💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1876). 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 34.
Take Profits:
TP1= @ 1.1800
TP2= @ 1.1760
TP3= @ 1.1703
TP4= @ 1.1650
TP5= @ 1.1603
SL: Break Above R2
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USD
💡 Two buy opportunity in LTCUSD , Mid-Term & Short-TermTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (51.40).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD 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 76.
Take Profits:
TP1= @ 56.30
TP2= @ 60.00
TP3= @ 64.00
TP4= @ 68.80
TP5= @ 79.82
SL= Break below S2
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
Second Chance Trade Setup summary:
Profit targets=945% = {TP2= 10% + TP3= 25% + TP4= 46% + TP5= 67% + TP6= 106% + TP7= 134% + TP8= 189% + TP9= 368%}
Stop Loss = 36%
Reward/Risk > 26 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (50.65) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
SL= Break below 48.75
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 275%
Closed trade(s): 41% Profit
Open trade(s): 234% Profit
Trade Setup:
We opened 11 BUY trade(s) @ 43.75 based on 'previous Forecast' at 09.24.2020:
Closed Profit:
TP1 @ 50.65 touched at 10.11.2020 with 13% Profit.
TP2 @ 56.05 touched at 10.22.2020 with 28% Profit.
13% + 28% = 41%
Open Profit:
Open trade is 55.30 (current price) - 43.75 (open price) = 26%
9 trade(s) still open, therefore total profit for open trade(s) is 26% x 9 = 234%
Technical analysis:
. LTCUSD 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 69.
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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 22.15, resumption of uptrend is expected.
We make sure when the resistance at 26.00 breaks.
If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
The RSI resistance #1 at 56 is broken, so the probability of resumption of uptrend is increased.
A peak is formed in daily chart at 25.99 on 11/06/2020, so more losses to support(s) 23.05 and minimum to Major Support (22.15) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
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💡 Don't miss the great buy opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.185). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.1895
TP2= @ 1.1920
TP3= @ 1.2000
SL= Break below S2
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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 (0.9095). 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 50.
Take Profits:
TP1= @ 0.9150
TP2= @ 0.9190
TP3= @ 0.9245
SL= Break below S2
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💡Don't miss the great buy opportunity in Vechain (VETUSDT)Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.01074).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT 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= @ 0.01350
TP2= @ 0.01590
TP3= @ 0.01862
TP4= @ 0.02102
TP5= @ 0.02299
SL= Break below S2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1848.75, resumption of uptrend is expected.
We make sure when the resistance at 1975.00 breaks.
If the support at 1848.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1966.52 on 11/09/2020, so more losses minimum to Major Support (1848.75) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
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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 (1.303). 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 61.
Take Profits:
TP1= @ 1.3095
TP2= @ 1.3148
TP3= @ 1.3200
TP4= @ 1.3280
TP5= @ 1.3370
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 (0.6865). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.6800
TP2= @ 0.6775
TP3= @ 0.6740
SL: Break Above R2
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💡Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1908.8). 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.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1850.30
TP2= @ 1815.95
TP3= @ 1787.10
TP4= @ 1744.65
TP5= @ 1688.45
SL: Break Above 1935.0
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USDINR SHORTI hope you can now see how USDINR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.186). 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 40.
Take Profits:
TP1= @ 1.1780
TP2= @ 1.1745
TP3= @ 1.1695
TP4= @ 1.1623
TP5= @ 1.1540
SL: Break Above 1.192
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💡Don't miss the great buy opportunity in USDSGDMidterm forecast:
While the price is above the support 1.3400, beginning of uptrend is expected.
We make sure when the resistance at 1.3885 breaks.
If the support at 1.3400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1.3549 on 2020-09-01 and the trough at 1.3512 on 2020-10-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.3510 on 10/22/2020, so more gains to resistance(s) 1.3550, 1.3675, 1.3785 and maximum to Major Resistance (1.3885) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 35.
Take Profits:
TP1 @ 1.3550
TP2 @ 1.3675
TP3 @ 1.3785
TP4 @ 1.3885
TP5 @ 1.4270
TP6 @ 1.4635
TP7 Free
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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 (104.7). 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 75.
Take Profits:
TP1= @ 105.65
TP2= @ 106.05
TP3= @ 106.50
SL= Break below S2
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XAUUSD , weekly analysis, Nov 19 - 13Hi traders,
Gold against US Dollar weekly analysis, post election first week analysis shows a bullish view like last week also , this pair looking to go high may be till 1975 - 1980 mark this week, but first few days of the week may see a down side almost it has a chance to touch 1925-1930 price range, then it has all the chance to go up against weaker dollar in the coming days, I hope this may continue to overall November
💡 Two buy opportunity in XAUUSD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1920.0).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 1975.00
TP2= @ 2000.00
TP3= @ 2015.30
TP4= @ 2075.00
SL= Break below S2
-------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1926.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD 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 73.
Take Profits:
TP1= @ 1955.5
TP2= @ 1977.0
TP3= @ 1992.2
TP4= @ 2015.2
TP5= @ 2075.0
SL= Break below S2
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ForecastCity English Support Team ❤️