Don't miss the great buy opportunity in USDSGDMidterm forecast:
. While the price is above the support 1.3430, beginning of uptrend is expected.
. We make sure when the resistance at 1.3754 breaks.
. If the support at 1.3430 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.
. A peak is formed in daily chart at 1.3985 on 06/22/2020, so more losses to support(s) 1.3550 and minimum to Major Support (1.3430) 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 42.
Take Profits:
TP1= @1.3754
TP2= @1.3885
TP3= @1.4035
TP4= @1.4270
TP5= @1.4635
TP6 Free
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Forexanalysis
EURUSD LONG TRADE SETUPThe weekly right side is down against 1.4917. The daily is turning up against March lows at 1.0636. The 4 hour right side is up against 1.0757. The hourly right side is up against 1.1759. While above there the pair can continue higher toward 1.2200 in the cycle from the March lows.
BUY @ 1.1802-1.1780
TP: 1.1880
SL: 1.1750
Good luck !
SHORT signal AUDUSD at 0.71610will go SHORT on AUDUSD because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the resistance.
5) Target would be the Support area . Book profit when it reaches the support zone .
ENTRY : 0.71610
FIRST TARGET : 0.71373
STOP LOSS : 0.71633
LONG AUDJPY BUY areas , High Probability tradeI will go LONG on AUDUSD because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
AUDUSD BUY areas , High Probability trade I will go LONG on AUDUSD because:
1) The price is under Support/Resistance zone.
2) It has touched the support and may reach the resistance zone .
3) Target would be the Resistance area . Book profit when it reaches the resistance zone .
4) The price is also forming a Chanel or Rectangle Pattern .
GBPJPY LONG TRADE SETUPThe daily right side is down against 147.75. The 4-hour is turning up against 131.71. The 1 hour is turning down against 136.62. While above 131.71 it can see a swing higher toward 142.00 before it corrects the cycle up from the March 2020 lows.
BUY GBPJPY
@135.05-134.85
TP: 136.00
SL: 134.50
Good luck !
GBPCHF 4HR LONG PREDICTION Hello Trades! Welcome back ! As we have seen we have a bearish trand reversal happened in the last week.Now the price is consolidating, So as per my analysis there would be a strong push towards uptrend. You can get this trade with a SL of 42 pips from current price and TP of 180 pips i;e 1:4.5 Risk reward ratio.!IF THE PRICE FAILS TO MOVE UP PLEASE WAIT FOR RETEST AND THEN SELL .(Side note): I just use my simple profitable strategy which works 80% times ! Please feel free to Message me for your account growth! SINCERE ADVICE- DO NOT FALL FOR SCAMMERS
EURAUD LONG TRADE SETUPThe daily is turning down against the 3/19/20 highs at 1.9800. The 4 hour right side is down against the June highs at 1.6589. While below the 1.6400 highs, more importantly the June highs the pair can see a turn back lower continue.
Short term trade
Long @1.6302-1.6282
Target: 1.6380
SL: 1.6260
good luck !
GBPJPY 4HR ProjectionOverall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.
GBPUSD WEEKLY ANALYSIS, JUL 6-10Hi traders,
wish you for successful trading week ahead,
GBPUSD pair looking to go up during last week, but its not successful for GBPUSD of being bullish..1.25000 price area which turned a support area into a resistance zone send the price down during end of last week..hope the downtrend continues for GBPUSD atleast 1.23 area during the mid of the week.. may go up from that support area.
Thank you all.
Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also
Gold / XAUUSD Weekly analysis, June 29 - July 3, 2020Hi traders,
Wish you for the profitable week ahead,
Last week the pair touches the yearly high of 1778, and from the technical perspective Gold will looks to go downwards it seems,
it reaches the resistance area of 1777 and this pair has formed a RISING WEDGE PATTERN during the period of june month, this pattern shapes the Gold's July fate.. lets wait and watch for further action..
Note- Analysis done from the technical point of view for the educational purpose, this is not the final conclusion
USDJPY weekly analysis , June 15-19Hi Traders,
Wish you for the new week of trading , Dollar against Japanese yen have been bearish during last week, when it finishes on friday it came up to touch 107.600, where this same price zone acted as support for long time last few months now this area turned out to be a strong resistance zone . So this week USDJPY may be continues its bearish run till 105.900..
Note - Predictions based on pure technical analysis, Fundamentals impact also reflects in price movements..
XAUUSD, Gold against Dollar , Technical analysis May 11 to 15This pair, last 2 weeks its been moving inside the box , after May started its expected to go up but in contrast, gold against dollar pair is moving sideways.. after the strong bullish move from 1483 on March mid to 1747 on April Mid. and it clearly get itself into a accumulation zone.
I am not surprised if this moves in the similar way for the coming few weeks...Thanks