ForecastCity_EU

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1095. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1135. TP4: R2=1.115. Set the stoploss of these orders at breakout of S2=1.1075. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

Midterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so...

ForecastCity_EU

Midterm forecast: While the price is above the support 7306.30, resumption of uptrend is expected. We make sure when the resistance at 10914.00 breaks. If the support at 7306.30 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 7788 on 2019-09-26 and the...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.05. TP4: R2=121.45. Set the stoploss of these orders at breakout of S2=120.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.75. TP4: R2=141.1. Set the stoploss of these orders at breakout of S2=139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD 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....

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.1. TP4: R2=140.75. Set the stoploss of these orders at breakout of S2=138.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.112. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1155. TP4: R2=1.1175. Set the stoploss of these orders at breakout of S2=1.1105. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.986. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.991. TP4: R2=0.9925. Set the stoploss of these orders at breakout of S2=0.984. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.35. As short term forecast is uptrend too, so there is an expectation to reach the following targets: TP1: R1=141.35. TP2: R2=141.7. TP3: R3=142.3. TP4: To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it...

ForecastCity_EU

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6350). 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 above the 21-Day WEMA which acts as a dynamic support....

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.114. TP4: R2=1.116. Set the stoploss of these orders at breakout of S2=1.108. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

Midterm forecast: While the price is above the support 7446.80, resumption of uptrend is expected. We make sure when the resistance at 9243.50 breaks. If the support at 7446.80 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1105. TP4: R2=1.113. Set the stoploss of these orders at breakout of S2=1.104. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=120.65. TP4: R2=120.8. Set the stoploss of these orders at breakout of S2=119.6. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.05. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=119.8. TP4: R2=120. Set the stoploss of these orders at breakout of S2=118.75. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=137.15. TP4: R2=137.85. Set the stoploss of these orders at breakout of S2=135.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

ForecastCity_EU

Midterm forecast: While the price is above the support 16.55, resumption of uptrend is expected. We make sure when the resistance at 18.75 breaks. If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 16.55 is broken. Technical analysis: The Falling Wedge taking...