Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
hello traders. After we hit our tp on gbpusd (see the comment below for link) here is our fresh analysis on this. The pair did break the support line, did a retest and is heading towards its support. TP=1.6400 SL=1.29000
Hello traders. After we hit our tp on gbpusd (see the comment below for link) here is our fresh analysis on this. The pair did break the support line, did a retest and is heading towards its support. TP=1.6400 SL=1.29000
Hello Everyone Here is an analysis on GBPCHF As we can see there is a head and shoulder pattern. The pair has made one shoulder and head and is about to make its secound shoulder.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=137.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=138.55. TP4: R2=139.15. Set the stoploss of these orders at breakout of S2=137.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hello people Here is an awesome analysis for you. Pair= GBPAUD As we can very clearly see that the pair is in a channel which is a buy trend. Also the pair is making a new higher high while not breaking the previous lower low. The pair might touch the trendling support area and then bounce back. One can take a buy entry with a tp at 2.00000 while keeping SL...
Hey trades, hope you all are having a great week. So here is the analysis of GBPJPY. As always our blue line indicates support and resistence and the black line indicates the possible trend. As we can see that the trend is in middle so we advice you to not take any trade. However we can see that it broke the trendline support and has gone down, also we can see...
Hello Traders, So here is an analysis of GBPUSD As we can see that in 4h its on sell trend but there would be a small buy that might come. As you can see that at level 1.3000 it hit the trendline resistence and started falling.but after hitting the support line on 1.27955 it went a bit high, so considering this it wil go a bit up and then continue falling again...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8441). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP 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....
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9655). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=142.7. TP4: S2=142.3. Set the stoploss of these orders at breakout of R2=144.05. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.2. TP4: R2=143.45. Set the stoploss of these orders at breakout of S2=142.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.45. TP4: R2=144. Set the stoploss of these orders at breakout of S2=142.6. 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=1.296. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2905. TP4: S2=1.287. Set the stoploss of these orders at breakout of R2=1.298. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2955. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2905. TP4: S2=1.289. Set the stoploss of these orders at breakout of R2=1.2975. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...