As 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...
Midterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is...
As 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...
Midterm forecast:
While the price is below the resistance 1.1500, beginning of downtrend is expected.
We make sure when the support at 1.1320 breaks.
If the resistance at 1.1500 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis :
A peak is formed in daily chart at 1.1475 on 04/23/2019, so more losses to support(s)...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=126.3.
TP4: R2=126.5.
Set the stoploss of these orders at breakout of S2=125.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (125.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY 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....
Midterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is...
As 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...
EURUSD is approaching its resistance at 1.1295 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.1219( 61.8% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Trading CFDs on margin carries high...
Midterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5115 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the resistance #1 at 48 and it prevented price from more gains.
A peak is...
Midterm forecast:
While the price is below the resistance 1.7390, beginning of downtrend is expected.
We make sure when the support at 1.6325 breaks.
If the resistance at 1.7390 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:
A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.
TP4: R2=125.25.
Set the stoploss of these orders at breakout of S2=123.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.1305.
TP4: S2=1.127.
Set the stoploss of these orders at breakout of R2=1.139.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Looking to Buy EURGBP as its in a uptrend. We have seen price break previous resistance and now testing the new support. We can see price bounce up from Buy range or the 200MA. Target is 0.90500 (60-70pips).
