistance is found at the 1.2730 and 1.2780 levels. If the GBPUSD pair trades below the 1.2685 level, key support is found at the 1.2660 and 1.2610 levels.
by OctaFX_Official
GBPUSD soft ahead of UK GDPThe British pound is softening towards key weekly support aginst the US dollar ahead of the release of GDP data from the UK economy this morning. A worse than expected GDP number could see the GBPUSD pair break the 1.2660 support level and test towards at least the 1.2610 area. If bulls can hold support the GBPUSD pair could start to edge back towards the 1.2710 resistance level. The GBPUSD pair is only bullish while trading above the 1.2710 level, key resistance is found at the 1.2775 and 1.2810 levels. If the GBPUSD pair trades below the 1.2660 level, key support is found at the 1.2610 and 1.2550 levels.
by OctaFX_Official
EURUSD inside wedgeThe euro currency remains trapped in a tight range against the US dollar as traders scale back positioning ahead of the start of the G20 Summit. The four-hour time frame is showing that the EURUSD pair is currently trading within a neutral pattern. The pattern is highlighting that a twenty-five pip breakout move is likely once the EURUSD pair picks a directional bias. If the EURUSD pair trades above the 1.1380 level, key technical resistance is found at the 1.1410 and 1.1440 levels. If the EURUSD pair trades below the 1.1347 level, key support is found at the 1.1320 and 1.1290 levels.
by OctaFX_Official
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9795. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.974. TP4: S2=0.9695. Set the stoploss of these orders at breakout of R2=0.9815. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9815. In this situation, there is an expectation to reach the target R3=0.989. Set the stoploss of reverse orders at breakout of R1=0.9795. 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 back to 1.2710The British pound has gradually edged back under the 1.2700 level against the US dollar after bears failed to break the 1.2710 resistance level. The GBPUSD pair is currently neutral until a clear technical break from the 1.2660 to 1.2710 price range occurs. Overall, the GBPUSD pair is likely to be driven by the slew of macroeconomic data being released from the UK and US economies on Friday. The GBPUSD pair is only bullish while trading above the 1.2710 level, key resistance is found at the 1.2810 and 1.2840 levels. If the GBPUSD pair trades below the 1.2660 level, key support is found at the 1.2600 and 1.2550 levels.
by OctaFX_Official
EURUSD data drivenThe euro currency continues to trade towards the lower-end of its weekly range against the US dollar as the pair becomes increasingly driven by important US data. Bulls may need weak US data to break the 1.1400 level and take a shot at the 1.1440 resistance level. Much better than expected United States data over the coming sessions may prompt the EURUSD pair to reverse its post FOMC gains. If the EURUSD pair trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels. The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1347 and 1.1321 levels.
by OctaFX_Official
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (71.500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY 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= @ 72.10 TP2= @ 73.60 TP3= @ 74.80 SL= @ 71.00
Long
by ForecastCity_EU
2
A second Chance to Buy in XRPUSDMidterm forecast: 0.370 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 61. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (0.370). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (0.370). 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 : Trade Setup: We opened 11 BUY trade(s) @ 0.32488 based on 'Valley' entry method at 2019.04.30. Total Profit: 133457 pip Closed trade(s): 33203 pip Profit Open trade(s): 100254 pip Profit Closed Profit: TP1 @ 0.35520 touched at 2019.05.14 with 3032 pip Profit. TP2 @ 0.38230 touched at 2019.05.14 with 5742 pip Profit. TP3 @ 0.42415 touched at 2019.05.14 with 9927 pip Profit. TP4 @ 0.46990 touched at 2019.05.14 with 14502 pip Profit. 3032 + 5742 + 9927 + 14502 = 33203 Open Profit: Profit for one trade is 0.46810 (current price) - 0.32488 (open price) = 14322 pip 7 trade(s) still open, therefore total profit for open trade(s) is 14322 x 7 = 100254 pip All SLs moved to Break-even point. Take Profits: TP5= @ 0.57000 TP6= @ 0.70580 TP7= @ 0.79100 TP8= @ 0.96780 TP9= @ 1.41240 TP10= @ 1.61350 TP11= Free
BITFINEX:XRPUSDLong
by ForecastCity_EU
GBPUSD 1.2660 bearish pivotThe British pound has reversed sharply from the 1.2780 level against the US dollar as UK political woes once again force the pair lower. A sustained break of the pivotal 1.2660 level could send the GBPUSD pair back towards its former weekly trading low. Bulls need to move the pair back above the 1.2710 resistance level in order to encourage intraday bulls back into the market. The GBPUSD pair is bullish while trading above the 1.2710 level, key resistance is found at the 1.2730 and 1.2780 levels. If the GBPUSD pair trades below the 1.2710 level, key support is found at the 1.2660 and 1.2520 levels.
by OctaFX_Official
EURUSD 1.1360 keyThe euro has slipped back from the 1.1400 level against the US dollar following Federal Reserve Chair Jerome Powells speech on Tuesday. The EURUSD pair can weaken towards the 1.1260 level if sellers start to hold price below the important 1.1360 level. Bulls need to move price past the 1.1400 level to encourage technical buying towards at least the 1.1440 resistance level. If the EURUSD pair trades above the 1.1360 level, key technical resistance is found at the 1.1440 and 1.1500 levels. The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1321 and 1.1260 levels.
by OctaFX_Official
GBPUSD bullish above 1.2730The British pound is attempting to gain upside momentum against the greenback after slipping back towards the 1.2700 level in early week trade. GBPUSD bulls need to sustain price above the 1.2730 level and stage a breakout above the 1.2770 resistance level. Losses below the 1.2710 level may provoke a much deeper technical correction towards the 1.2660 support level. The GBPUSD pair is only bullish while trading above the 1.2730 level, key resistance is found at the 1.2770 and 1.2840 levels. If the GBPUSD pair trades below the 1.2730 level, key support is found at the 1.2710 and 1.2660 levels.
by OctaFX_Official
EURUSD 1.1400 breakout zoneThe euro continues to trade just above the 1.1400 level against the US dollar, with the pair still remaining well bid into early Tuesday trade. The 1.1400 level remains the gateway to the 1.1440 level, with topside resistance for the EURUSD found at the 1.1500 level. Sellers need to hold price below the 1.1360 level to negate the current bullish daily bias towards the EURUSD pair. If the EURUSD pair trades above the 1.1400 level, key technical resistance is found at the 1.1440 and 1.1500 levels. The EURUSD pair is only bearish while trading below the 1.1360 level, key support is found at the 1.1347 and 1.1321 levels.
by OctaFX_Official
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.137. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1415. TP4: R2=1.1445. Set the stoploss of these orders at breakout of S2=1.1345. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1345. In this situation, there is an expectation to reach the target S3=1.1265. Set the stoploss of reverse orders at breakout of S1=1.137. 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
A second Chance to Buy in IOTAUSDMidterm forecast: 0.4015 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 55. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (0.4015). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.4015). 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 : Trade Setup: We opened 15 BUY trade(s) @ 0.3196 based on 'Valley' entry method at 2019.04.29. Total Profit: 19315 pip Closed trade(s): 4366 pip Profit Open trade(s): 14949 149pip Profit Closed Profit: TP1 @ 0.3340 touched at 2019.05.13 with 144 pip Profit. TP2 @ 0.4015 touched at 2019.05.15 with 819 pip Profit. TP3 @ 0.4535 touched at 2019.05.16 with 1339 pip Profit. TP4 @ 0.5260 touched at 2019.05.29 with 2064 pip Profit. 144 + 819 + 1339 + 2064 = 4366 Open Profit: Profit for one trade is 0.4555 (current price) - 0.3196 (open price) = 1359 pip 11 trade(s) still open, therefore total profit for open trade(s) is 1359 x 11 = 14949 pip All SLs moved to Break-even point. Take Profits: TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free
BITFINEX:IOTUSDLong
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 56. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0630). 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 (0.0630) 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
A second Chance to Buy in Ethereum...Midterm forecast: 250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 71. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (250.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the suggested support line (250.00). Entry signal: Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13. Total Profit: 112222 pip Closed trade(s): 15112 pip Profit Open trade(s): 97110 pip Profit Closed Profit: TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit. TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit. 5341 + 9771 = 15112 Open Profit: Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip 10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip All SLs moved to Break-even point. Take Profits: TP3= @ 348.800 TP4= @ 393.550 TP5= @ 475.300 TP6= @ 534.700 TP7= @ 630.500 TP8= @ 822.550 TP9= @ 970.450 TP10= @ 1229.700 TP11= @ 1415.950 TP12= Free
COINBASE:ETHUSDLong
by ForecastCity_EU
GBPUSD berhati-hati untuk terobosanPound Sterling Inggris memperoleh pijakan terhadap greenback pada hari Senin setelah indeks dolar USA menderita kerugian besar pada hari Jumat. Sebuah pergerakan berkelanjutan ke atas level ketahanan 1.2770 dapat memicu sebuah terobosan dalam pasangan GBPUSD menuju setidaknya level 1.2840. Jika para penjual gagal di kisaran area kunci ini, sebuah penurunan dan uji teknis kembali ke level 1.2710 seharusnya bisa diharapkan. Pasangan GBPUSD hanya bullish ketika diperdagangkan di atas level 1.2730, kunci ketahanan berada pada level 1.2770 dan 1.2840. Jika pasangan GBPUSD diperdagangkan di bawah level 1.2730, kunci dukungan berada pada level 1.2710 dan 1.2660.
by OctaFX_Official
EURUSD bullish mingguan ditutupEuro telah membuka minggu perdagangan terbaru yang kuat terhadap dolar USA setelah pasangan menutup minggu di atas pergerakan rata-rata 200 harian. Bulls bisa menargetkan sebuah terobosan besar di atas level 1.1400, dengan level 1.1440 dan 1.1500 menjadi area ketahanan besar untuk dipantau. Jika para penjual menggerakkan harga kembali ke bawah level 1.1347, pasangan EURUSD bisa menyaksikan sebuah pergerakan kembali yang kuat ke bawah level 1.1300. Pasangan EURUSD hanya bearish ketika diperdagangkan di bawah level 1.1347, kunci dukungan berada pada level 1.1321 dan 1.1290. Jika pasangan EURUSD diperdagangkan di atas level 1.1347, kunci ketahanan teknis berada pada level 1.1400 dan 1.1440.
by OctaFX_Official