Theta possibly forming bull flag, if we breakout then targets arround 14 - 14.5 usd.
EUR/USD will be declared as Sell Signal Today (May 6, 2021)
We need to Buy GBP/USD today (May 6, 2021)
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.2040). 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 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 (0.7167). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Midterm forecast: While the price is above the support 1744.50, resumption of uptrend is expected. We make sure when the resistance at 1797.55 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: There is a...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (8.24484). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a uptrend and the continuation of 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 suggested resistance line (0.9120). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.3246). . 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. ....
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.2090). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
USDINR CONFIRMS DOUUBLE TOP PATTERN...SHORT IT FOR TARGET 73.50 AND 72.25....EXPECTED TI TEST LEVELS 70 TILL JULY
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (107.800). . 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
". There is still a possibility of temporary retracement to suggested resistance line (107.807). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The...
Buying and Selling zones are noted. #Forex #forexsignals #mcx #nifty