Trading 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...
Signal no.5 Sell Nzd/Chf @ 0.6807 Tp - 0.6755 & 0.6720 Sl - 0.6820 (13 pips) Resistance around 0.6810
As 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...
Technical analysis: . STELLAR/DOLLAR 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 38. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . Dash/Dollar 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 39. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=111.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=111.35. TP4: S2=111.25. Set the stoploss of these orders at breakout of R2=111.8. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
20190417 BUY USDCHF IN BUY AREA with STOPLOSS BELOW RED LINE 20190422 Major Resistance broken Buy in SUPPORT area Brown - SL 1.00850 TGT 1.01965
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. 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=0.664. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6675. TP4: R2=0.6705. Set the stoploss of these orders at breakout of S2=0.663. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion: . There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6785. TP4: R2=0.68. Set the stoploss of these orders at breakout of S2=0.6715. 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=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
We are staying Long onn our Cable trade Brexit relaxed and USD index slowing down and US Fed is constantly denying the R word
USDCAD approached its support at 1.3342(38.2% Fibonacci retracement , horizontal pullback support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 1.3465( horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses...
USDCHF is approaching its resistance at 1.0122(61.8% & 100% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at 1.0022(50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can...
NZDUSD is approaching its resistance at 0.6838 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 0.6767(76.4% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries...
EURUSD is approaching its resistance at 1.1295 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.1219( 61.8% Fibonacci retracement). Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high...
USDCAD approached its support at 1.3342(38.2% Fibonacci retracement , horizontal pullback support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 1.3465( horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses...