Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.904). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 0.9095
TP2= @ 0.9182
TP3= @ 0.9240
TP4= @ 0.9360
TP5= @ 0.9543
SL= Break below S2
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USD
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 29.85, beginning of downtrend is expected.
. We make sure when the support at 19.65 breaks.
. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
T echnical analysis:
. The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
. While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 26.00 on 08/21/2020, so more gains to resistance(s) 28.35 and maximum to Major Resistance (29.85) 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 60.
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ZECUSD Second Chance: Profit=765% SL=70% Reward/Risk > 11:1Second Chance Trade Setup summary:
Profit targets=765% = {TP3= 35% + TP4= 61% + TP5= 79% + TP6= 104% + TP7= 127% + TP8= 144% + TP9= 215%}
Stop Loss =70%
Reward/Risk > 11: 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (71.35) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 96.60 (New)
TP4= @ 115.25
TP5= @ 127.65 (New)
TP6= @ 146.00 (New)
TP7= @ 162.00 (New)
TP8= @ 174.30 (New)
TP9= @ 225.40 (New)
SL= Break below 64.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 136%
Closed trade(s): 85% Profit
Open trade(s): 51% Profit
Trade Setup:
We opened 3 BUY trade(s) @ 48.84 based on 'previous Forecast' at 2020.06.15 :
Closed Profit:
TP1 @ 64.00 touched at 2020.07.13 with 31% Profit.
TP2 @ 75.60 touched at 2020.07.31 with 54% Profit.
31% + 54% = 85%
Open Profit:
Open trade is 74.15(current price) - 48.84 (open price) = 51%
1 trade(s) still open, therefore total profit for open trade(s) is 51% x 1 = 51%
Technical analysis:
. ZECUSD 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 46.
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QTUMUSD Second Chance: Profit=384% SL=64% Reward/Risk > 6:1Second Chance Trade Setup Summary:
Profit targets => 384% = { TP5= 42% + TP6= 72% + TP7= 108% + TP8= 162%}
Stop Loss =64%
Reward/Risk > 6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (3.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 5.00
TP6= @ 6.02 New
TP7= @ 7.30 New
TP8= @ 9.20 New
SL= Break below 3.00
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 346%
Closed trade(s): 346% Profit
Open trade(s): 0% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.97 based on 'previous Forecast' at 2020.07.28 :
Closed Profit:
TP1 @ 2.35 touched at 2020.07.29 with 19% Profit.
TP2 @ 2.70 touched at 2020.08.01 with 37% Profit.
TP3 @ 3.00 touched at 2020.08.10 with 52% Profit.
TP4 @ 3.65 touched at 2020.08.17 with 85% Profit.
TP5 @ 5.00 touched at 2020.08.21 with 153% Profit.
19% + 37% + 52% + 85% + 153% = 346%
Technical analysis:
. QTUMUSD is in an 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 62.
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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 (106.05). 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 65.
Take Profits:
TP1= @ 106.65
TP2= @ 107.05
TP3= @ 107.70
TP4= @ 108.15
TP5= @ 109.85
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 (0.9075). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 0.9140
TP2= @ 0.9160
TP3= @ 0.9195
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 (1.1828). 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 44.
Take Profits:
TP1= @ 1.1784
TP2= @ 1.1755
TP3= @ 1.1722
TP4= @ 1.1700
TP5= @ 1.1654
SL: Break Above R2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1818.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 2014.90 on 08/18/2020, so more losses to support(s) 1916.20, 1862.45 and minimum to Major Support (1818.00) 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 51.
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NEOUSD Second Chance: Profit=76% SL=21% Reward/Risk > 3.6:1 Second Chance Trade Setup summary:
Profit targets => 76% = {( TP4 (20.61120) = 27% + TP5 (24.30101) = 49%)}
Stop Loss => 21% (14.50133)
Reward/Risk > 3.6 : 1
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support lines ( 15.55 & 16.87258 ) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP4= @ 20.61120
TP5= @ 24.30101
SL= Break below 14.50133
--------------------------------------------------------------------------------------------------
First Buy Current Status:
Total Profit: 297%
Closed trade(s): 145% Profit
Open trade(s): 152% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 9.86354 based on 'previous Forecast' at 2020.07.09 :
Closed Profit:
TP1 @ 12.55810 touched at 2020.07.28 with 27% Profit.
TP2 @ 14.50133 touched at 2020.08.10 with 47% Profit.
TP3 @ 16.87258 touched at 2020.08.17 with 71% Profit.
27% + 47% + 71% = 145%
Open Profit:
Open trade is 17.37354 (current price) - 9.86354 (open price) = 76%
2 trade(s) still open, therefore total profit for open trade(s) is 76% x 2 = 152%
Technical analysis:
. NEOUSD is in an 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 70.
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Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.367). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 1.3786
TP2= @ 1.3916
TP3= @ 1.4087
TP4= @ 1.4260
TP5= @ 1.4547
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 (0.906). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 0.9147
TP2= @ 0.9185
TP3= @ 0.9240
TP4= @ 0.9310
TP5= @ 0.9375
SL= Break below S3
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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 (0.7225). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.7170
TP2= @ 0.7135
TP3= @ 0.7110
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 (0.9055). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 0.9155
TP2= @ 0.9195
TP3= @ 0.9250
TP4= @ 0.9375
TP5= @ 0.9465
SL= Break below S3
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Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.32). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 1.3255
TP2= @ 1.3290
TP3= @ 1.3320
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 (0.654). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.6600
TP2= @ 0.6625
TP3= @ 0.6690
SL= Break below S2
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SILVER Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 29.85, beginning of downtrend is expected.
We make sure when the support at 19.65 breaks.
If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 23.39 on 08/11/2020, so more gains to resistance(s) 27.00, 28.35 and maximum to Major Resistance (29.85) 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 59.
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ETHUSD Update: Profit=22850 SL=7050 Reward/Risk > 3.2:1 Trade Setup summary:
Profit targets=22850 pip (3270 + 6970 + 12610)
Stop Loss =7050 pip
Reward/Risk > 3.2: 1
Current Status:
Total Profit: 42250 pip
Closed trade(s): 13150 pip Profit
Open trade(s): 29100 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 339.00 based on 'previous Forecast' at 2020.08.02 :
Closed Profit:
TP1 @ 393.00 touched at 2020.08.03 with 5400 pip Profit.
TP2 @ 416.50 touched at 2020.08.13 with 7750 pip Profit.
5400 + 7750 = 13150
Open Profit:
Profit for one trade is 436.00(current price) - 339.00(open price) = 9700 pip
3 trade(s) still open, therefore total profit for open trade(s) is 9700 x 3 = 29100 pip
Technical analysis:
. ETHUSD 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.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (416.50) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL= Break below 393.00
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TRXUSD Update: Profit=4230 SL=760 Reward/Risk > 5.5:1 Trade Setup summary:
Profit targets=4230 pip (420 + 710 + 1330 + 1770)
Stop Loss =760 pip
Reward/Risk > 5.5: 1
Current Status:
Total Profit: 2415 pip
Closed trade(s): 1280 pip Profit
Open trade(s): 1135 pip Profit
Trade Setup:
We opened 3 BUY trade(s) @ 0.01400 based on 'previous Forecast' at 2020.05.10 :
Closed Profit:
TP1 @ 0.01830 touched at 2020.06.08 with 430 pip Profit.
TP2 @ 0.02250 touched at 2020.08.13 with 850 pip Profit.
430 + 850 = 1280
Open Profit:
Profit for one trade is 0.02535(current price) - 0.01400(open price) = 1135 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1135 x 1 = 1135 pip
Technical analysis:
. TRXUSD is in an 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 45.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.02250) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP3= @ 0.02670
TP4= @ 0.02960 (New)
TP5= @ 0.03580 (New)
TP6= @ 0.04020 (New)
SL= Break below 0.02060
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