As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.6.
TP4: R2=120.
Set the stoploss of these orders at breakout of S2=118.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
If we break above current week high in next week... then with in very short time we may see levels near 74. if all things are good then we downside is limited to 69.
Disclaimer: I am not a SEBI certified analyst. Please trade as per your risk apatite.
EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back....
The British pound is holding onto recent gains against the greenback as traders await the Bank of England monetary policy decision later today. Further bullish advancement above the 1.2530 level should provoke a test of the 1.2600 level. A loss of the 1.2425 support region is likely to see the GBPUSD suffering a deeper pullback towards the 1.2385 level.
The...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=134.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=135.7.
TP4: R2=136.4.
Set the stoploss of these orders at breakout of S2=134.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
AS MENTIONED IN THE PREVIOUS POSTS, THE 15M & HOUR CHART TARGETS ACHIEVED.
AT PRESENT, THE CHART HAS A TENDENCY TO GO UP TO 71.35 FROM THE PRESENT LEVEL.
PLACE STOP LOSS AT YOUR COMFORT LEVEL.
The euro has slipped back towards the 1.1000 level against the US dollar after the pair failed to secure buying interest above the 1.1090 level on Monday. The downside for EURUSD pair can open-up below the 1.1000 level, although further gains towards the 1.1160 level appear more likely this week. Overall, EURUSD bulls need to reclaim the 1.1050 level to encourage...
There is a formation of the downward wedge in a weekly time frame chart and the pair is poised to breach major resistance 89. It will achieve the first target 91 provided the pair gives closing above the aforementioned resistance. Moreover, the bulls will force the pair to hit the second target 94.
On the contrary, it could run out of steam and might get first...
There has been a formation of a downward wedge pattern in a daily time frame chart. This pattern is supported by major support 0.88260 ahead and hence, there is a highly likely chance of a breakout in subsequent trading sessions. Therefore, the pair will hit 1st target 0.90532
As rsi is out side bands... Likely to get into bands... So can expect upside till 71.5.. On the other side currency war clam down may take it 70 levels..
Disclaimer : I am not certified analyst
The pair has formed an inverted head and shoulder patttern on daily basis. The prices are at the bottom of the second shoulder and is supported by 21 days EMA. Buy the pair as soon as the prices sustain above the necline at 1.93541 i.e. a daily closing above this level. The price may hover between the height of the second shoulder which is a good sign before a...
Hi Friends,
AUDUSD trading near to the channel support, As per wave analysis B wave is going to complete. I am looking for wave C upside with target of 0.6835.
ENTRY & EXIT SIGNALS
LONG @ 0.6710 -- SL -- 0.6650 -- TP @ 0.6835
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