USD (US Dollar)
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7063).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.7032
TP2= @ 0.6999
TP3= @ 0.6962
TP4= @ 0.6922
TP5= @ 0.6883
SL: Break Above R2
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Quick 1:3 Short trade on BTCUSD - DONE 🤣Range Rider is my special script which identifies the prevailing consolidations within an existing trend and provides clear breakout trades.
It simplifies the trade setup with 1:2 to 1:3 in no time, when instrument is out off the consolidation zones.
this is a simple short trade on BTCUSD with 1:3 targets. and its cleared.
Now ramping up for another setup alerts to trade again 😄😄
💡Don't miss the great sell opportunity in AUDUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7598).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 0.7564
TP2= @ 0.7537
TP3= @ 0.7510
TP4= @ 0.7493
TP5= @ 0.7472
SL: Break Above R2
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
Technical analysis:
A peak is formed in the daily chart at 1916.50 on 06/ 01 /2021,
so more losses to support(s) 1762.55 and minimum to Major Support (1744.50) are expected.
Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains.
The relative strength index ( RSI ) is 35.
Take Profits:
TP1=1762.55
TP2=1828.25
TP3=1875.15
TP4=1959.30
TP5=2075. 05
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💡Don't miss the great buy opportunity in USDCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9163).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF 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 51.
Take Profits:
TP1= @ 0.9199
TP2= @ 0.9212
TP3= @ 0.9236
TP4= @ 0.9263
TP5= @ 0.9322
SL= Break below S2
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💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.19470).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the resumption of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45
Take Profits:
TP1= @ 1.19160
TP2= @ 1.18806
TP3= @ 1.18460
TP4= @ 1.18300
TP5= @ 1.17970
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3382).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD 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 40 .
Take Profits:
TP1= @ 1.3467
TP2= @ 1.3510
TP3= @ 1.3557
TP4= @ 1.3617
TP5= @ 1.3668
SL= Break below S2
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💡Don't miss the great buy opportunity in DOGEUSD @dogecoin Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.22820).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD 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 53.
Take Profits:
TP1= @ 0.29290
TP2= @ 0.33700
TP3= @ 0.39400
TP4= @ 0.44310
TP5= @ 0.52570
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD @ethereum Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1916.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD 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 50.
Take Profits:
TP1= @ 1981.5
TP2= @ 2043.0
TP3= @ 2136.0
TP4= @ 2276.2
TP5= @ 2450.5
SL= Break below S2
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💡Don't miss the great buy opportunity in BTCUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (32380).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD 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 54.
Take Profits:
TP1= @ 34802
TP2= @ 36116
TP3= @ 37780
TP4= @ 39563
TP5= @ 42058
TP6=@ 45799
SL= Break below S2
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ForecastCity English Support Team ❤️
USDINR View After a successful rally Upside, we have analysed that it will rest now.
Range bound movement is expected...
May go for strangle after tomorrow's expiry is closed.
USDTBH: Breakout of the trend on the charts?USDTHB is at an important resistance level. The resistance is formed since 2017 and if that broken, it may lead the path towards 33. With rising USD index, increase in crude prices and higher US inflation, will we see the breach of the trend this time? Keep a close watch.
💡Don't miss the great sell opportunity in AUDUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7562).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.7402
TP2= @ 0.7245
TP3= @ 0.7004
TP4= @ 0.6853
TP5= @ 0.6673
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDSGD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.33851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD 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 74.
Take Profits:
TP1= @ 1.34828
TP2= @ 1.35317
TP3= @ 1.35762
TP4= @ 1.36323
TP5= @ 1.36743
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️