Technical analysis: . STELLAR/DOLLAR 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 resistance. . The RSI is at 38. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Technical analysis: . Dash/Dollar 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 resistance. . The RSI is at 39. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. Trading suggestion: . There is a...
Hey Guys, USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts 1. reaction in the upcoming months from the similarity of historical candles 2. From the combination of support resistance...
USD INR in channels on verge of completion on iii or III so light position only
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=111.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=111.35. TP4: S2=111.25. Set the stoploss of these orders at breakout of R2=111.8. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
20190417 BUY USDCHF IN BUY AREA with STOPLOSS BELOW RED LINE 20190422 Major Resistance broken Buy in SUPPORT area Brown - SL 1.00850 TGT 1.01965
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. 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=0.664. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6675. TP4: R2=0.6705. Set the stoploss of these orders at breakout of S2=0.663. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
One can short USDINR with the target of 68.50 or near by levels. With an SL of 70.05 If it breaks the SL, then the trend is us bullish in USDINR with the upper targets of 70.20 & 70.60 levels. Currently it is at the point from where if it breached then expect either a new high or new low. Though the probability of new lows are high. So, be cautious.
USDINR is riding slowing on a bull trend with an strong support at ₹69.13, 69.001 and 68.47 Whenever it touches any of the support don't panic and wait for it to give a closing price of the day. If it below then it is still in bear trend. Otherwise, taking the (SL) of ₹69.06 with the target of 69.70 and 70.20 in coming days.
Trading suggestion: . There is a possibility of temporary retracement to resistance support line (1280.90). 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 downtrend is expected. . Price is below WEMA21, if price rises more, this line can act...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6735. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6785. TP4: R2=0.68. Set the stoploss of these orders at breakout of S2=0.6715. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Hi Guys, Rupee looks strong on the weekly chart, but it seems like it might consolidate in 68.5-70 Range for 1-2 months then it might go for the big move. It will depend on the price action in the areas I have plotted. Most probably it might go down(Because RSI Seems week for USD) because of the structure but still can't say exactly. This is not financial...
We are staying Long onn our Cable trade Brexit relaxed and USD index slowing down and US Fed is constantly denying the R word
USDINR is on Support, from here we can expect little bounce to upward direction.