TRADE WITH > 70% PROBABILITY: BUY LONG @ 1,1311. STOP- LOSS @ 1,Trade with > 70% probability: BUY LON @ 1,1311, STOP-LOSS @ 1,1297
Euro
A trading opportunity to Buy in EURCADMidterm 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 formed in daily chart at 1.5060 on 02/14/2019, so more losses to support(s) 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.4820 to 1.4750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
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 = @1.4915
TP2 = @1.5010
TP3 = @1.5115
TP4 = @1.5285
TP5 = @1.5450
TP6 = @1.5640
TP7 = @1.6150
TP8 = Free
A trading opportunity to Sell in EURNZDMidterm 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 is formed in daily chart at 1.6410 on 02/15/2019, so more losses minimum to Major Support (1.6325) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.7115 to 1.7230). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
Beginning of entry zone (1.7115)
Ending of entry zone (1.7230)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", 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:
Take Profits:
TP1 : @1.6965
TP2 : @1.6815
TP3 : @1.6565
TP4 : @1.6325
TP5 : @1.5830
TP6 : @1.5255
TP7 : @1.4535
TP8 : @1.3875
TP9 : Free
AUD/CAD :- Bullish Trend Setup A new trend has emerged with a breakout and retest from the previous downtrend line signalling a new change in trend for the short term.
Expect the price to continue with its Higher High- Higher Low trend support!
A trading opportunity to Sell in EURAUDMidterm 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 resistance against more gains.
Relative strength index (RSI) is 44.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.6355 to 1.6160). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
Beginning of entry zone (1.6355)
Ending of entry zone (1.6160)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", 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:
Take Profits:
TP1 : @1.5885
TP2 : @1.5670
TP3 : @1.5530
TP4 : @1.5345
TP5 : @1.5075
TP6 : @1.4910
TP7 : @1.4670
TP8 : @1.4040
TP9 : @1.3675
TP10 : Free
EURJPY Intraday ForecastAs 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 S2=123.9.
In this situation, there is an expectation to reach the target S3=122.85.
Set the stoploss of reverse orders at breakout of S1=124.1.
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!
EURUSD At a make or Break levelEuro-US Dollar contracts are presently at a make or break level, forming a scallop in a downtrend, Whether they will continue the downtrend or, reverse and breakout the linear resistance to complete the Rounding Bottom with an implied target of 1.18 from the present 1.14 (It is presently forming a flag with some conslidation near the resistance)
It has been observed that, every scallop of the Eur USD contract, has reversed to continue its trend at the 50% retracement level. (Hover on the Red Flags on the Chart) Applying the same logic, we have an implied fib resistance zone to break at 1.15 before it can head to the target of 1.18, form where it could resume its bull run towards 1.24 too.
Downside targets are at 1.11682, and upside targets at 1.18 and 1.24.
The targets would be influenced by the M3 Data and the annual growth of lending of the Euro to be released on Jan 3. Definitive signals point towards a good bounty on either side.
A trading opportunity to buy in EURUSDMidterm forecast:
While the price is above the support 1.1300, beginning of uptrend is expected.
We make sure when the resistance at 1.1615 breaks.
If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI bounced from the uptrend #1 and it prevented price from more losses.
The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 38.
Trading suggestion:
Price is in the Buy Zone (1.1430 to 1.1300).
While the price is below the level 1.1430, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 1.1430 and expect to reach short-term targets.
Beginning of entry zone (1.1430)
Ending of entry zone (1.1300)
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 : @1.1510
TP2 : @1.1615
TP3 : @1.1715
TP4 : @1.1800
TP5 : @1.1925
TP6 : @1.2075
TP7 : @1.2205
TP8 : @1.2555
TP9 : Free
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1415.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.135.
TP4: S2=1.13.
Set the stoploss of these orders at breakout of R2=1.143.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.143.
In this situation, there is an expectation to reach the target R3=1.15.
Set the stoploss of reverse orders at breakout of R1=1.1415.
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!
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.144.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.15.
TP4: R2=1.155.
Set the stoploss of these orders at breakout of S2=1.1425.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1425.
In this situation, there is an expectation to reach the target S3=1.1355.
Set the stoploss of reverse orders at breakout of S1=1.144.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=128.3.
TP4: S2=127.85.
Set the stoploss of these orders at breakout of R2=129.15.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=129.15.
In this situation, there is an expectation to reach the target R3=130.
Set the stoploss of reverse orders at breakout of R1=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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
A trading opportunity to buy in XRPEURTechnical analysis:
. RIPPLE/EURO 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.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.41700 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.41700)
Ending of entry zone (0.30300)
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 the 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= @ 0.64700
TP2= @ 0.75600
TP3= @ 0.95900
TP4= @ 1.09100
TP5= @ 1.35700
TP6= @ 2.01000
TP7= @ 2.49900
TP8= Free
Euro - Yen :- Bearish Momentum still valid till next supportPrices could retrace all the way back to 130 levels as resistance is not being able to be broken on the short timeframe.
Euro - Aussie :- Broken Below Resistance Zone Short at Market Price - Aim for previous support at 1.6000 as targets
SHORT There is a great opportunity to sell in EURNZDMidterm forecast:
While the price is below the resistance 1.7820, beginning of downtrend is expected.
We make sure when the support at 1.7380 breaks.
If the resistance at 1.7820 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
Price is in the Trend Hunter Sell Zone (1.7480 to 1.7705).
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.7480)
Ending of entry zone (1.7705)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", 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:
Technical analysis:
The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
The RSI support #3 at 50 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 1.7730 on 09/26/2018, so more losses to support(s) 1.7480 and minimum to Major Support (1.7380) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.
Take Profits:
TP1 : @1.7380
TP2 : @1.7290
TP3 : @1.7185
TP4 : @1.7115
TP5 : @1.6965
TP6 : @1.6815
TP7 : @1.6565
TP8 : @1.6355
TP9 : @1.6180
TP10 : @1.5785
TP11 : @1.5255
TP12 : @1.4535
TP13 : @1.3875
TP14 : Free
A trading opportunity to buy in XRPEURTechnical analysis:
. RIPPLE/EURO 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.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.45100 to 0.30300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.45100)
Ending of entry zone (0.30300)
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 the 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= @ 0.64700
TP2= @ 0.75600
TP3= @ 0.95900
TP4= @ 1.09100
TP5= @ 1.35700
TP6= @ 2.01000
TP7= @ 2.49900
TP8= Free
Bearish technical setup in the EUR/USDEURUSD Technical Overview:
Pivot: 1.1670
Key Resistance: 1.1645 - 1.1670 - 1.1698 - 1.1720 - 1.15-735
Key Support: 1.1620 - 1.1598 - 1.1584 - 1.1565 - 1.1535
Day Trading Range: 1.1545 - 1.1655
Technical Indicator:
RSI: RSI lacks bullish divergence, moving under oversold condition.
Moving Average: CMP 1.1622 Price is moving under Simple moving average 200 & 55, its sign of bearish trend more.
Technical Trade Idea:
Most Likely Scenario: short positions below 1.1670 with targets at 1.1618 & 1.1584 in extension.
Alternative scenario: above 1.1670 look for further upside with 1.1698 & 1.1728 as targets.
Fundamental:
The yield spread does spike, then the markets may not pay much attention to the preliminary Eurozone CPI, scheduled for release at 09:00 GMT. Meanwhile on the other side of Atlantic, US markets will see the release of core-PCE price index, the Fed’s favorite gauge of inflation, from the U.S. At the moment, the pair is testing the critical 1.1640 support.the spread between the 10-year Italian government bond yield and its German counterpart could spike, bolstering the already bearish technical setup in the EUR/USD.
Analysts believe that USD has fundamental support for continued growth from local market in near future as they believe that Chairman Powell’s comment in his recent speech that “The U.S. economy is in a particularly good spot” is based on and supported by fact that despite the August pause the six months to July saw the strongest investment spending in five years as event from macro data history and when looking at USD’s price action in broad market and recent positive outcome of durable goods orders and excellent business spending, Dollar could find stable bullish influence from American markets alone rather than be moved based on geo-political events. Meanwhile, Italy’s Deputy Prime Minister Salvini announced that the Italian government agreed on a 2019 budget deficit target at 2.4% of the GDP, for the next three years, defying Brussels ‘s demands that Italy cut the fiscal deficit to address its high debt.
Italian headlines are a primary driver for EUR confidence heading into the weekend, with the Italian government set to overreach on deficit spending, and trading desks will be keeping an eye out for further headlines as the Italian government and the EU are set for a continued fight over fiscal policy, with a healthy smattering of mid- to low-tier economic data on the docket for the morning, with top-tier preliminary European CPI figures due at 09:00 GMT, and the annualized figure into September is expected to print at 2.1%, a minor uptick from the previous reading of 2.0%, and a missed inflation report here could easily see the EUR/USD continue sliding.
Thanks
YoCryptoManic
EURUSD could be panic further todayEURUSD Technical Overview:
Pivot: 1.1745 (Time of writing EURUSD 1.1705)
Key Resistance: 1.1718 - 1.1739 - 1.1758 - 1.1788 - 1.1820
Key Support: 1.1688 - 1.1665 - 1.1645 - 1.1624 - 1.1610
Day Trading Range: 1.1625 - 1.1745
Technical Indicator:
RSI: The RSI moving around 30 level, from this pair can take some pull back but strong downward momentum.
MACD: MacD loosing bullish scenario & trying to get strong volume in bearish side.
Moving Average: SMA 200 (1.1724) & SMA 55 (1.1756) both are strong resistance for pair today.
Technical Trade Idea:
Most Likely Scenario: short positions below 1.1745 with targets at 1.1685 & 1.1665 in extension.
Alternative scenario: above 1.1745 look for further upside with 1.1775 & 1.1795 as targets.
Fundamental:
The EUR/USD pair created a bearish outside day candle yesterday and could suffer a negative close today on a hawkish interpretation of the Fed policy. The US central bank raised rates by 25 basis point (bps) yesterday. More importantly, it removed the word “accommodate” and kept the interest rate dot plot unchanged, triggering speculation that the tightening cycle is nearing an end.
Despite the “dovish” outcome from the Fed, the overall tone remains the same and the reversal last night was telling that there are still buyers in the dollar and we’re seeing more of that now.
Moving forward, the EURO could suffer further in case the German CPI reading due for release at 12:00 GMT has worse than expected outcome while US Greenback could gain further support for its bull run if the US Q2 GDP and August durable goods figure, scheduled for release today has better than expected outcome which would indicate positive economic scenario in US markets.
Thanks
YoCryptoManic
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=132.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=131.9.
TP4: S2=131.5.
Set the stoploss of these orders at breakout of R2=133.1.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=133.1.
In this situation, there is an expectation to reach the target R3=134.3.
Set the stoploss of reverse orders at breakout of R1=132.6.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
There is a possibility for the beginning of an uptrend in EURUSDMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm.
Trade Setup:
We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO.
Total Profit: 40 pip
Closed trade(s): 0 pip Profit
Open trade(s): 40 pip Profit
Open Profit:
Profit for one trade is 1.1682(current price) - 1.1677(open price) = 5 pip
8 trade(s) still open, therefore total profit for open trade(s) is 5 x 8 = 40 pip
Technical analysis:
There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 46 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.1525 on 09/10/2018, so more gains to resistance(s) 1.1740, 1.1840, 1.1925 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 55.
Take Profits:
TP1 = @1.1740
TP2 = @1.1840
TP3 = @1.1925
TP4 = @1.1995
TP5 = @1.2075
TP6 = @1.2205
TP7 = @1.2555
TP8 = Free
A trading opportunity to Sell in EURGBPMidterm forecast:
While the price is below the resistance 0.9305, beginning of downtrend is expected.
We make sure when the support at 0.8965 breaks.
If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested resistance zone (0.9045 to 0.9085). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.90450)
Ending of entry zone (0.90850)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", 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:
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
Take Profits:
TP1= @ 0.90050
TP2= @ 0.89650
TP3= @ 0.88950
TP4= @ 0.88500
TP5= @ 0.88100
TP6= @ 0.87250
TP7= @ 0.86200
TP8= @ 0.84000
TP9= @ 0.81200
TP10= @ 0.78400
TP11= @ 0.74950
TP12=@ 0.69350
TP13= Free
TRADE WITH >70% PROBABILITY: SELL CLOSE @ 1,1649Rischio: -20 pips Rendimento: + 20 pips
Rapporto Rischio/Rendimento: +100%
Probabilità teorica: >70%. Probabilità effettiva: 92,6 %
Rendimento cumulato: +629 pips
