AUD/USD IS TRADING AT SUPPORT LEVELS RSI IS ALSO SHOWING BULLISH DIVERGENCE IT CAN BOUNCE BACK TO TEST 0.71100 LEVELS ONE CAN GO LONG AT CURRENT MARKET PRICE WITH STOPLOSS IF 4H CANDLE CLOSE BELOW 0.69900
Mid-Term Forecast: Trading suggestion: . There is a possibility of temporary retracement to suggested support line (16.545). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDZAR is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as...
Midterm forecast: While the price is below the resistance 25.65, continuation of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 25.65 is broken, the short-term forecast -continuation of downtrend- will be invalid. Technical analysis: The RSI support #1 at 52 is broken, so the probability of continuation of downtrend...
ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019 ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times. Also we can find a downward trend on overall chart So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish....
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (10371). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSDT 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...
INR breaking previous trendline and EMA on daily charts. Closing will be crucial.
Mid-Term Forecast: Trading suggestion: ". There is a possibility of temporary retracement to suggested support 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 range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which...
I hope you can now see how USDINR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
USDINR is looking bullish due to 2 reasons. First, a lot of tails are visible and tails are a sign of demand and we can expect the price to move higher with momentum. Second, a previous up move. During March, there was a strong rally towards 77 level and from there price is consolidating in a falling parallel channel. This structure is similar to a bull flag and...
Mid-Term Forecast: Midterm forecast: While the price is below the resistance 0.6790, beginning of downtrend is expected. We make sure when the support at 0.6585 breaks. If the resistance at 0.6790 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3245). 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. ....
Midterm forecast: While the price is above the support 1901.20, resumption of uptrend is expected. We make sure when the resistance at 2075.05 breaks. If the support at 1901.20 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The symmetrical triangle taking shape and as a continuation pattern suggests we will soon...
Third Chance Trade Setup summary: Profit targets=203% = {TP6 = 16% + TP7 = 37% + TP8 = 61% + TP9 = 89%} Stop Loss =24% Reward/Risk > 8.4 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (23.0500) again. if so, traders can set orders based on Price Action and expect to reach short-term...