💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.02436).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.02582
TP2= @ 0.02659
TP3= @ 0.02722
TP4= @ 0.02867
TP5= @ 0.02987
SL= Break below S2
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USD (US Dollar)
💡Don't miss the great buy opportunity in MATICUSD @0xPolygonTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0527).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MATICUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 1.1798
TP2= @ 1.2441
TP3= @ 1.3110
TP4= @ 1.3658
TP5= @ 1.4458
SL= Break below S2
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💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.4673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.5077
TP2= @ 0.5289
TP3= @ 0.5495
TP4= @ 0.5872
TP5= @ 0.6148
SL= Break below S2
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💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.38).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 7.77
TP2= @ 8.17
TP3= @ 8.74
TP4= @ 9.57
TP5= @ 10.08
SL= Break below S2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (337.9).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 358.5
TP2= @ 376.8
TP3= @ 403.1
TP4= @ 426.1
TP5= @ 458.3
SL= Break below S2
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💡Don't miss the great buy opportunity in FILUSD @protocollabsTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (5.70).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. FILUSD 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 support.
. The RSI is at 69.
Take Profits:
TP1= @ 6.26
TP2= @ 6.48
TP3= @ 6.67
TP4= @ 6.98
TP5= @ 7.71
SL= Break below S2
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EURUSD, 1D BEARISH FORECASTDespite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep.
Consider below reasons for selling market.
1. EURUSD is now trading below 50% and 61.8 fib ret.
This is clear indication that EUR could continue trading low against Cable.
2. Another reason is that our harmonic or XABCD pattern have came with a bat pattern, which shows that the CD leg has already been completed, and the Bearish movement has taken place according to the current market price.
3. I've noticed that the price has started with raising trendline or channel from the price level of 0.95455 which matced exactly to the 100% of the 31 may high.
And the last highest traded price matched with our last part of our bat pattern leg that's D and that's exactly the resistance of the raising trendline/channel.
4. The European Central Bank (ECB) has came dovish after their interest rate decision, and the Lagarde hints more economical pains till end of the year.
With the above reasons I believe EURUSD will reach atleast 0.98088, which is retest level of broken descending trendline respected since 08/Jun/22, it also matches our 78.6 ret level, and the testing area of raising trendline/channel.
It means price has to reset raising trendline/channel atleast before going back high to 61.8 ret level.
Find confirmation using lower timeframe.
💡Don't miss the great buy opportunity in MANAUSD @decentralandTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6567).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. MANAUSDT 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 support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.7550
TP2= @ 0.8320
TP3= @ 0.9580
TP4= @ 1.1290
TP5= @ 1.3204
SL= Break below S2
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Bear Trap in USDINRLast day bear trap is formed in USDINR, it simply means that it will be bullish for coming few days and can go up to at least high of double top i.e.,83.10 (might break that also).
Let us decode the sentiments during this candle formation,
On 26th when this big bearish candle gives closing below last swing low, people would have shorted it taking double top in consideration (putting SL above that breakout candle), now after last day big bullish candle there will be some fear among people having short position as it moved close to their SL. Once it move above 26th bearish candle a small rally on upside may come as the SL of all the short position will get hit.
💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5575).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.5627
TP2= @ 0.5673
TP3= @ 0.5727
TP4= @ 0.5764
TP5= @ 0.5805
SL= Break below S2
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Dollar Index will probably move down from this levelDollar Index reached an important level. Low probability of a good up move from here. Thus it looks like this is time for USD to probably pause for a few months as compared to other currencies. Upside first target complete in weekly chart.
----
The index is currently calculated by factoring in the exchange rates of six foreign currencies, which include the euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).
Red more : www.investopedia.com
Against the TradeIn gold/usd we can go both short for scalping and long for swing trade.
The trade is quite risky as we are going to trade for a reversal. Their is good buying momentum broom bottom so this can be good place to buy on green line (after a retrecement from rejection levels I.e red line ).
DXY CONSOLIDATION PATTERNDollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index.
As per my view we will be going higher towards 120-128 levels in short term .
USDINR Oct ViewHey Folks !
USDINR Correction did a pennant breakout instead of the Breakdown as expected in earlier post...
So, we will trade what we see in market instead of what we expect...
Now for a longer term the trend has turned bullish with a Resistance Breakout and EMA Positive Cross Over (PCO)
If you see in the above chart, we have seen similar pattern previously and
after this pennant / flag Breakout gave two targets - 1. Flag length and 2. Pole length
So, now presently, also we have same pattern breakout...
Let's bet safe and trade Bull Put Spreads for next month...
Plan Your Trade ! and Trade Your Plan !
Happy Learning !
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (144.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT 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 support.
. The RSI is at 61.
Take Profits:
TP1= @ 148.8
TP2= @ 153.3
TP3= @ 157.1
TP4= @ 161.3
TP5= @ 164.0
SL= Break below S2
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US Dollar Index - are we ready for new all time high ?US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation level of 111.9040, One can go long in dip of wave 2, or can go long on breakout above wave 1's high, in both scenarios stop loss could be same as invalidation level 111.9040, which is nothing but low of wave 1, because as per waves principle wave 2 will never retraces 100% of wave 1.In 1 hour time frame RK's Mass psychological cloud is suggesting to go long only, Because it's above cloud, so don't go short.
possible wave counts on 1 hourly chart
possible wave counts on 4 hourly chart
possible wave counts on Daily chart
RK's Mass Psychological cloud in 4 hour
RK's Mass Psychological cloud in 1 hour
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
💡Don't miss the great buy opportunity in CAKEUSD @PancakeSwapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (4.606).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CAKEUSD 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 support.
. The RSI is at 65.
Take Profits:
TP1= @ 4.822
TP2= @ 5.076
TP3= @ 5.549
TP4= @ 6.235
TP5= @ 7.138
SL= Break below S2
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💡Don't miss the great buy opportunity in QNTUSD @quant_networkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (74.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QNTUSD 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 support.
. The RSI is at 68.
Take Profits:
TP1= @ 91.1
TP2= @ 107.9
TP3= @ 127.9
TP4= @ 154.5
TP5= @ 174.3
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️