GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.294.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.29.
TP4: S2=1.2865.
Set the stoploss of these orders at breakout of R2=1.296.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.296.
In this situation, there is an expectation to reach the target R3=1.305.
Set the stoploss of reverse orders at breakout of R1=1.294.
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!
GBP
Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.30793). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD 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 75.
Take Profits:
TP1= @ 1.31810
TP2= @ 1.32600
TP3= @ 1.3350
SL= @ 1.30427
GBPUSD Intraday ForecastAs 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=1.307.
TP4: R2=1.312.
Set the stoploss of these orders at breakout of S2=1.298.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.298.
In this situation, there is an expectation to reach the target S3=1.288.
Set the stoploss of reverse orders at breakout of S1=1.301.
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!
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3196). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF 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 62.
Take Profits:
TP1= @ 1.3329
TP2= @ 1.3415
TP3= @ 1.3815
SL= @ 1.3170
EURUSD + GBPUSDEURUSD 1.1216 major support
The euro currency is attempting to correct higher against the US dollar in early week trading, amidst quiet market conditions. Technical indicators on the lower time frames have now corrected from oversold conditions, with EURUSD the pair still struggling to break past the 1.1250 resistance level. Sellers need to breach the 1.1216 support level to further encourage selling towards critical weekly support, at 1.1175.
The EURUSD pair is intraday bearish while trading below the 1.1250 level, key technical support is found at the 1.1216 and 1.1175 levels.
If the EURUSD pair trades above 1.1250 level, key intraday resistance is found at the 1.1280 and 1.1300 levels.
GBPUSD bears targeting 1.2940
The British pound currency has opened the new trading week under pressure against the US dollar following a bearish weekly price close below the 1.2985 level. The 1.2940 level is the next downside target for sellers, with the 1.2880 level the overall downside objective. Only a sustained move above the 1.3030 level can negate intraday selling pressures surrounding the GBPUSD pair.
The GBPUSD pair is heavily bearish while trading below the 1.2985 level, key support is found at the 1.2940 and 1.2880 levels.
If the GBPUSD pair trades above 1.2985 level, key intraday resistance is found at the 1.3000 and 1.3030 levels.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=144.95.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=145.9.
TP4: R2=146.35.
Set the stoploss of these orders at breakout of S2=144.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=144.75.
In this situation, there is an expectation to reach the target S3=143.7.
Set the stoploss of reverse orders at breakout of S1=144.95.
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!
GBPJPY appears oversoldThe Congestion Opportunities Strategy has just bought GBPJPY at 144.226. The system recommends entering this trade at any price between 143.942 and 144.51. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be oversold, while the Speculative Sentiment Index reading of 1.48 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.137, so the stop loss has been set at 143.089. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Signal ID: 64221
Time Issued: Monday, 11 March 2019 00:00:44 GMT
Status: open
Entry: 143.942 - 144.51
Limit: N/A
Stop Loss: 143.089
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Breakout Identified in GBPJPYThe Breakout Opportunities system has just sold GBPJPY at 143.849. The system recommends entering this trade at any price between 143.556 and 144.397. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.779, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour high of 146.043 and a profit target has been set at the 1 Day ATR level at 142.679. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 64223
Time Issued: Monday, 11 March 2019 00:52:15 GMT
Status: open
Entry: 143.556 - 144.397
Limit: 142.679
Stop Loss: 145.491
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=146.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=146.2.
In this situation, there is an expectation to reach the target S3=144.75.
Set the stoploss of reverse orders at breakout of S1=146.8.
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!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.2.
TP4: R2=144.15.
Set the stoploss of these orders at breakout of S2=141.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=141.95.
In this situation, there is an expectation to reach the target S3=140.85.
Set the stoploss of reverse orders at breakout of S1=142.2.
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!
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=139.55.
TP4: R2=140.1.
Set the stoploss of these orders at breakout of S2=138.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=138.55.
In this situation, there is an expectation to reach the target S3=137.5.
Set the stoploss of reverse orders at breakout of S1=138.75.
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!
GBPNZD SHORTAs we can see price has been in a very good and strong Downtrend for a while and then it started retracing, my bias and Technical Analysis says that the retracement is complete or it is about to be completed. but If retracement is completed then this time is good oppertunity to sell.
TRADE WITH PROPER STOP LOSS BASED ON THE MARKET STRUCTURE!!
GOOD LUCK!!
TRADE SAFE
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.55.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.6.
TP4: R2=149.
Set the stoploss of these orders at breakout of S2=147.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=147.3.
In this situation, there is an expectation to reach the target S3=146.2.
Set the stoploss of reverse orders at breakout of S1=147.55.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=146.95.
In this situation, there is an expectation to reach the target S3=145.85.
Set the stoploss of reverse orders at breakout of S1=147.2.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2725.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2815.
TP4: R2=1.2845.
Set the stoploss of these orders at breakout of S2=1.2695.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2695.
In this situation, there is an expectation to reach the target S3=1.2595.
Set the stoploss of reverse orders at breakout of S1=1.2725.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.28.
TP4: S2=1.275.
Set the stoploss of these orders at breakout of R2=1.292.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292.
In this situation, there is an expectation to reach the target R3=1.303.
Set the stoploss of reverse orders at breakout of R1=1.288.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.4.
TP4: R2=149.
Set the stoploss of these orders at breakout of S2=147.35.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=147.35.
In this situation, there is an expectation to reach the target S3=146.25.
Set the stoploss of reverse orders at breakout of S1=147.6.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPUSD Short @ Market 1.2835Cable has resumed its downtrend and can test recent cycle lows.
As we said in our Market Movers comments yesterday, Brexit discord (and high uncertainty) both within the UK and between the EU and the UK continues to keep sterling soft. Poor manufacturing data yesterday morning - the lowest PMI reading in more than two years - has also not helped.
Technically, the long-term downtrend is well both well established and well known! Recently we saw cable bounce off its lows and form an ascending channel. However, prices have broken out of this channel today and have also importantly failed to keep above the July low around 1.2957.
Zooming into the hourly chart we can see bearish momentum has broken yesterday's lows. This has triggered our sell signal. Place your stop above recent consolidation at 1.2895 and a limit order at this month's lows at 1.2665.
A trading opportunity to Sell in EURGBPMidterm 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 0.9085). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.90450)
Ending of entry zone (0.90850)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 53.
Take Profits:
TP1= @ 0.90050
TP2= @ 0.89650
TP3= @ 0.88950
TP4= @ 0.88500
TP5= @ 0.88100
TP6= @ 0.87250
TP7= @ 0.86200
TP8= @ 0.84000
TP9= @ 0.81200
TP10= @ 0.78400
TP11= @ 0.74950
TP12=@ 0.69350
TP13= Free