💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.33410).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD 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 68.
Take Profits:
TP1= @ 1.33890
TP2= @ 1.34390
TP3= @ 1.35010
TP4= @ 1.35500
TP5= @ 1.36170
SL= Break below S2
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USD
USD INR - INR to enter into Stronger Regime with volatilityDated 04/02/2021
17.48 hours
PERCEPTION INR TO GET INTO STRONGER REGIME
USD INR has good support at 73-72.63.
The level of 73 it has held well since September 20.
Resistance is at 73.30.
The chart is is making lower tops since November 20.
Overall the major peak for USD INR has been in
March 20 when equities world over crashed.
The peak in March 20 was formed at 77.416.
Most the time price were around 76.38.
All the above formation is for Wave (d) and spike for
Wave (e)
Long Term
Price Analysis
year 2008
A long term (a),(b) and (c) structure is visible.
Wave (c), unfolded
in a,c,d,e
Wave d appears to be end now at or around
73-72.65.
A breakout above 73.30 can set a rise to for Wave e
to be around 74.528 to end Wave (c).
If that happen then expect USD INR for deeper correction
which will mean a strong INR regime.
If current support of 73-72.65 is violated with
acceleration on downside then expect 23.6%
retracement 68.40.
In that case Wave (c) ended at peak 77.416.
Weaker INR regime may not be long last one now.
The time is for stronger INR regime in time to come
over few years.
One spike of weakness for INR can be seen before
a strong INR begin to unfold.
USD trending toward 92USD Index trending towards 92 bouncing off Downward Trending Channel Support Line.
Looking at Fundamentals however, the performance of the USD Index is surprising. Global stocks, crude oil and other risky assets are all bullish, and the latest moves on additional stimulus from US Democrats are all factors that should cause a weakening on the US Dollar.
Perhaps, the stellar ISM Manufacturing Index data and weakness in the Euro, Pound and other currencies that are paired with the greenback may have a hand in the bullishness of the DXY
💡Don't miss the great sell opportunity in GBPUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3715).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD 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 43.
Take Profits:
TP1= @ 1.3600
TP2= @ 1.3530
TP3= @ 1.3465
TP4= @ 1.3350
TP5= @ 1.3215
TP6= @ 1.3080
SL: Break Above R2
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💡Don't miss the great sell opportunity in AUDUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.76060).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDUSD 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 37.
Take Profits:
TP1= @ 0.75630
TP2= @ 0.75440
TP3= @ 0.75170
TP4= @ 0.74830
TP5= @ 0.74500
TP6= @ 0.74040
SL: Break Above R2
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💡 Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.892). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF 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 70.
Take Profits:
TP1= @ 0.8965
TP2= @ 0.8985
TP3= @ 0.9000
SL= Break below S2
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XAUUSD, looking to go down on the first week of Feb..Gold against Dollar has made a fair recovery from the price level of 1804 after a Second week downfall on January 2021, still the short term resistance at 1870 may push the price down to 1815 or 1805 area this week , and it has a good chance of bounce back from the support zone 1810 to reach where it started on the first day of the week. ....
Analysis only for education purpose..
💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY 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 50.
Take Profits:
TP1= @ 104.45
TP2= @ 104.70
TP3= @ 105.00
SL= Break below S2
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💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7668). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.7592
TP2= @ 0.7525
TP3= @ 0.7450
TP4= @ 0.7370
TP5= @ 0.7315
SL: Break Above R2
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💡 Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.273). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 70.
Take Profits:
TP1= @ 1.2835
TP2= @ 1.2930
TP3= @ 1.2988
TP4= @ 1.3080
TP5= @ 1.3170
SL= Break below S2
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💡 Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.719). 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 dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 0.7140
TP2= @ 0.7120
TP3= @ 0.7100
SL: Break Above R2
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (103.67). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY 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 62.
Take Profits:
TP1= @ 104.15
TP2= @ 104.40
TP3= @ 104.75
TP4= @ 105.10
TP5= @ 105.67
TP6= @ 106.10
SL= Break below S2
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💡 Don't miss the great buy opportunity in AUDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.77). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD 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 66.
Take Profits:
TP1= @ 0.7780
TP2= @ 0.7820
TP3= @ 0.7850
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.72184).
. 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.72700
TP2= @ 0.73122
TP3= @ 0.73698
TP4= @ 0.74103
TP5= @ 0.74642
SL= Break below S2
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💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2165). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.2115
TP2= @ 1.2100
TP3= @ 1.2055
SL: Break Above R2
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GBPUSD, Can January end see a new high at 1.38?Pound against Dollar expected to see a new high of 1.38 after may 2018, gbpusd may finish january on 1.38 area , and its been bullish throughout the month . this week it may see a retracement of 1.36 area before going high towards 1.38.
analysis done based on price action .. education purpose only..
💡Don't miss the great buy opportunity in USDJPYTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (103.590).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY 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 41.
Take Profits:
TP1= @ 104.090
TP2= @ 104.400
TP3= @ 104.760
TP4= @ 105.080
TP5= @ 105.580
TP6= @ 106.080
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2605). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 53.
Take Profits:
TP1= @ 1.2660
TP2= @ 1.2690
TP3= @ 1.2715
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (103.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY 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 50.
Take Profits:
TP1= @ 104.10
TP2= @ 104.40
TP3= @ 105.00
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2745). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD 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 55.
Take Profits:
TP1= @ 1.2800
TP2= @ 1.2835
TP3= @ 1.2875
SL= Break below S2
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💡 Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7143). 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 dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.7085
TP2= @ 0.7003
TP3= @ 0.6928
TP4= @ 0.6875
TP5= @ 0.6788
SL: Break Above R2
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ForecastCity English Support Team ❤️