Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6322). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Flag Pattern going to over at 75.2 or 74.8 First target if reversal 73.717 and second if stay below it 72.534
Hello traders Here is analysis of USDJPY As we can see that the current price is at the support level but it did break it so there is a high chances of the trade going down One can take a sell call by keping a tp of 106.600
Hello traders, hope you are having a pipfull week. So here is our analysis on USDCAD. As we can see that the pair is moving in the channel and consolidating fo a period of time now, so its good to wait for the pair to break from the channel. Its currently at the support zone and will fall a bit till the support of the current channel. it will be interesting...
Hi everyone. Here is our analysis for USDCHF As we can see that after hitting the resistence the price has started falling and is now close to its trendline support. f it breaks the trendline support one can take a sell call.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6585. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6645. TP4: R2=0.6675. Set the stoploss of these orders at breakout of S2=0.6565. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Look to add USDINR spot upto 71.90 for a move towards 73.40 and 75 Coronavirus and Slow growth can hurt flows in India which is a current account deficit country
Wassup up traders!!!! hope you people are making some money. Here is our analysis for USDJPY. All the blue lines indicate support and resistence zone. The black lines indicate the next movement accourding to our analysis. One can take a buy call and set tp at 109.100 or one can wait and take a sell call with tp of 106.500
Hello Traders, So here is an analysis of GBPUSD As we can see that in 4h its on sell trend but there would be a small buy that might come. As you can see that at level 1.3000 it hit the trendline resistence and started falling.but after hitting the support line on 1.27955 it went a bit high, so considering this it wil go a bit up and then continue falling again...
If you see daily charts of USD INR you can see a breakout happening from the narrow range of ~70-72 after months of accumulation. Now it's ready for range expansion. Monthly charts are giving clear indication that price will touch the upper range of the channel in coming months/years. Can look for long trades.
While all are busy with Nifty and stocks we must not ignore that the USDINR has registered a breakout from a 6 months symmetrical triangle. The RSI is well placed into bullish zones with the pattern target placed at 74. However a break below 71.55 will render the pair into consolidation again.
The Flag pattern as seen is generally considered to be a continuation trend. So a Buy will only be triggered post breakout of the trendline.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.327. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.331. TP4: R2=1.333. Set the stoploss of these orders at breakout of S2=1.326. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...