As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.308. TP4: R2=1.3125. Set the stoploss of these orders at breakout of S2=1.2995. 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=113.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=112.8. TP4: S2=112.45. Set the stoploss of these orders at breakout of R2=113.55. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. Technical analysis: The RSI support #1 at 48 is broken, so the probability of resumption of uptrend is decreased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. Price is below...
Trade with >70% probability: SELL SHORT @1,1595 ;stoploss 1,1553
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6575. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.661. TP4: R2=0.664. Set the stoploss of these orders at breakout of S2=0.656. 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=1.2865. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.278. TP4: S2=1.276. Set the stoploss of these orders at breakout of R2=1.289. 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 1.7820, 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=113.05. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=113.5. TP4: R2=113.7. Set the stoploss of these orders at breakout of S2=112.95. 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=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...
Will the Fed give direction to the movement? If it rebounds there is space up to 1.182; if it breaks the support it goes down to 1,163
Midterm 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...
Trade with >70% probability: BUY LONG @1,1629 ;stoploss 1,1609
EURUSD is in a strong uptrend with a recent pullback previous day and a quick engulfing Bullish for the day's candle. Hence we are getting Long on EURUSD at 1.16190 with Stop-loss of 1.1596 and Target of 1.16855
GBPUSD on FX can be Sold at 1.28600 with SL of 1.29315 and Target of 1.25260. Its a good opportunity and has consistently taken resistance at down-trending line. Take advise from your financial advisor before investing.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7650 would begin in Midterm. We will close our open trades, if the Midterm level 1.7650 is broken. New trading suggestion: Price may also reach 1.7650, if price reaches this level, there is a second chance to get more profit and...
USDCAD on FXCM exchange is approaching its resistance down-trend line. Which opens a wonderful opportunity with a tight stoploss. Sell USDCAD on FXCM exchange in the range of 1.31700 to 1.31730 with Stop-loss of 1.32032 and Target of 1.30468
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...