Trading suggestion: . There is a possibility of temporary retracement to suggested support line (68.777). 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...
The 4 hour is turning up against 3/09/2020 low (101.19). 1 hour is turning down against 107.46 high. Near-term, while bounces fail below 107.46 high and more importantly below 109.85 high expect pair to extend lower to correct the cycle from 3/09/2020 low in 7 or 11 swings before upside resume. Sell USDJPY @108.10-55 Target: 105.00 SL: 109.50 Good luck
The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower. Short GBPJPY @133.133.50 Target 1- 130.50 Target2- 128.00 Sl: 134.00 Good luck !
EUR AUD is trading on his Daily resistance, on other side AUD is trading on weekly support we can see a short term Aud bounce from this point , technically EUR/AUD the 1 hour right side is down with a bearish sequence. Near-term while below the the 1/24/19 highs the pair can continue lower again to correct the cycle up from the 2/22/17 lows. Sell EUR...
Midterm Forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm. We will close our open trades. if the Midterm level 0.8785 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in the daily chart...
Midterm Forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.6190 would begin in Midterm. Technical analysis: The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains. A trough is formed in the daily chart at 1.5425 on 06/14/2018, so more gains to resistance(s)...
New trading suggestion: *The price is in a downtrend and we forecast the downtrend would continue. *There is still a possibility of temporary retracement to suggested resistance line(0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes to ...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 108.35 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented price from more losses. The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased. A trough is...
New trading suggestion: Price may also reach to suggested resistance line (133.50). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the price is below the resistance 133.50, beginning of downtrend is expected. We make sure when the support at 128.95 breaks. If the resistance...
New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the price is above the support 0.9815, continuation of...
Trade with >70% probability: BUY close@ 1,2345 Risk: - 26pips Profit: +20pips Profit/ Risck Ratio: +76.9% Theoric Probability: >70% Actual Probability: + 94.11% Total Gain: +488pips
Trade EURUSD using Multiple Moving Averages Blue line is the trigger line. Green is the short term trendline. Red is the longer term trendline. Long on trigger crossover. Short on trigger crossunder. Kindly share your ideas about this with me...