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WTI recovers with slowing down of Corona Virus spread +ve USOILUSOIL is recovering, or at least has stopped going further down. Currently consolidating in a $3 range B/W 49.40 - 52.30 in last couple week (check Magenta rectangle). Currently trading at 59.02 (19.30 pm GMT+5.30) which also happen to be a strong resistance from the current level. If it breaks the asset will go into a buffer zone as we can see a DOUBLE BOTTOM is forming. and crosses above 52.22 level it will certainly have good prospects for an excellent rally, hence good buying opportunity. Corona updates: Deaths Hit 1,115; Data Signal Spread May Be Easing: Virus Update‼️ New cases slowing own yet posses a great threat - WHO Important factors and Commentary: > China death toll at 1,113, up by 97 > Confirmed China cases at 44,653, up 2,015 > Turned Away on Virus Fear, Cruise Ship Risks Running Low on Food > China’s Cities Lock Up Residents to Prevent Spread of Virus (data Via Investing.com) “In particular, we are closely monitoring the emergence of the corona virus, which could lead to disruptions in China that spill over to the rest of the global economy,” Powell said in remarks before U.S. lawmakers. Critical levels - Resistance Zone - 50.55 - 51.05 Possible entry Trigger - 52.26 - 52.46
TVC:USOILLong
by TREND-KEY
USD.CHF P-Modeling Pt 1. Forex Experimentation in QuantraForex Experimentation using Quantum Hyperspace Decoding Protocols. Medium Range Prediction Modeling Next up, is USD.CHF Start March 2019. End March 2020 Timeframe: 4 Hours. Technicals If one looks closely we can see an another quantum cup with a harmonic handle. Found Root Linear. Validated Arc. Validated shadow seq . Harmonic layers create TPs. Awaiting some further confirmation. I have laid three trade sequences out. Please see chart for details. Error Allowance is 12 hours and 30 minutes. CHF is an odd duck. USD will still die but unlike the others, this USD pair is long. IMO . But i am probably wrong here.. Let's see how this plays out.. These are not mistakes. Find the "we are here" bubble to begin. Failure is a necessary component of success. Welcome to the Hyperspace. Thanks for Pondering the Unknown with Me, Glitch420
by Glitch420
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.75. TP4: R2=141.1. Set the stoploss of these orders at breakout of S2=139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=139. In this situation, there is an expectation to reach the target S3=137.65. Set the stoploss of reverse orders at breakout of S1=139.5. 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!
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (119.03). 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. . The RSI is at 81. Take Profits: TP1= @ 120.00 TP2= @ 120.78 TP3= @ 122.22 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (118.16). 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. . The RSI is at 70. Take Profits: TP1= @ 118.65 TP2= @ 119.80 TP3= @ 120.80 SL= Break below S2
Long
by ForecastCity_EU
2