As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=104.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=105.75. TP4: R2=106.05. Set the stoploss of these orders at breakout of S2=103.7. 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=103.15. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=101.55. TP4: S2=101. Set the stoploss of these orders at breakout of R2=103.45. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Hello traders Here is analysis of USDJPY As we can see that the current price is at the support level but it did break it so there is a high chances of the trade going down One can take a sell call by keping a tp of 106.600
Wassup up traders!!!! hope you people are making some money. Here is our analysis for USDJPY. All the blue lines indicate support and resistence zone. The black lines indicate the next movement accourding to our analysis. One can take a buy call and set tp at 109.100 or one can wait and take a sell call with tp of 106.500
Usd/jpy pair is in a down trend from some time and it has broken the neck line of the previous trend reversals. Most likely it will touch the support zone which is at 106.700 in the future.
So, Its a long for USDJPY if it sustains above the price zone or if the price cuts down the zone then the pair can be took for short.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (110.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a up trend and the Resumption of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The...
A very strong resistance had been hit now and price channel is also been respected many times. so it is my personal view that the price will go down. Any ideas are welcome to share.
Maruti pays royalties and other payments in YEN. As the yen weakens more against the USD than the INR they will have to pay less to the parent company. Watch this space and the maruti stock to see the added benefits. This along with a favourable scrappage policy could be great news for the Maruti stock.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=111.6. TP4: R2=112.05. Set the stoploss of these orders at breakout of S2=110.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
In 1D chart, the price is forming a rising wedge pattern. Moving down to 4H chart, the price inside the wedge found a support level. Pinbar is formed indicating the confirmation for long order.