After the long correction on USDCHF for a week, now is the best time to go for long also has the chances to reach at 0.95700 & to make some decent profits for this month.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.092950).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Here's the U.S. Dollar Index 4hr chart. It's all over a downtrend, and it's moving between the resistance and the support lines. It will fall to reach 90.10 by crossing 90.20 - 90.13 . After that, if the trend crosse 90.10 , then it will hit 87.50 .
But if the trend takes reversal by breaking the resistance, then it will reach the following levels 90.79 - 91.39 .
Hello.
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
TVC:DXY
is currently in a confirmed downtrend.
Historically, there is a strong positive correlation between the US Dollar Index and the US...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4162). 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....
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6075). 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...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4040). 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....
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6373). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in aptrend and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.576.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.586.
TP4: R2=0.592.
Set the stoploss of these orders at breakout of S2=0.5735.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6322). 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6585.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6645.
TP4: R2=0.6675.
Set the stoploss of these orders at breakout of S2=0.6565.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.665.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.6605.
TP4: S2=0.6585.
Set the stoploss of these orders at breakout of R2=0.6665.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6450). 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...
