Month: September 2018

Categories
CADJPY

CADJPY Weekly Forex Forecast 16th September to 22nd September

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CADJPY Weekly Forex Forecast 16th September to 22nd September by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 87.35 would begin in Midterm.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 83.75 on 09/06/2018, so more gains to resistance(s) 86.20, 86.75 and maximum to Major Resistance (87.35) 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 58.

Categories
AUDJPY

AUDJPY Weekly Forex Forecast 16th September to 22nd September

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AUDJPY Weekly Forex Forecast 23rd September to 29th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 78.70, beginning of uptrend is expected.
We make sure when the resistance at 80.50 breaks.
If the support at 78.70 is broken, the short-term forecast -beginning of uptrend- will be invalid.
We will close our open trades, if the Midterm level 80.50 is broken.
Technical analysis:

The RSI bounced from the resistance #1 at 50 and it prevented price from more gains.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 78.70 on 09/07/2018, so more gains maximum to Major Resistance (80.50) 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 46.

Categories
USDJPY

USDJPY Weekly Forex Forecast 22nd September To 29th September

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USDJPY Weekly Forex Forecast 22nd September To 29th September by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 109.90 would begin in Midterm.
We will close our open trades, if the Midterm level 109.90 is broken.
Technical analysis:

The RSI bounced from the resistance #1 at 74 and it prevented price from more gains.
The RSI resistance #2 at 58 is broken, so the probability of resumption of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 63.

Categories
USDCHF

USDCHF Weekly Forex Forecast 22nd September To 29th September

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USDCHF Weekly Forex Forecast 22nd September To 29th September by yshashmi37 on TradingView.com

Midterm forecast:

0.9790 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 0.9790 is broken.
Technical analysis:

The RSI bounced from the support #1 at 26 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.9700 on 09/19/2018, so more losses to support(s) 0.9520, 0.9440, 0.9355 and more depths 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 33.

Categories
USDCAD

USDCAD Weekly Forex Forecast 22nd September To 29th September

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USDCAD Weekly Forex Forecast 22nd September To 29th September by yshashmi37 on TradingView.com

Midterm forecast: 

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm. 
Technical analysis: 

The RSI bounced from the resistance #1 at 61 and it prevented price from more gains. 
While the RSI uptrend #2 is not broken, bullish wave in price would continue. 
A peak is formed in daily chart at 1.3225 on 09/06/2018, so more losses minimum to Major Support (1.2885) 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 39.

Categories
NZDCAD

NZDCAD Weekly Forex Forecast 23nd September To 28th September

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NZDCAD Weekly Forex Forecast 23nd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 0.8735, resumption of downtrend is expected.
We make sure when the support at 0.8495 breaks.
If the resistance at 0.8735 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 0.8735 is broken.
Technical analysis:

The RSI resistance #1 at 45 is broken, so the probability of resumption of downtrend is decreased.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 50.

Categories
GBPUSD

GBPUSD Weekly Forex Forecast 22nd September To 29th September

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GBPUSD Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.2660, beginning of uptrend is expected.
We make sure when the resistance at 1.3315 breaks.
If the support at 1.2660 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

While the RSI support #1 at 46 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1.3300 on 09/20/2018, so more losses to support(s) 1.3045, 1.2955, 1.2775 and minimum to Major Support (1.2660) 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 53.

Categories
GBPNZD

GBPNZD Weekly Forex Forecast 23rd September To 28th September

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GBPNZD Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
Technical analysis:

Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 46.

Categories
GBPJPY

GBPJPY Weekly Forex Forecast 23rd September To 28th September

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GBPJPY Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 145.25 would begin in Midterm.
Technical analysis:

The RSI bounced from the resistance #1 at 68 and it prevented price from more gains.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 59.

Categories
GBPCHF

GBPCHF Weekly Forex Forecast 23rd September To 28th September

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GBPCHF Weekly Forex Forecast 23rd September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

1.2745 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.2745 is broken.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 39.