Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4185). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD 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 uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0975. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.106. TP4: R2=1.1105. Set the stoploss of these orders at breakout of S2=1.095. 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=108.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=107.1. TP4: S2=106.8. Set the stoploss of these orders at breakout of R2=108.45. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2015. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.223. TP4: R2=1.2275. Set the stoploss of these orders at breakout of S2=1.197. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (110.55). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY 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=1.4295. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.4165. TP4: S2=1.408. Set the stoploss of these orders at breakout of R2=1.4335. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.576. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.586. TP4: R2=0.592. Set the stoploss of these orders at breakout of S2=0.5735. 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=0.572. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.5845. TP4: R2=0.5895. Set the stoploss of these orders at breakout of S2=0.5695. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
In this current crisis, Could a Cup and Handle Pattern be forming? Will we see 1USD = Rs.78 - Rs.80 ??
INR will be weak in the coming months. Target expecting beyond 84.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1055. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.095. TP4: S2=1.09. Set the stoploss of these orders at breakout of R2=1.1085. 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=107. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=105.7. TP4: S2=105.1. Set the stoploss of these orders at breakout of R2=107.5. 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=1.1235. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1135. TP4: S2=1.1055. Set the stoploss of these orders at breakout of R2=1.125. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.114. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.122. TP4: R2=1.125. Set the stoploss of these orders at breakout of S2=1.112. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
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
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1315. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1245. TP4: S2=1.121. Set the stoploss of these orders at breakout of R2=1.1335. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...