Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8441). 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....
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9655). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPAUD 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=143.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=142.7. TP4: S2=142.3. Set the stoploss of these orders at breakout of R2=144.05. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7125). 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 below the 21-Day WEMA which acts as a...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.2. TP4: R2=143.45. Set the stoploss of these orders at breakout of S2=142.3. 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=142.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.45. TP4: R2=144. Set the stoploss of these orders at breakout of S2=142.6. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
GBPCHF can be a nice 600 PIPs short below the indicated support at once, But here we will take a more moderate trade yet enjoying 300+ PIPs at once!! Support - 1.2672 Entry - 1.2662 SL - 1.2864 TP - 1.2341 Supporting Fundamentals - The #Pound is fearing bears amidst all the Brexit Noises. Will update the idea as it progresses and make comments.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.296. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2905. TP4: S2=1.287. Set the stoploss of these orders at breakout of R2=1.298. 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=1.2955. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2905. TP4: S2=1.289. Set the stoploss of these orders at breakout of R2=1.2975. 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=1.3025. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.298. TP4: S2=1.2955. Set the stoploss of these orders at breakout of R2=1.3045. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8478). 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....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3055. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.311. TP4: R2=1.315. Set the stoploss of these orders at breakout of S2=1.3035. 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 (1.2613). 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=143.45. TP4: R2=144.35. Set the stoploss of these orders at breakout of S2=142.3. 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 suggested support line (1.3100). 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....
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=142.05. TP4: S2=141.25. Set the stoploss of these orders at breakout of R2=143.6. 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=1.3225. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.338. TP4: R2=1.342. Set the stoploss of these orders at breakout of S2=1.3205. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...