Trading suggestion: . There is a possibility of temporary retracement to suggested support line (110.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a up trend and the Resumption of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The...
USD looking good, following major supporting trend lines. 72.10 - 72.4 can be expected going forward. 71.46 should be used as Stop.
Target of 73+. Stop being Low of C.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.665. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.6605. TP4: S2=0.6585. Set the stoploss of these orders at breakout of R2=0.6665. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=111.6. TP4: R2=112.05. Set the stoploss of these orders at breakout of S2=110.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0865. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.0825. TP4: S2=1.08. Set the stoploss of these orders at breakout of R2=1.0885. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9755. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.979. TP4: R2=0.98. Set the stoploss of these orders at breakout of S2=0.9745. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9765. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9725. TP4: S2=0.9705. Set the stoploss of these orders at breakout of R2=0.9785. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout...
Trading Strategy Plan A Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250 Plan B Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980 Plan C Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come Plan D Selling...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.6450). 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...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.296. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2905. TP4: S2=1.287. Set the stoploss of these orders at breakout of R2=1.298. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Technical analysis: . 0x/US Dollar 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. . The RSI is at 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2220 to 0.1710). if so, traders can set orders based on Price Action and...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2955. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2905. TP4: S2=1.289. Set the stoploss of these orders at breakout of R2=1.2975. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=109.25. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=109.65. TP4: R2=109.8. Set the stoploss of these orders at breakout of S2=109.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3025. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.298. TP4: S2=1.2955. Set the stoploss of these orders at breakout of R2=1.3045. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1095. TP4: R2=1.1115. Set the stoploss of these orders at breakout of S2=1.104. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...