Midterm forecast:
While the price is above the support of 23.75, a resumption of an uptrend is expected.
We make sure when the resistance at 28.75 breaks.
If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle is taking shape, and as a continuation pattern suggests, we...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.1824).
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 beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend, and the beginning of a 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 the suggested resistance line (110. 40 ).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as...
Possible Top is formed with Fake Breakout and strong inverted hammer.
View : Sideways to Bearish
Resistance @ 74.75 Support at 74
Short Straddle 74.75 or 74.5 Strike is possible
Or my favourite Bear Call Spread.
Sell 74.75 CE and buy 75 CE
this must be done on bounce, if we get one for this week's expiry.
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1812.16).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
Midterm 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 trough is...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9173).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9201).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.6470).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY 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...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (110.31).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
". There is a possibility of temporary retracement to the suggested support line (34.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD 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...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7004).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
