J-USD
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 17.520, beginning of uptrend is expected.
We make sure when the resistance at 21.200 breaks.
If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 18.080 on 10/14/2022, so more gains maximum to Major Resistance (21.200) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
19.939
20.621
21.200
22.417
24.129
25.986
26.940
28.304
29.850
37.500
44.200
49.800
60.000
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
1674.85 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1674.85 is broken.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 1616.52 on 11/03/2022, so more gains to resistance(s) 1807.13, 1850.71, 1878.75 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 70.
Take Profits:
1658.96
1688.79
1708.45
1730.00
1765.00
1807.13
1850.71
1878.75
1914.23
1980.16
2074.89
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💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (20913).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 21469
TP2= @ 21813
TP3= @ 22667
TP4= @ 23577
TP5= @ 24436
SL= Break below S2
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💡Don't miss the great buy opportunity in ATOMUSD @cosmosTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (13.254).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ATOMUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 14.613
TP2= @ 15.267
TP3= @ 16.115
TP4= @ 16.964
TP5= @ 18.500
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.02436).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.02582
TP2= @ 0.02659
TP3= @ 0.02722
TP4= @ 0.02867
TP5= @ 0.02987
SL= Break below S2
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💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0527).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 1.1798
TP2= @ 1.2441
TP3= @ 1.3110
TP4= @ 1.3658
TP5= @ 1.4458
SL= Break below S2
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💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.4673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.5077
TP2= @ 0.5289
TP3= @ 0.5495
TP4= @ 0.5872
TP5= @ 0.6148
SL= Break below S2
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💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.38).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 7.77
TP2= @ 8.17
TP3= @ 8.74
TP4= @ 9.57
TP5= @ 10.08
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (337.9).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 358.5
TP2= @ 376.8
TP3= @ 403.1
TP4= @ 426.1
TP5= @ 458.3
SL= Break below S2
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💡Don't miss the great buy opportunity in FILUSD @protocollabsTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.70).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 6.26
TP2= @ 6.48
TP3= @ 6.67
TP4= @ 6.98
TP5= @ 7.71
SL= Break below S2
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EURUSD, 1D BEARISH FORECASTDespite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep.
Consider below reasons for selling market.
1. EURUSD is now trading below 50% and 61.8 fib ret.
This is clear indication that EUR could continue trading low against Cable.
2. Another reason is that our harmonic or XABCD pattern have came with a bat pattern, which shows that the CD leg has already been completed, and the Bearish movement has taken place according to the current market price.
3. I've noticed that the price has started with raising trendline or channel from the price level of 0.95455 which matced exactly to the 100% of the 31 may high.
And the last highest traded price matched with our last part of our bat pattern leg that's D and that's exactly the resistance of the raising trendline/channel.
4. The European Central Bank (ECB) has came dovish after their interest rate decision, and the Lagarde hints more economical pains till end of the year.
With the above reasons I believe EURUSD will reach atleast 0.98088, which is retest level of broken descending trendline respected since 08/Jun/22, it also matches our 78.6 ret level, and the testing area of raising trendline/channel.
It means price has to reset raising trendline/channel atleast before going back high to 61.8 ret level.
Find confirmation using lower timeframe.
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5575).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.5627
TP2= @ 0.5673
TP3= @ 0.5727
TP4= @ 0.5764
TP5= @ 0.5805
SL= Break below S2
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Dollar Index will probably move down from this levelDollar Index reached an important level. Low probability of a good up move from here. Thus it looks like this is time for USD to probably pause for a few months as compared to other currencies. Upside first target complete in weekly chart.
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The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).
Red more : www.investopedia.com
Against the TradeIn gold/usd we can go both short for scalping and long for swing trade.
The trade is quite risky as we are going to trade for a reversal. Their is good buying momentum broom bottom so this can be good place to buy on green line (after a retrecement from rejection levels I.e red line ).
DXY CONSOLIDATION PATTERNDollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index.
As per my view we will be going higher towards 120-128 levels in short term .