💡Don't miss the great buy opportunity in QTUMUSD @qtum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.38).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QTUMUSD 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 52.
Take Profits:
TP1= @ 26.45
TP2= @ 28.51
TP3= @ 30.28
TP4= @ 32.73
TP5= @ 35.58
TP6= @40.00
SL= Break below S2
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USD
💡Don't miss the great buy opportunity in DOGEUSD @dogecoin
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.45883).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. DOGEUSD 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.
. The RSI is at 49.
Take Profits:
TP1= @ 0.5310
TP2= @ 0.5991
TP3= @ 0.6499
TP4= @ 0.6990
TP5= @ 0.7412
SL= Break below S2
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💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 64.
Take Profits:
TP1 @ 25.75
TP2 @ 26.60
TP3 @ 28.30
TP4 @ 29.85
TP5 @ 33.45
TP6 @ 37.50
TP7 @ 44.20
TP8 @ 49.80
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💡Don't miss the great sell opportunity in EURUSD
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2040).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 38.
Take Profits:
TP1= @ 1.1995
TP2= @ 1.1945
TP3= @ 1.1875
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDUSD
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.7167).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.7114
TP2= @ 0.7090
TP3= @ 0.7055
TP4= @ 0.7026
TP5= @ 0.7003
SL: Break Above R2
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💡GOLD (XAUUSD) - Weekly Technical Analysis Update
Midterm forecast:
While the price is above the support 1744.50, resumption of uptrend is expected.
We make sure when the resistance at 1797.55 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1744.50 is broken.
Technical analysis:
There is a divergence in RSI and price between the trough at 1676.7 on 2021-03-08 and the trough at 1677.8 on 2021-03-31, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
A peak is formed in daily chart at 1797.55 on 04/21/2021, so more losses to support(s) 1762.55 and minimum to Major Support (1744.50) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 53.
Take Profits:
1762.55
1828.25
1875.15
1959.30
2075. 05
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💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (8.24484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 8.31443
TP2= @ 8.36158
TP3= @ 8.39922
TP4= @ 8.44257
TP5= @ 8.48527
TP6= @ 8.60000
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️