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Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2246). 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 73. Take Profits: TP1= @ 1.2412 TP2= @ 1.2476 TP3= @ 1.2642 SL= Break below S2
Long
by ForecastCity_EU
15
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.1885). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 1.1715 TP2= @ 1.1578 TP3= @ 1.1417 SL: Break Above R2
Short
by ForecastCity_EU
8
Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8877). 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. . The RSI is at 63. Take Profits: TP1= @ 0.9015 TP2= @ 0.9165 TP3= @ 0.9317 SL= Break below S2
Long
by ForecastCity_EU
7
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2181). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 35. Take Profits: TP1= @ 1.2024 TP2= @ 1.1888 TP3= @ 1.1409 SL: Break Above R2
Short
by ForecastCity_EU
9
Don't miss this Sell trading opportunity of GBPCHF!Midterm forecast: While the price is below the resistance 1.2200, resumption of downtrend is expected. We make sure when the support at 1.1670 breaks. If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to Major Support (1.1670) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 36. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.22 to 1.214). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.22) Ending of entry zone (1.214) 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: Trade Setup: We opened 6 SELL trade(s) @ 1.1996 (day close price) based on 'Peak' at 2020.05.11. Total Profit: 1022 pip Closed trade(s): 162 pip Profit Open trade(s): 860 pip Profit Closed Profit: TP1 @ 1.1960 touched at 2020.05.12 with 36 pip Profit. TP2 @ 1.1870 touched at 2020.05.13 with 126 pip Profit. 36 + 126 = 162 pip Open Profit: Profit for one trade is 1.1996(open price) - 1.1781(current price) = 215 pip 4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 pip All SLs moved to Break-even point. Take Profit: TP3= @ 1.1670 TP4= @ 1.1470 TP5= @ 1.1100 TP6= Free
Short
by ForecastCity_EU
16
Don't miss the great buy opportunity in GBPJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (130.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 56. Take Profits: TP1= @ 131.9 TP2= @ 132.5 TP3= @ 133.0 SL= Break below S2
Long
by ForecastCity_EU
14
Don't miss the great sell opportunity in GBPJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (131.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 23. Take Profits: TP1= @ 130.85 TP2= @ 130.50 TP3= @ 130.00 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great sell opportunity in GBPJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (132.05). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 23. Take Profits: TP1= @ 131.30 TP2= @ 130.55 TP3= @ 129.85 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.252). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 47. Take Profits: TP1= @ 1.2405 TP2= @ 1.2360 TP3= @ 1.2255 SL: Break Above R2
Short
by ForecastCity_EU
5
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.209). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 1.1870 TP2= @ 1.1675 TP3= @ 1.1250 SL: Break Above R2
Short
by ForecastCity_EU
8
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2128). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 1.2017 TP2= @ 1.1893 TP3= @ 1.1715 SL: Break Above R2
Short
by ForecastCity_EU
5
Don't miss the great buy opportunity in GBPJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (133.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY 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= @ 135.5 TP2= @ 135.8 TP3= @ 136.5 SL= Break below S2
Long
by ForecastCity_EU
4
Don't miss the great sell opportunity in GBPJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (133.4). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 132.60 TP2= @ 131.95 TP3= @ 131.20 SL: Break Above R2
Short
by ForecastCity_EU
2
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2406). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 1.2000 TP2= @ 1.1840 TP3= @ 1.1410 SL: Break Above R2
Short
by ForecastCity_EU
9
Don't miss the great sell opportunity in GBPJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (133.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 53. Take Profits: TP1= @ 132.55 TP2= @ 131.90 TP3= @ 131.20 SL: Break Above R2
Short
by ForecastCity_EU
4
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.239). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.2285 TP2= @ 1.2245 TP3= @ 1.2165 SL: Break Above R2
Short
by ForecastCity_EU
6
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2575. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2485. TP4: S2=1.2435. Set the stoploss of these orders at breakout of R2=1.2645. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2645. In this situation, there is an expectation to reach the target R3=1.2785. Set the stoploss of reverse orders at breakout of R1=1.2575. 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!
Short
by ForecastCity_EU
2
Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8744). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 0.8858 TP2= @ 0.8928 TP3= @ 0.9055 SL= Break below S2
Long
by ForecastCity_EU
5
Don't miss the great sell opportunity in GBPCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7455). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 31. Take Profits: TP1= @ 1.7260 TP2= @ 1.7130 TP3= @ 1.6958 SL: Break Above R2
Short
by ForecastCity_EU
10
Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8769). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Take Profits: TP1= @ 0.8866 TP2= @ 0.8910 TP3= @ 0.8994 SL= Break below S2
Long
by ForecastCity_EU
4
GBPJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=133.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=132. TP4: S2=131.25. Set the stoploss of these orders at breakout of R2=133.5. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=133.5. In this situation, there is an expectation to reach the target R3=134.65. Set the stoploss of reverse orders at breakout of R1=133.3. 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!
Short
by ForecastCity_EU
1