Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2165). 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 below the 21-Day WEMA which acts as a...
Midterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the...
The continuation of the uptrend is what I can foresee for AUDUSD . So yes, it may be long for a looong time ;) Wishing you a happy Monday in advance
Euro against Dollar looks bearish from 6 Jan , and now it looks bullish from fibo 50 % area of 1.80 price range.. so it looks positive to finish january on 1.23 area or atleast 1.22750 area.. analysis given for education purpose only
Pound against Dollar expected to see a new high of 1.38 after may 2018, gbpusd may finish january on 1.38 area , and its been bullish throughout the month . this week it may see a retracement of 1.36 area before going high towards 1.38. analysis done based on price action .. education purpose only..
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (103.590). . 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 above the 21-Day WEMA which acts as a dynamic...
USDINR is trading under the descending triangle which is a bearish chart pattern and if it breaks the lower purple line, then we may see targets marked with the black lines. If it falls, it would Impact BankNifty positively and we may see BankNifty trading at higher levels. To motivate me, Please like the idea If you agree with the analysis. Happy...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2605). 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...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (103.7). 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 above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2745). 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...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7143). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Both USDINR and DXY have been trending downwards since March and finally USDINR has made a base at 72.7. It has already started showing strength in and is forming an upward channel. It is likely to test the upper end of the channel by end of this expiry. Target of 74.5 by end of this month. Stop loss daily close below 72.25. It can still go higher if the...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.7225). 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 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 (1.222). 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 below the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.36). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD 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 (0.8857). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7205). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...