USD/INRNote:
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USD (US Dollar)
USD/TRY PA AnalysisUSD/TRY Chart for educational/study purposes. It's not an investment advice. Made an analysis of this pair months ago, you can check the chart here:
USD lost value against Lira for months and ignored several demand zones until the yearly pivot. At yearly pivot, buyers kicked in with significant buying pressure and the price made a significant reversal thanks to DXY. Will see how it plays out.
Dollar Index Trading Strategy If you see 60 minute chart, You might see a clear triangle pattern and other indication also in favor for Dollar up but not clear when it will happen so be prepared for DOLLAR upside breakout but there is a minor chance for downside also.
I am more in upside rather than downside because of too many support are in placed right now.
Trade-1: Buy Above Central Pivot and Target should be Placed 92.20
Trade-2: Sell Below 91.60 With Target Should be 91.20
Ripple/Bitcoin Failing Wedge PossibleRipple/Bitcoin Failing Wedge Possible.... XRP/Btc
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USD INR - Shorting opportunityThis is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
USD INR - First public post This is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
GBPUSD, could be the End of March Consolidation, Mar 15-19Pound vs Dollar pair have been sideways after a long bearish at Feb end..1.39750 area to be look out for this week, reaction of price action at this price mark could define the week's move,
if there is no news impact, this could be a bullish week for GBPUSD
Analysis only for education purpose
💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.19590).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Take Profits:
TP1= @ 1.18900
TP2= @ 1.18370
TP3= @ 1.17440
TP4= @ 1.16100
TP5= @ 1.14230
SL: Break Above R2
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💡Don't miss the great buy opportunity in Gold (XAUUSD)Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (1680.40).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CROUSDT is in an uptrend, and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1770.00
TP2= @ 1829.00
TP3= @ 1923.00
TP4= @ 2000.00
TP5= @ 2074.00
SL= Break below S2
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EURUSD WEEKLY LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
XAUUSD, looks to touch the support at 1655 zoneGold against dollar , pair trending lower for several week from year started, now its almost ready to touch the support at 1655 price zone, we have to wait to witness a bounce back..but Dominating USD affects the Gold moves..
Analysis only for education purposes
It's a great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3335). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.3470
TP2= @ 1.3525
TP3= @ 1.3555
TP4= @ 1.3615
TP5= @ 1.3705
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDCADTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.25930).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCAD 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 42.
Take Profits:
TP1= @ 1.26760
TP2= @ 1.26990
TP3= @ 1.27480
TP4= @ 1.28640
TP5= @ 1.29240
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️