Midterm forecast: While the price is above the support 1.3400, beginning of uptrend is expected. We make sure when the resistance at 1.3885 breaks. If the support at 1.3400 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 1.3549 on 2020-09-01 and the...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (104.7). 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. ....
we can go for short now or second confirmation of base line breakout
Hi traders, Gold against US Dollar weekly analysis, post election first week analysis shows a bullish view like last week also , this pair looking to go high may be till 1975 - 1980 mark this week, but first few days of the week may see a down side almost it has a chance to touch 1925-1930 price range, then it has all the chance to go up against weaker dollar in...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1920.0). . 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 uptrend is expected. . The price is above the 21-Day WEMA which acts...
Here, AC and CE are 0.52 . BD is 1.27 . By using ABCD & Three Drives Pattern, USD/INR will test 79 levels in the 2021 year. Afterward, its trend will change. We may see 75 levels as a correction. Short-term investors can buy here for 74.4 - 76 - 78+ levels. ABCD Pattern shows that the C point is a stepping stool towards the level of 79.44 (...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (13601.0). . 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Usdinr Currently at overbought zone on the daily time frame. price is in a downtrend parallel channel and can continue till 72.20 or it can happen if it crosses recent high 74.50 after giving a small pullback to 73.53. price 73.53 is a crucial level to change the direction of either side but most probably 72.20 can be achieved by the end of December 2020.
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1790.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 57 is not broken, the probability of price increase...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (63.65). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . DASHUSD 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...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (104.20). . 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...
The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%. Let's watch for the Terminal Bar near the PRZ area to execute the trade.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9115). 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 a possibility of temporary retracement to suggested support line (1.3255). 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 above the 21-Day WEMA which acts as a dynamic support. ....
short after breakdown head and shoulder pattern in 30 minute tf.
a. Zone: Strong Bear b. Resistance 1: 74.20 c. Resistance 2: 74.32 d. Support 1: 73.68 e. Support 2: 73.60 OANDA:USDINR