Month: October 2018

Categories
EURAUD

EURAUD Weekly Forex Forecast 1st October to 6th October

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EURAUD Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 1.6355, beginning of downtrend is expected.
We make sure when the support at 1.6040 breaks.
If the resistance at 1.6355 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

The RSI uptrend #1 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 48.

Categories
CHFJPY

CHFJPY Weekly Forex Forecast 1st October to 6th October

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CHFJPY Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

114.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

While the RSI uptrend #1 is not broken, bullish 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 55.

Categories
CADCHF

CADCHF Weekly Forex Forecast 1st October to 6th October

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CADCHF Weekly Forex Forecast 1st October to 6th October 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 0.7530 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning 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 66.

Categories
AUDUSD

AUDUSD Weekly Forex Forecast 30 September to 6th October

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AUDUSD Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.7085, beginning of uptrend is expected.
We make sure when the resistance at 0.7320 breaks.
If the support at 0.7085 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 0.7305 on 09/21/2018, so more losses to support(s) 0.7160 and minimum to Major Support (0.7085) 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 47.

Categories
AUDNZD

AUDNZD Weekly Forex Forecast 1st October to 6th October

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AUDNZD Weekly Forex Forecast 1st October to 6th October 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 1.1140 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
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
AUDJPY

AUDJPY Weekly Forex Forecast 30 September to 6th October

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AUDJPY Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 78.65, beginning of uptrend is expected.
We make sure when the resistance at 83.90 breaks.
If the support at 78.65 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 80.495 on 2018-03-23 and the trough at 78.68 on 2018-09-07, 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 50 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 61

Categories
EURJPY

EURJPY Weekly Forex Forecast 30 September to 6th October

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EURJPY Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

129.95 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 68 and it prevented price from more gains.
A peak is formed in daily chart at 133.10 on 09/21/2018, so more losses to support(s) 131.65 and minimum to Major Support (129.95) 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 60.

Categories
GBPJPY

GBPJPY Weekly Forex Forecast 1st October to 6th October

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GBPJPY Weekly Forex Forecast 1st October to 6th October 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 61.

Categories
USDJPY

USDJPY Weekly Forex Forecast 30 September to 6th October

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USDJPY Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

111.65 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 111.65 is broken.
Technical analysis:

While the RSI support #1 at 43 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 70.

Categories
AUDCHF

AUDCHF Weekly Forex Forecast 1st October to 6th October

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AUDCHF Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 0.6805, beginning of uptrend is expected.
We make sure when the resistance at 0.7145 breaks.
If the support at 0.6805 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI bounced from the support #1 at 25 and it prevented price from more losses.
The RSI downtrend #2 is broken, so the probability of beginning 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 56.