AUDUSD is a strong sell since its being sold into since past few days and is in down trend on daily charts.
Sell AUDUSD at 0.70655 with Stop-loss of 0.71002 and Target of 0.69776
EURUSD is in a strong uptrend with a recent pullback previous day and a quick engulfing Bullish for the day's candle. Hence we are getting Long on EURUSD at 1.16190 with Stop-loss of 1.1596 and Target of 1.16855
GBPUSD on FX can be Sold at 1.28600 with SL of 1.29315 and Target of 1.25260. Its a good opportunity and has consistently taken resistance at down-trending line. Take advise from your financial advisor before investing.
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8785 would begin in Midterm.
We will close our open trades. if the Midterm level 0.8785 is broken.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in the daily chart...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.
Technical analysis:
.While the RSI resistance #1 at 73 is not broken, the probability of price increase would be too low.
.A peak is formed in daily chart at 0.9160 on 06/08/2018, so more losses to support(s) 0.9110, 0.9065, 0.9000...
New trading suggestion:
*The price is in a downtrend and we forecast the downtrend would continue.
*There is still a possibility of temporary retracement to suggested resistance line(0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to ...
Midterm forecast:
1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
. The RSI bounced from the downtrend #1 and it prevented price from more gains.
. A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected.
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