Month: September 2018

Categories
AUDCAD

AUDCAD Weekly Forex Forecast 23rd September To 28th September

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘HIZeLm1E’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

0.9555 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 0.9555 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 47.

Categories
EURCAD

EURCAD Weekly Forex Forecast 23rd September To 28th September

 

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘EYQspPR7’;
new TradingView.chart(tradingview_embed_options);

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

Midterm forecast:

While the price is above the support 1.4800, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4800 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The descending flag taking shape suggests we will soon see another leg lower.
There is a divergence in RSI and price between the trough at 1.49165 on 2018-05-30 and the trough at 1.47985 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI bounced from the support #1 at 47 and it prevented price from more losses.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 52.

Categories
NZDUSD

NZDUSD Weekly Forex Forecast 24th September To 28th September

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘KL9AgIRX’;
new TradingView.chart(tradingview_embed_options);

NZDUSD Weekly Forex Forecast 24th 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 a downtrend wave below 0.6720 would begin in Midterm.
We will close our open trades, if the Midterm level 0.6720 is broken.
Technical analysis:

There is a divergence in RSI and price between the trough at 0.6544 on 2018-08-15 and the trough at 0.65005 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.6500 on 09/11/2018, so more gains maximum to Major Resistance (0.6720) 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 59.

Categories
EURNZD

EURNZD Weekly Forecast 24th September To 28th September

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘mGNUwxRZ’;
new TradingView.chart(tradingview_embed_options);

EURNZD Weekly Forecast 24th September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 51.

Categories
EURUSD

EURUSD Weekly Forecast 24th September To 28th September

var tradingview_embed_options = {};
tradingview_embed_options.width = ‘640’;
tradingview_embed_options.height = ‘400’;
tradingview_embed_options.chart = ‘EHc94mBJ’;
new TradingView.chart(tradingview_embed_options);

EURUSD Weekly Forecast 24th September To 28th September by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 1.1300, beginning of uptrend is expected.
We make sure when the resistance at 1.1840 breaks.
If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 46 is not broken, the probability of price decrease would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 60.